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Core Purpose

The Central Government extends the Indian Stamp (Punjab Amendment) Act, 2001 and the Indian Stamp (Punjab Amendment) Act, 2003, as in force in Punjab, to the Union Territory of Chandigarh, subject to specific modifications.

Detailed Summary

The Ministry of Home Affairs, through Notifications S.O. 2259(E) and S.O. 2260(E) both dated May 6, 2026, exercised powers under section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966) to extend two Punjab Amendment Acts to the Union Territory of Chandigarh, effective from their Official Gazette publication date. S.O. 2259(E) extends the Indian Stamp (Punjab Amendment) Act, 2001 (Punjab Act No. 14 of 2001), and S.O. 2260(E) extends the Indian Stamp (Punjab Amendment) Act, 2003 (Punjab Act No. 15 of 2004). Both extensions modify the respective Acts by substituting 'State of Punjab' with 'Union Territory of Chandigarh' and 'State Government' with 'Administrator of the Union Territory of Chandigarh'. The Indian Stamp (Punjab Amendment) Act, 2001, which received Presidential assent on December 11, 2001, and was published on December 21, 2001, amended the Indian Stamp Act, 1899, by inserting clause (9-A) in section 2 defining 'Commissioner', revising section 47-A to require Registering Officers to refer undervalued property instruments to the Collector, and modifying Schedule I-A to apply specific stamp duties for agreements to sell with possession (entries 5 and 48). The Indian Stamp (Punjab Amendment) Act, 2003, which received Presidential assent on June 23, 2004, and was published on July 1, 2004, further amended section 47-A of the Indian Stamp Act, 1899, to mandate the Collector to determine deficient duty with 12% per annum interest, and to impose an additional 3% per annum penal interest for intentional omissions in market value. It also amended section 48 to explicitly include 'interest' and 'penal interest' in the recoverable sums.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-07052026-272292 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 2170] NEW DELHI, WEDNESDAY, MAY 6, 2026/VAISAKHA 16, 1948 MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 6th May, 2026 S.O. 2259(E).— In exercise of the powers conferred by section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966), the Central Government hereby extends the Indian Stamp (Punjab Amendment) Act, 2001 (Punjab Act No. 14 of 2001) (hereinafter referred to as the principal Act) as in force in the State of Punjab, to the Union territory of Chandigarh, from the date of publication of this notification in the Official Gazette, subject to the following modifications, namely:- 1. This Act shall be called the Indian Stamp (Punjab Amendment) Act, 2001 as extended to the Union Territory of Chandigarh. 2. In the principal Act, — a) for the words "State of Punjab" wherever they occur, the words "Union Territory of Chandigarh" shall be substituted; b) for the words "State Government” wherever they occur, the words "Administrator of the Union Territory of Chandigarh" shall be substituted. [F. No. U-11020/2/2026-UTL] PRAVEEN KUMAR RAI, Jt. Secy. PUNJAB GOVT. GAZ (Extra) DEC. 21, 2001 (AGHN 30, 1923 SAKA) PART I DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS PUNJAB NOTIFICATION The 21st December, 2001 No. 24. Leg./2001.—The following Act of the Legislature of the State of Punjab received the assent of the President of India on the 11th December, 2001 and is hereby published for general information: - THE INDIAN STAMP (PUNJAB AMENDMENT) ACT, 2001 (Punjab Act No. 14 of 2001) AN ACT Further to amend the India Stamp Act, 1899, in its application to the State of Punjab. Be it enacted by the Legislature of the State of Punjab in the Fifty-second Year of the Republic of India as follows:- 1 (1) This Act may be called the Indian Stamp (Punjab Amendment Act, 2001 Short title and Commencement (2) It shall come into force at once 2. In the Indian Stamp Act, 1899 (hereinafter referred to as the Principal Act), in its application to the State of Punjab in section 2, after clause (9), the following clause shall be inserted, namely:- "(9-A) "Commissioner" means the commissioner of a Division appointed as such by the State Government.”. Amendment of Section 2 of Central Act 2 of 1899 3. In the Principal Act, in section 47-A,- Amendment of Section 48-A of Central Act 2 of 1899 (I) For sub-section (i) the following sub-section shall be substituted namely:- "(i) If the market value of any property, which is the subject of any instrument on which duty is chargeable on market value as set forth in such instrument, is less than even the minimum value as set forth in such instrument, is less than even the minimum value as determined in accordance with the rules made under this Act, the Registering Officer appointed under the Registration Act, 1908, shall after registering the instrument, refer the same to the Collector for determination of the market value of such property and the proper duty payable thereon”; and (ii) In sub-section (4), for the words “District Judge", the word "Commissioner" shall be substituted. 