The Tamil Nadu government has increased stamp duty on 23 legal instruments, with effect from May 3, 2024. The hike in stamp duty — a tax imposed by states in India on various transactions, including those related to property — is aimed at curbing the expenditure of printing papers for instruments of low denominations.
This is the first time in two decades that the state government has hiked stamp duty on various legal instruments, including adoption deed, affidavit, lease and power of attorney to sell property.
While the stamp duty on adoption deed has been increased from Rs 100 to Rs 1,000, it has been increased to Rs 100 for copy of extraction as against Rs 20 earlier.
Tamil Nadu will also charge 4% of the market value of the property as stamp duty on power of attorney’s used to sell immovable property for consideration. Earlier, the buyer had to pay 4% of the consideration as stamp duty.
Revised stamp duty in Tamil Nadu with effect from May 3, 2024
| Instrument | Existing stamp duty | Revised stamp duty |
| Adoption | Rs 100 | Rs 1,000 |
| Affidavit | Rs 20 | Rs 200 |
| Agreement
(Not otherwise provided for) |
Rs 20 | Rs 200 |
| Articles of Association | Rs 300 | Rs 500 for every 10 lakh on authorised capital
Max Rs 5 lakh |
| Cancellation | Rs 50 | Rs 1,000 |
| Copy or Extract | Rs 20 | Rs 100 |
| Counterpart or Duplicate | Rs 20 | Rs 500 |
| Lease | Security deposit whether repayable or not included | |
| Memorandum of Association | Rs 200 or 500 | Rs 200 |
| Partition Non family | 4% on value of Separated share | 4% on market value of Separated share |
| Explanation to 45 46B, 55 | Family shall include legal heir of deceased family member | |
| Partnership | Rs 300 | Rs 1,000 |
| POA | Rs 5
Rs 15 Rs 100 Rs 175 |
Rs 500
Rs 500 Rs 1,000 Rs 1,000 |
| POA to sell immovable property for consideration | 4% on consideration | 4% on market value |
| POA to sell immovable
property in favour of family member |
— | 1000 |
| POA to sell immovable property in favour of person who is not a family member | — | 1% on market value of property |
| Reconveyance of Mortgaged Property | Rs 80 | Rs 1,000 |
| Security Bond | Rs 80 | Rs 500 |
| Revocation of Settlement | Rs 80 | Rs 1,000 |
| Surrender of lease | Rs 40 | Rs 1,000 |
| Transfer between Trustee to Trustee or Beneficiary
of same Trust |
Rs 30 | Rs 1,000 |
| Declaration of Trust | Rs 180 | Rs 1,000 |
| Revocation of Trust | Rs 120 | Rs 1,000 |
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