stamp duty

sivakumar.k (Querist) 03 January 2011 This query is : Resolved
is there any amendments in indian succession act regading the reduction of stamp duty from 3% to 1% for succession certificate?. sivakumar advocate, aruppukkottai

Follow Query

Report Abuse

R.Ramachandran (Expert) 03 January 2011
Indian Succession Act has nothing to do with Stamp Duty. Stamp Duty is determined under Stamp Duty Act. To my knowledge there is no stamp duty for succession certificate. (I would stand corrected if any other expert has any other view with supporting provision.)

Prakash Yedhula (Expert) 03 January 2011
I dont think there is any amendment from 3 % to 1 %.
In Tamil Nadu, Fees is collected under Schedule I Art 7 of the TN Court Fees & Suits Valuation Act, 1955

R.Ramachandran (Expert) 03 January 2011
Dear Mr. Prakash,
Whether it is Court fee or Stamp duty?

Guest (Expert) 03 January 2011
YOU ARE MISTAKING TWO PROVISIONS. THE COURT FEE(T N C F S V ACT 14/55)IS ONLY FOR FILING SUCCESSION O.P. THE JUDGEMENT WILL BE ON THE N.J.S AS PER THE STAMP ACT. THERE IS NO SUCH CHANGE OF FEES