(a) where the amount or value set forth in such contract does not exceed Rs. 5,00,000; Explanation No duty shall be chargeable on agreements or its record covered under sub-clauses (b) and (c ) of this article, if proper duty is paid under Article 51 A, Agreement or its records or Memorandum of Agreement--. Advantages of Notarised Agreements: Legally Binding: Notarised agreements are legally binding and enforceable in a court of law. 43 (b).The parties cannot rely on statements or conduct outside the License Agreement to establish any right or duty beyond or contrary to those expressly provided in or limited by the License Agreement. Step 2: Select an area, that is, Municipal Corporation or Gram Panchayat. Areas for the allotment of residential premises (4), 12.1MAJOR ARTICLES AS PER SCHEDULE I OF THE MAHARASHTRA STAMP ACT, (1) A debt written or signed by, or on behalf of, a debtor in order to supply evidence of such debt in any book (other than a bankers pass book) or on a separate piece of paper when such book or paper is left in the creditors possession ,and the amount or value of such debt-. Here, it would be relevant to mention that a s per the provisions laid down under the Indian Stamp Act, a stamp duty @ 5% is payable on an instrument based on the consideration amount mentioned. Patents The Patents Act does not contain any restrictions on the assignment of a licence. 1 Revenue stamp. Explanation II. Stock exchange, etc., to deduct stamp duty from trading members accounts 16 10C. For business users who are e-stamping their documents, you must register for an e-Stamping Account ID via the IRAS e-Stamping portal. Instrument of gift has been defined to include, where the gift is of any movable or immovable property but has not been made in writing, any instrument recording whether by way of declaration or otherwise the making or acceptance of such oral gift. 5. Individuals, small enterprises, or startups must file with the TM application by paying a fee of 4,500 for e-filing or 5,000 for filing by hand Based on the type of TM applied as per the stamp duty act, one needs to pay 5% stamp duty per TM application or assignment submitted Forms of Identification Of all the charges, stamp duty is the major component. Further it has to be paid on time to avoid penalty. 2. You will have to pay Stamp duty while registering a property as it is mandatory under Section 3 of the Indian Stamp Act, 1899. --For the purpose of this article more persons than one when belonging to the same firm shall be deemed to be one person. INSPECTORSHIP DEED, see Composition Deed (Article 24). the Stamp Duty payable under Article 25(b) of Schedule 1 of the Bombay Stamp Act, 1958. You can pay stamp duty online via an electronic secured bank treasury receipt (eSBTR)-an online payment service.