Stamp Duty serves multiple purposes, including generating revenue for the government, preventing fraud and forgery, and regulating the transfer of property.

The Indian Stamp Act, 1899 is the primary legislation that governs Stamp Duty in India.

Stamp Duty is applicable to various types of documents, including sale deeds, lease agreements, gift deeds, and many others.

In most cases, both the buyer and the seller are jointly responsible for paying Stamp Duty.

Stamp Duty is calculated using a combination of factors, including the property value, the type of document, and the applicable rates.

Failure to pay Stamp Duty can result in various consequences, including the document being declared invalid, penalties being imposed, and legal action being taken.

Stamp Duty can be refunded in certain cases, such as when the document is cancelled or when there is an overpayment.

Stamp Duty and Registration Fee are distinct concepts with different purposes, payment procedures, and calculation methods.

Stamp Duty plays a crucial role in property transactions by fulfilling multiple objectives, including revenue generation, fraud prevention, and regulation of property transfers.

Stamp Duty contributes to infrastructure development by providing funding, stimulating economic activity, and ensuring transparency in property transactions.

Stamp Duty administration faces challenges such as evasion, lack of uniformity, and complexity, which can hinder its effectiveness.

Technology can enhance Stamp Duty administration by enabling online payments, electronic stamping, integration with property registration systems, and other digital solutions.

Recent Stamp Duty reforms in India focus on simplifying laws, rationalizing rates, promoting digital payments, and enhancing overall efficiency.

Stamp Duty has a significant impact on the real estate sector, influencing property prices, investment decisions, and the overall liquidity of the market.

Effective Stamp Duty policymaking involves balancing revenue generation with economic growth, ensuring equity and fairness, promoting transparency, and addressing administrative challenges.