I am the beneficiary of 50% rights in a money decree vide a new document of "deed of assignment of decree", suit decreed 2 years back and the original decree-holder wants to assign to me 50% rights vide this new document. Suit was for recovery of money of movable property already disposed off by debtors.
There are very tricky questions. Deed of Assignment is an instrument but not a document of conveyance as only 50% rights are transferred of the money decree.
1. Under such circumstance, does one pay stamp duty on this deed of assignment ??
2. Its a part transfer of rights, it is not a full conveyance or a full sale. Hence does stamp duty apply if its a part transfer of movable rights in decreed suit
Assignment of full or part transfer of money decreee attracts payment of stamp duty.You gather from court office staff o rRegistrar office as to how much stamp duty is payable on part transfer of money decree. Stramp duty value differ from state to state.It also depends on the value of money coverd by the money decree. If you appreciate this answe please click the thank you button on this forum.