The Indian Stamp (Mizoram Amendment) Amending Act, 2007

1) This Act may be called the Indian Stamp (Mizoraram Amendment) Amend- ing Act. 2007. 2) It shall extend to the whole of Mizoram 3) It shall come into force at once.

Clause (g) of article 5 of the Indian Stamp (Mizoram Amendment) Act, 1996 (hereinfter referred to as the Principal Act) shall be substituted by the following namely :- “(g) Deposit of title-deeds or such instruments to financial insititution and commercial bank for loans. ........... 0.5 percent of market value of the prop erty, subject to a maximum of Rupees five hundered

Article 15 of the Principal Act shall be substituted by the following , namely :- “15. Bond as defined by Section 2 (5) not being a debenture (No. 27) and not being otherwise provided for by this Act or by the Court fees (Mizoram Amend- ment) Act, 1996 : For every Rs. 500 or part thereof .......... One percent subject to a maximum of Five hundred rupees.

Clause (d) of article 23 of the Principal Act, shall be substituted by the following, namely :- “(d) if relating to residential premises consisting of building or unit - (i) where its value does not exceed Rs. 1,00,000/- ......... One hundred rupees. (ii) where its value exceeds Rs. 1,00,000/- but does not exceed Rs. 5,00,000/- ........... Two hundred fifty rupees; and (iii) where its value exceeds Rs. 5,00,000/- .......... Five hundred rupees.”

1) The Indian Stamp (Mizoram Amendment) Amending Ordinance, 2007 (Ord. 1 of 2007) is hereby repealed. 2) Notwithstanding such repeal, anything done or any action taken under the said Ordinance shall be deemed to have been done or taken under the corresponding provisions of this Act.