4. In the Principal Act, in Schedule I-A (i) In entry 5, after item the following item shall be inserted namely:- "(CC) in the case of agreement to sell followed by or evidencing delivery of possession of the immoveable property agreed to be sold; The same duty as is leviable under column 2 of entry No. 23 of this Schedule, subject to the adjustment of duty chargeable at the time of execution of conveyance made in pursuance of such agreement”, and (ii) in entry 48, after item (f), the following items shall be inserted namely:- "(ff) when given for consideration and/or for authorizing possession of the immovable property: The same duty as is leviable under column 2 of entry No. 23 of this Schedule, subject to the adjustment of duty chargeable at the time of execution of conveyance made in pursuance of such agreement. S. S. GREWAL, Secretary to Government of Punjab Department of Legal and Legislative Affairs. MINISTRY OF HOME AFFAIRS NOTIFICATION New Delhi, the 6th May, 2026 S.O. 2260(E). In exercise of the powers conferred by section 87 of the Punjab Reorganisation Act, 1966 (31 of 1966), the Central Government hereby extends the Indian Stamp (Punjab Amendment) Act, 2003 (Punjab Act No. 15 of 2004) (hereinafter referred to as the principal Act) as in force in the State of Punjab, to the Union territory of Chandigarh, from the date of publication of this notification in the Official Gazette, subject to the following modifications, namely:- 1. This Act shall be called the Indian Stamp (Punjab Amendment) Act, 2003 as extended to the Union Territory of Chandigarh. 2. In the principal Act, — a) for the words "State of Punjab" wherever they occur, the words "Union Territory of Chandigarh" shall be substituted; b) for the words "State Government” wherever they occur, the words "Administrator of the Union Territory of Chandigarh" shall be substituted. [F. No. U-11020/2/2026-UTL] PRAVEEN KUMAR RAI, Jt. Secy. PUNJAB GOVT. GAZ. (EXTRA.) JULY 1, 2004 (ASAR, 10, 1926 SAKA) Part I DEPARTMENT OF LEGAL AND LEGISLATIVE AFFAIRS, PUNJAB NOTIFICATION The 1st Jul, 2004 No. 24-Leg./95.- The following Act of the Legislature of the State of Punjab received the assent of the President of India on the 23rd June, 2004, and is hereby published for general information:- THE INDIAN STAMP (PUNJAB AMENDMENT) ACT, 2003 (Punjab Act No. 15 of 2004) AN ACT Further to amend the Indian Stamp Act, 1899, in its application to the State of Punjab. Be it enacted by the Legislature of the State of Punjab in the Fifti-fourth year of the Republic of India as follows: 1. (1) This Act may be called the Indian Stamp (Punjab Amendment) Act, 2003. Short title and commencement (2) It shall come into force at once. 2. In the Indian Stamp Act, 1899 (hereinafter referred to as the principal Act), in its application to the State of Punjab, in section 47-A,- (i) for sub-section (2), the following sub-section shall be substituted, namely:- "(2) On receipt of reference under sub-section (1), the Collector shall, after giving the parties reasonable opportunity of being heard and after holding an enquiry in such manner as may be prescribed by rules under this Act, determine the value or consideration and the duty as aforesaid, and the deficient amount of duty, if any, alongwith interest at the rate of twelve per cent per annum on such deficient amount, shall be payable by the person liable to pay the duty from the date of registration of the instrument relating to such property to the date of payment of deficient amount of the duty: Provided that a person shall also be liable to pay penal interest at the rate of three per cent per annum, if there was an intentional omission or lapse on his part in not setting forth the correct market value of such property."; and (ii) In sub-section (3), for the words "if any, would be payable by the person liable to pay the duty.", the following shall be substituted, namely:- "if any, alongwith interest at the rate of twelve per cent per annum on such deficient amount, would be payable by the person liable to the pay of duty from the date of registration of the instrument relating to such property to the date of payment of deficient amount of the duty; Provided that a person shall also be liable to pay penal interest at the rate of three per cent per annum, if there was an intentional omission or lapse on his part in not setting forth the correct market value of such property.". 3. In the principal Act, in section 48, for the words "All durites, penalties and other sums", the words "All duties, penalties, interest, penal interest and other sums" shall be substituted. Amendment of section 48 of Central Act of 1899 Secretary to Govt. of Punjab, Department of Legal and Legislative Affairs.

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