In this article we will discuss the amount of Stamp duty payable on power of attorney (POA) in Rajasthan, In India stamp duty varies from state to state and every state has its own rates for payment of stamp duty.
There are different instances where Power of attorney can be executed, stamp duty payable depends accordingly
Stamp Duty on Power of Attorney (POA) in Rajasthan
| Particulars (Type of Instrument) | Amount of Stamp duty |
|---|---|
| When Power of Attorney is executed for the sole purpose of procuring the registration of one or more documents in relation to a single transaction or for admitting execution of one or more such documents | Rs. 100 |
| When Power of Attorney is executed authorizing one person or more to act in a single transaction other than the case mentioned above | Rs. 100 |
| When authorizing not more than five persons to act jointly and severally in more than one transaction or generally | Rs. 200 |
| Power of Attorney executed by Client in favour of Stock Broker registered in SEBI for purchase of securities | Rs. 200 |
| When authorizing more than five persons but not more than ten persons to act jointly and severally in more than one transaction or generally | Rs. 200 |
| When given for consideration and authorizing the attorney to sell any immovable property | 6% of consideration |
| When given for consideration and authorizing the attorney to sell any immovable property (Female SC/ST/BPL) | 4% of Consideration (After Rebate) |
| when given for consideration and authorizing the attorney to sell any immovable property; (Female other than SC/ST/BPL) | 5% of Consideration (After Rebate) |
| When given for consideration and authorizing the attorney to sell any immovable property; (Disabled 40% & above) | 5% of Consideration (After Rebate) |
| When power of attorney is given without consideration to sell immovable property to the father, mother, brother, sister, wife, husband, son, daughter, grandson or grand daughter of the executant | Rs. 2000 |
| when power of attorney is given without consideration to sell immovable property to any other person | 0.5% of market value of property (After Rebate ) |
| When given to promoter or developer by whatever name called for construction on, or development of, or sale or transfer (in any manner whatsoever) of, any immovable property, (Sale power not given) | 1% of market value (After Rebate) |
| When given to promoter or developer by whatever name called for construction on, or development of, or sale or transfer (in any manner whatsoever) of, any immovable property, (with Sale power) | 1.5% on proportionate part and 1% on remaining part of market value |
| Authentication Power of Attorney (any other Case) | Rs. 50 |
How to Pay Stamp duty on Power of Attorney
Stamp Duty on Power of Attorney in Rajasthan can be paid both in Online and offline Mode, In case of Offline Mode you need to visit to Registered Stamp Vendor office and Purchase the stamp Paper of applicable amount and in case of Online mode , you may purchase stamp paper through registered office of stock holding corporation and authorized stamp vendors.