Bare Act
The Orissa Additional Stamp Duty Act, 1970
Tax19707 sections
This Act, officially named the Orissa Additional Stamp Duty Act, 1970, is a state law that increases the cost of buying or transferring property in Orissa. It applies to all instruments that transfer immovable property, whether located in rural or urban areas. The government charges a higher stamp duty rate for rural properties compared to urban ones. This extra revenue helps the state government fund public services and infrastructure projects. By modifying the existing Indian Stamp Act, the law ensures these additional charges are collected legally on specific property transactions to support the state's financial needs.
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