Maharashtra Stamp Act, 1958 Definitions [Section 2]

When you buy a flat in Navi Mumbai, the agreement is printed on stamp paper or the duty is paid online, and only then does the Sub-Registrar look at it. Why does the State insist on duty before it will even register your document? The answer lies in stamp law. The syllabus names the Maharashtra Stamp Act 1958 and begins with its definitions in section 2, then walks through charge, stamping, adjudication, impounding and refunds.

In two minutes

Stamp law is a tax on instruments: duty is charged on a listed instrument, must be paid by stamping it before or at execution, and an instrument not duly stamped is impounded and cannot be admitted in evidence, acted upon or registered until the duty and penalty are paid.

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