Stamp Paper - Uttar pradesh


Dear Friends,

I would like to know the value of the stamp paper (presently applicable) on which a bank has to issue Bank Guarantee for an amount exceeding Rs.2 crores , as per Uttar Pradesh Stamp Act.

I hope we can use the NJS of Tamil Nadu, if such BG is issued by a Bank in Tamil nadu for covering a business transaction in UP.

Thanks in advance for your support.

Best Regards,

Sai Nath

 

 

 

 

 
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LEGAL COUNSEL

I assume that the Bank Guarantee will be executed in Tamilnadu. if so, the stamp duty applicable will be as per the Tamilnadu slabs of stamp duty.

vasudevan

 
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please clearify whether the document is being executed in UP or TN

thanks

ajay

 
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ADVOCATE

If the Bank Guarantee is being issued by a Banker at Tamilnadu, the Stamp duty as applicable in Tamilnadu is required to be paid.

 

However, it is 0.5% in U.P.

 
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