Sr. No.

Dates

Changes that occurred since 4^th July 1980

1.

4^th July 1980

Concept of Market Value introduced for the payment of stamp duty on conveyance

2.

10^thDecember 1985

Agreement for Sale to deemed to be conveyance for the purpose of charging Stamp

3.

10^thDec’ember 1985

Benefit of Stamp Duty as per Article 25 (d) made applicable from this date up to March 16^th 1988 (vide Notification dated 11/05/1994) as Article 25 (d) was introduced on 17^th March 1988. Earlier Stamp Duty was 10%, 12% and 15% depending on the value.

4.

17^th March 1988

Article 25 (d) was introduced reducing stamp duty for residential properties.

5

1^st Dec’ 1989

Stamp Paper is valid for a period six months only.

6.

7^th Feb’ 1990

Development Agreement is subject to 1% stamp duty, which was earlier Rs.100/-

7.

1^st March 1990

Stamp Duty Ready Reckoner was brought out for the first time for the purpose of Market Value for charging Stamp Duty. Earlier this work was being done by the Town Planning and Valuation Department.

8.

1^st April 1994

FIRST Stamp Duty Amnesty Scheme, for instrument executed after 040701980, was announced which was operative up to 30-06-1995, Penalty was Rs. 250/-

9.

1^st May 1994

Stamp Paper to be purchased in the name of one of the parties signing the document.

10.

19^th May 1995

Franking of Document was started at General Stamp Office, Mumbai.

11.

1^st October 1995

Practice of sending the document to Pune was discontinued and documents were given back within 2 weeks.

12.

5^th July 1997

SECOND Stamp Duty Amnesty Scheme announced, which was operative up to 31-03-1998, Penalty was Rs. 250/-

13.

7^th Feb 1998

Stamp Duty Ready Reckoner  in English was first published by The Architects Publishing Corporation of India.

14.

26^th November 1998

THIRD Stamp Duty Amnesty Scheme announced, which was operative up to 31-03- 1999, Penalty was Rs. 300/-

15

31^st March 2000

Registration made compulsory for Leave and License and Tenancy Agreements. Premium (Pugree) on tenanted premises was legalized,

16.

1^st January 2001

Stamp Duty Ready Reckoner with C.T.S. numbers was first brought out by the department.

17.

1^st May 2001

Penalty reduced to maximum 2 times of deficient Stamp Duty. Earlier the penalty was up to 10 times.

18.

1^st June 2001

Requirement of obtaining Income Tax Clearance Certificate Under Section 230 A of Income Tax Act was waived off.

19.

25^th September 2001

The registration Act, 1908 was amended, withdrawing authority & powers of Sub-Registrars of Delhi, Kolkata, Chennai, & Mumbai to register documents relating to property situated anywhere in India. This amendment was made applicable to state of Maharashtra through executive order with effect from 01-01-2002

20.

1^st January 2002

Affixing of photographs & thumb impression made compulsory for registration of documents relating to property.

21.

1^st February 2002

Registration of documents was computerized in Mumbai and in some other cities.