The reduced stamp duty on loan agreements is as well applicable on Hypothecation as well.
Stamp duty on deposit of title deeds, mortgage of movables, pawn, pledge, and hypothecation deeds has also been reduced from 0.5 per cent to 0.1 per cent. On unsecured loans, the applicable rate of stamp duty has been reduced from 0.25 per cent to 0.1 per cent.
It is also proposed to give relief in registration fee for deposit of title deeds. The documents, which are currently charged at 1 per cent, would be charged at the rate of 0.1 per cent.