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Basavaraj (Asst, Manager-Legal)     28 December 2010

what is the stamp duty on Deed of Gurantee

Dear Members

'A' company from London is executing 'deed of guarnatee' with 'B' Bank for availing a loan of Rs.20 lakh. The 'B' Bank is in Australia.

But 'C' is the Guarantor from Bangalore and giving garantee to the 'B' Bank on personal capacity.

Let me know whether stamp duty payable by 'C' on 'Deed of Guarnatee' or duty is applicable as per Karnataka Stamp Act.

All 'A' director are from Bangalore.

According to me Rs.200/- stamp paper is enough. Or else.

'C' has to pay any duty on Rs.20 lakh

It is very urgent.



 2 Replies

khushal chilbule (asst. manager)     04 January 2011

Till the date we have generally executed such transactions of bank guarantee by getting the deed notarised. on 100 Rs. stamp papers.

nishad (Asst.Manager Legal)     05 January 2011

Rs 200/- will suffice if you are executing the document in the state of karnataka

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