Payment of stamp duty on hypothecation deed
k v sairam
(Querist) 13 August 2014
This query is : Resolved
Please given me opinion on payment of stamp duty on hypothecation deed. Immovable properties are situated in the state of telangana and andhra pradesh, please clarify me in which state should i pay the stamp duty and get the document registered.
Is there any legal provision with respect to this.
M V Gupta
(Expert) 14 August 2014
Duty should be paid in accordance with the law of the State where the deed is executed.There is specific duty prescribed in the state law.
the law
RAJU O.F.,
(Expert) 15 August 2014
Stamp duty for hypothecation agreement in Tamil Nadu is Rs.20/-. Various States prescribe different stamp duty.