What is the Rule of Stamp?

The rule of stamp refers to the legal framework governing the payment of stamp duty on documents related to property transactions in India. Key aspects include:

• Document Types: Stamp duty is applicable on various documents, including sale deeds, lease agreements, and gift deeds.
• Payment Requirement: The payment of stamp duty is mandatory for the document to be legally valid. Non-payment can lead to penalties, or the document being deemed inadmissible in court.
• Market Value Basis: Stamp duty is generally calculated based on the market value of the property or the transaction value, whichever is higher.
• State Variations: Each state in India has its own stamp duty rates and rules, emphasising the importance of understanding local regulations. 
  You may use the Stamp Duty Calculator to understand details of your property transactions better.