Stamp duty

Querist : Anonymous (Querist) 21 January 2021 This query is : Resolved
Dear Sirs,
I have purchased a Rs.100/- stamp paper in TN for lease agreement for 11 months. Owner is residing at Bengaluru and they have signed the agreement and later it is to be executed at Mumbai (my office location and leased property location).
Is this agreement valid and acceptable.

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This discussion addresses the validity of a lease agreement using a stamp paper purchased in Tamil Nadu for an agreement to be executed in Mumbai. The consensus, supported by a High Court judgment, is that stamp papers are primarily for evidencing the date and authenticity of a transaction, with revenue generation being secondary. Therefore, a stamp paper purchased in one state should be acceptable for execution in another.

K.S.Ramaswamy Advocate (Expert) 22 January 2021
In my view the stamp paper purchased in TN cannot be executed in Mumbai (Maharashtra).

Guest (Expert) 22 January 2021
Refer the Orders in Judgement Pronounced by Honorable Justice L.Narasimha Reddy in Andhra Pradesh High Court on 31st Dec 2012 in the Matters of V.Giridhar Kumar VS Miss Sellammal (Died Per Lrs ) -- Refer the Para Mentioned below in the Orders

Guest (Expert) 22 January 2021
" The insistence Use of Stamp Paper is basically an measure to provide Evidence as to the date of Execution an Authenticity of transaction Earning of Revenue is Secondary to this " the Orders said and the other State Stamp Papers were accepted.in the High Court and the Judgement was Pronounced

Dr J C Vashista (Expert) 23 January 2021
It is valid and legal stamp paper.

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