Levy of surcharge

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.