The Kerala Stamp (Amendment) Act, 2004 [1] Complete Act - Bare Act

ACT 1 OF 2004

THE KERALA STAMP (AMENDMENT) ACT, 2004 [1]

An Act further to amend the Kerala Stamp Act, 1959.

Preamble

.

Be it enacted in the Fifty-fifth Year of the Republic of India as follows: "

1.

Short title and commencement

.

(2) It shall be deemed to have come into force on the 2nd day of December 2003.

2.

Insertion of new section 30A

. "In the Kerala Stamp Act, 1959 (17 of 1959) (hereinafter referred to as the principal Act), after section 30, the following section shall be inserted, namely: "

"30A. Ceiling on surcharge on stamp duty.

"Notwithstanding anything contained in the Kerala Panchayat Raj Act, 1994 (13 of 1994) or in the Kerala Municipality Act, 1994 (20 of 1994), the rate of surcharge on stamp duty leviable on any instrument by a Grama Panchayat or a Municipality shall not exceed two per cent of the amount on which such stamp duty is payable.".

3.

Amendment of the Schedule

. "In the Schedule to the principal Act. "

(a) in column (3), against serial number 21, for the entry "Six rupees for such conveyance", the entry "Two rupees for every Rs. 100 or part thereof, of the fair value of the property or the amount or value of the consideration for such conveyance, whichever is higher" shall be substituted;

(b) for serial number 22 and the entries relating thereto in columns (2) and (3), the following serial number and entries shall, respectively, be substituted, namely

4.

Repeal and Saving

.

(2) Notwithstanding such repeal, anything done or any action taken under the principal Act as amended by the said Ordinance, shall be deemed to have been done or taken under the principal Act as amended by this Act.