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Stamp Duty Law: Rates of Stamp Duty

Description: This quiz will test your knowledge on the rates of stamp duty applicable in India.
Number of Questions: 15
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Tags: stamp duty rates of stamp duty indian law
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What is the rate of stamp duty for a conveyance of immovable property?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: B
Explanation:

The rate of stamp duty for a conveyance of immovable property is 2% of the consideration value.

What is the rate of stamp duty for a lease of immovable property?

  1. 0.5%

  2. 1%

  3. 1.5%

  4. 2%


Correct Option: B
Explanation:

The rate of stamp duty for a lease of immovable property is 1% of the consideration value.

What is the rate of stamp duty for a mortgage of immovable property?

  1. 0.5%

  2. 1%

  3. 1.5%

  4. 2%


Correct Option: B
Explanation:

The rate of stamp duty for a mortgage of immovable property is 1% of the consideration value.

What is the rate of stamp duty for a transfer of shares?

  1. 0.25%

  2. 0.5%

  3. 0.75%

  4. 1%


Correct Option: B
Explanation:

The rate of stamp duty for a transfer of shares is 0.5% of the consideration value.

What is the rate of stamp duty for a debenture?

  1. 0.25%

  2. 0.5%

  3. 0.75%

  4. 1%


Correct Option: B
Explanation:

The rate of stamp duty for a debenture is 0.5% of the consideration value.

What is the rate of stamp duty for a bill of exchange?

  1. 0.1%

  2. 0.2%

  3. 0.3%

  4. 0.4%


Correct Option: A
Explanation:

The rate of stamp duty for a bill of exchange is 0.1% of the consideration value.

What is the rate of stamp duty for a promissory note?

  1. 0.1%

  2. 0.2%

  3. 0.3%

  4. 0.4%


Correct Option: A
Explanation:

The rate of stamp duty for a promissory note is 0.1% of the consideration value.

What is the rate of stamp duty for a cheque?

  1. 0.05%

  2. 0.1%

  3. 0.15%

  4. 0.2%


Correct Option: A
Explanation:

The rate of stamp duty for a cheque is 0.05% of the consideration value.

What is the rate of stamp duty for a power of attorney?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: A
Explanation:

The rate of stamp duty for a power of attorney is 1% of the consideration value.

What is the rate of stamp duty for an affidavit?

  1. 0.5%

  2. 1%

  3. 1.5%

  4. 2%


Correct Option: A
Explanation:

The rate of stamp duty for an affidavit is 0.5% of the consideration value.

What is the rate of stamp duty for a contract?

  1. 0.25%

  2. 0.5%

  3. 0.75%

  4. 1%


Correct Option: B
Explanation:

The rate of stamp duty for a contract is 0.5% of the consideration value.

What is the rate of stamp duty for a gift deed?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: A
Explanation:

The rate of stamp duty for a gift deed is 1% of the consideration value.

What is the rate of stamp duty for a partition deed?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: A
Explanation:

The rate of stamp duty for a partition deed is 1% of the consideration value.

What is the rate of stamp duty for a release deed?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: A
Explanation:

The rate of stamp duty for a release deed is 1% of the consideration value.

What is the rate of stamp duty for a surrender deed?

  1. 1%

  2. 2%

  3. 3%

  4. 4%


Correct Option: A
Explanation:

The rate of stamp duty for a surrender deed is 1% of the consideration value.

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