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Property

Indian Stamp Act, 1899

In the realm of finance, there exists a legal statute that mandates the payment of stamp duty for all real estate transactions to the local government. The amount of stamp duty is determined by the rental amount and the duration of the lease or the sale value, depending on the nature of the transaction. This duty is fulfilled through the purchase of non-judicial Indian Stamp Paper, which serves as the official documentation for lease/sale agreements.
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