A Rs 100 stamp paper is a legal document that has a pre-printed revenue stamp of 100 Indian rupees affixed to it. The stamp paper of this value is used to create many types of legally binding agreements and contracts. These include property transactions, employment agreements, lease agreements, etc. The relevance of a Rs-100-stamp paper lies in its ability to provide legal validity and enforceability to the agreements made between two parties. It helps to prevent fraud and disputes as the terms of the agreement bind both parties.
What is a stamp?
Stamp papers are instrument created by the use of franking machines to pay stamp duty, a kind of tax that state governments in India charge on various transactions. Stamps can be either impressed stamps or adhesive stamps.
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Rs 100 stamp paper: Main facts
In India, there are two types of stamp paper:
- Judicial stamp papers
2. Non-judicial stamp papers
A Rs-100 -stamp paper is a type of non-judicial stamp paper used for executing legal or financial documents in India. It has a pre-printed value of Rs 100. It is available at authorised stamp vendors or government-approved banks. The stamp duty is paid on the stamp paper. The document is legally valid once it is affixed with the stamp paper.
A Rs 100 stamp paper and other stamp papers regarding legal validity are the same. However, the value of the stamp paper depends on the transaction’s worth, and different denominations are available for other values. The stamp duty is calculated as a percentage of the transaction value, and the appropriate stamp paper is used accordingly. The stamp paper is dimensions are 8 ½ and 13 ½ inches.
Sample of impressed Rs 100 stamp paper
Use of Rs 100 stamp paper
In India, Rs 100 stamp paper is commonly used for legal documents such as affidavits, agreements, bonds, powers of attorney and sale deeds. However, here are some uses of Rs 100 stamp paper:
- Affidavits: Rs 100 stamp paper is commonly used to make legal affidavits. It is a sworn statement of facts that can be used as evidence in court.
- Lease agreements: Rent agreements or lease agreements for fewer than 11 months can be made on Rs 100 stamp paper.
- Deed of gift: A deed of gift is a legal document that is used to transfer ownership of movable or immovable property. The value of the gift can be mentioned on Rs 100 stamp paper.
- Power of attorney: An official document known as a power of attorney grants someone the right to act in another person’s place. A Rs 100 stamp paper can be used to make a power of attorney.
- Sale agreement: A sale agreement is a legal document to transfer ownership of movable or immovable property. A Rs 100 stamp paper can be used to make a sale agreement of fewer than Rs 5 lakh.
- Indemnity bond: An indemnity bond is a legal agreement between two parties where one party agrees to compensate the other party in case of any loss or damage. A Rs 100 stamp paper can be used for making an indemnity bond.
Rs 100 stamp paper: How to get it?
To get Rs 100 stamp paper in India, you need to follow these steps:
- Find a licensed stamp vendor or Notary Public authorised to issue stamp papers.
- Provide details such as name, address, the purpose of buying the stamp paper, and other necessary information.
- Pay the required fee for the stamp paper. The cost of a Rs 100 stamp paper may vary from state to state.
- The stamp vendor or notary public will issue the stamp paper and may affix the required revenue stamp on it.
- Ensure that the stamp paper is properly signed and stamped with the required details.
- Keep the stamp paper safe as it is a legal document and can be used as evidence in court or other legal matters.
Note: In some states, stamp papers can also be purchased online or through e-stamping facilities. Please check with your local authorities for more information regarding Rs 100 stamp paper.
Rs 100 stamp paper: How to get it online?
Step 1: To get the Rs 100 stamp paper online, log on to http://www.shcilestamp.com and create username and password on the portal.
Step 2: Create a transaction reference number.
Step 3: Choose purpose of the stamp paper and make payment against the reference number.
Step 4: Once payment is done, download the stamp paper and take its print out.
Rs 100 stamp paper: Validity and expiry
According to the Indian Stamp Act, the validity of stamp papers ranges from six months to six years from the date of issue, depending on the state. The expiry period is usually mentioned on the stamp paper itself. After the expiration of the validity period, the stamp paper becomes void and cannot be used for any legal transaction.
It is important to use the stamp paper within the validity period, and if not used, it should be surrendered to the authorities for a refund of the purchase price. However, it is always recommended to check the latest rules and regulations regarding stamp papers in India from the relevant authorities or legal experts.
Importance of Rs 100 stamp paper in legal documentation
In India, Rs 100 stamp paper is commonly used for various legal documents, such as agreements, affidavits, and bonds. The stamp paper is proof that the transaction or arrangement has taken place and that the parties involved have paid the necessary stamp duty. The use of stamp paper can also help in the enforcement of the agreement in court, as it is considered to be a valid legal document. However, the importance of a Rs 100 stamp can vary depending on the specific document and the legal requirements in each case. It is always advisable to seek legal advice to ensure that the appropriate stamp paper and stamp duty are used for any legal documentation.
FAQs
What is the validity of a Rs 100 stamp paper?
The validity of a Rs 100 stamp paper is six months from the date of purchase.
Where can I buy Rs 100 of stamp paper?
A Rs 100 stamp paper can be purchased from authorised stamp vendors or the online portal of the Government of India.
Is a Rs 100 stamp paper valid for all legal documents?
Rs 100 stamp paper is only valid for some legal documents. It depends on the nature and value of the document.
What happens if a Rs 100 stamp paper is not used within its validity period?
If a Rs 100 stamp paper is not used within its validity period, it becomes invalid and cannot be used for legal purposes.
What is the process for using Rs 100 stamp paper?
Using a Rs 100 stamp paper involves writing the legal document on the form and affixing the stamp to it. The manuscript should be signed by the parties involved and attested by a notary public.
Can a Rs 100 stamp paper be used for registering a property?
No, a Rs 100 stamp paper cannot be used to register a property. Property registration requires a different type of stamp paper.
What is the penalty for using expired Rs 100 stamp paper?
The penalty for using expired Rs 100 stamp paper is a fine of double the amount of the stamp duty.
What is stamp duty? How is it different from stamp paper?
The stamp duty is a tax levied on a transaction. Stamp papers serve as a proof that the stamp duty has been paid. It also serves as evidence of an agreement. It can be used in a court as an evidence if required.
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An alumna of the Indian Institute of Mass Communication, Dhenkanal, Sunita Mishra brings over 16 years of expertise to the fields of legal matters, financial insights, and property market trends. Recognised for her ability to elucidate complex topics, her articles serve as a go-to resource for home buyers navigating intricate subjects. Through her extensive career, she has been associated with esteemed organisations like the Financial Express, Hindustan Times, Network18, All India Radio, and Business Standard.
In addition to her professional accomplishments, Sunita holds an MA degree in Sanskrit, with a specialisation in Indian Philosophy, from Delhi University. Outside of her work schedule, she likes to unwind by practising Yoga, and pursues her passion for travel.
sunita.mishra@proptiger.com
