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Stamp duty rates change

KARACHI: The Sindh government has, through the Sindh Finance Act, 2009, rationalized Stamp Duty rates under certain Articles of the schedule to the Stamp Act, effective July 1, 2009. An official announcement said Monday that people will now pay a Stamp Duty of Rs 2 and Rs 5 on acknowledgement and receipt, Rs 200 on...

SAMAA | - Posted: Aug 10, 2009 | Last Updated: 12 years ago
SAMAA |
Posted: Aug 10, 2009 | Last Updated: 12 years ago

KARACHI: The Sindh government has, through the Sindh Finance Act, 2009, rationalized Stamp Duty rates under certain Articles of the schedule to the Stamp Act, effective July 1,

2009.

An official announcement said Monday that people will now pay a Stamp Duty of Rs 2 and Rs 5 on acknowledgement and receipt, Rs 200 on the sale or transfer of registered Motor Vehicles, Rs 200 on the sale of an immovable property, Rs 1,000 on a partnership or dissolution of partnership, Rs 100 on shares, 0.15% on a Bill of Exchange, Rs 200 on an indemnity bond, security bond or mortgage deed, 0.50% on a certificate of other document (share certificate), 0.30% on lease building properties.

If the lease does not exceed Rs 10 lakhs the stamp duty will be paid at Rs 100 and Rs 200 if the value does not exceed Rs 250,000, Rs 200 on value exceeding Rs 250,0000 and 2% of the value in accordance with the valuation table under section 27-A & B on settlement, the announcement

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