Bare Act
The Tamil Nadu Stamp (Increase of Duties) Act, 1962
Tax19625 sections
The Tamil Nadu Stamp (Increase of Duties) Act, 1962, is a fiscal statute enacted to enhance state revenue by increasing stamp duty rates on specific legal instruments. It mandates a 50% increase in duties for various documents listed in the Indian Stamp Act, 1899, and adjusts specific monetary thresholds within that Act to reflect economic changes. Furthermore, it extends the application of the Indian Stamp Act to "added territories" in Tamil Nadu, ensuring legal uniformity across the state. For the ordinary citizen, this means higher costs when executing certain legal documents, such as agreements or deeds, and confirms the legal framework governing stamp duty obligations in the region.
- 1. Short title, extent and commencement
- 2. Rates of stamp duty on certain instruments to be increased by 50 per cent
- 3. Amendment of section 3, Central Act II of 1899
- 5. Insertion of new section 75-A in Central Act II of 1899
- 6. Extension of Central Act II of 1899 to added territories and repeal of corresponding laws
PDF: pending for this language.