The Orissa Additional Stamp Duty Act, 1970

(1) This Act may be called the Orissa Additional Stamp Duty Act, 1970. (2) It extends to the whole of the State of Orissa. (3) It shall come into force on such date as the State Government may, by notification, appoint in this behalf.

In this Act unless the context otherwise requires- (a) "rural area" means any area other than an urban area; (b) "urban area" means any area within the local limits of any Municipality or Notified Area constituted under the Orissa Municipal Act, 1950.

Notwithstanding anything contained in the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act), stamp duty leviable under the principal Act in respect of instruments specified in the first column of Schedule I shall, when such instrument purports to transfer any immovable property situate within rural areas and within urban areas, be increased by an additional stamp duty in accordance with the rates specified in the second column and third column respectively of Schedule II on the amounts or value, as the case may be, specified in the second column of Schedule I.

The provisions of the principal Act shall, in so far as they are not inconsistent with the provisions herein contained, apply in respect of any additional stamp duty leviable under this Act.

The Orissa Additional Stamp Duty Act, 1962 is hereby repealed.

(See Section 3) Description of instrument | Amount or value on which additional stamp duty is leviable (1) | (2) 1. Instrument referred to in Article 23 of Schedule I-A to the principal Act. | Amount or value of the consideration for such conveyance as set forth in such instrument. 2. Instrument referred to in Article 31 of the said Schedule. | Value of the property of the greatest value as set forth in such instrument. 3. Instrument referred to in Article 33 of the said Schedule. | Value of the property as set forth in such instrument. 4. Lease including under lease or sub-lease and any agreement to let or sub-let- (i) where the lease is granted for a fine or premium or for money advanced and where no rent is reserved; | Amount or value of such fine or premium or advance as set forth in such lease; (ii) where the lease is granted for a fine or premium or for money advanced in addition to rent reserved. | Amount or value of such fine or premium or advance as set forth in such lease. 5. Instrument referred to in Article 40 (c) of the said Schedule. | Amount secured by such instrument. 6. Instrument referred to in article- (i) 58 (A) of the said Schedule ; | Value of the property settled as set forth in such instrument; (ii) 58 (B) of the said Schedule. | Value of the property concerned as set forth in such instrument.

( See Section 3 ) Rate of additi- Rate of additional onal stamp duty stamp duty in Amount or value specified in in respect of respect of proper- column (2) of Schedule I pro p e r t i e s ties situate in situate in rural areas urban areas

(1) (2) (3)

~ o t exceeding Rs. 2,000 . . Two per cent Three per cent

Exceeding Rs. 2,000 but not Three per cent Four and half exceeding Rs. 5,000. per cent.

Exeeeding Rs. 5,000 but not Four per cent Six per cent exceeding Rs. 10,000.

Exceeding Rs. 10,000 but not. Five per cent Seven and half exceeding Rs. 25,000. per cent.

Exceeding Rs. 25,000 . . Six per cent Nine per cent