Method of assessment of duty on transfers of property

In addition to the mutation for as provided in sub-section (4), Section 84, a duty on transfers of property shall be levied in the form of a surcharge on the duty imposed by the Indian Stamp Act, 1899(Act II of 1899), as in force for the time being in the State of Assam on instruments of sale, gifts and mortgage with possession of immovable property situated within the limits of a municipality at a rate of one per cent of the amount of the consideration, the value of the property, or the amount secured by the mortgage, as the case may be.