Personal loan agreement
1 year ago
Stamp paper of what value is to be used for typing/preparing a personal loan agreement (to a friend) of Rs.10 lakh.
A.Dear client,
- Where the loan amount does not exceed rupees ten lakh (Rs. 10,00,000/-) is rupees ten Rs. 10/- for every Ten thousand Rupees (Rs. 10,000/-) the rate of stamp duty being (0.1%).
- Stamp duty on the loan amount when it exceeds Rupees Ten Lakh (Rs. 10,00,000/-) is Rs. 20/- for every Ten Thousand Rupees (0.2%) with the upper cap of Rupees Ten Lakh (Rs. 10,00,000/-).
- Where the loan amount does not exceed rupees ten lakh (Rs. 10,00,000/-) is rupees ten Rs. 10/- for every Ten thousand Rupees (Rs. 10,000/-) the rate of stamp duty being (0.1%).
- Stamp duty on the loan amount when it exceeds Rupees Ten Lakh (Rs. 10,00,000/-) is Rs. 20/- for every Ten Thousand Rupees (0.2%) with the upper cap of Rupees Ten Lakh (Rs. 10,00,000/-).
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A.Dear Client
As per location where you are residing you need to find out the value of the stamp paper required for loan agreement by visiting the local sub-registrar office.
As per location where you are residing you need to find out the value of the stamp paper required for loan agreement by visiting the local sub-registrar office.
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