Loan Agreement is an instrument and Stamp duty is required to be paid while executing the loan agreement as per rates prescribed by the State of Rajasthan in Rajasthan ( Stamp duty on Loan Agreement in Rajasthan) . Loan Agreement is a very important document that confers rights and obligations on lender and borrower (parties to Agreement )
Stamp duty Payable on Loan Agreement in Rajasthan
| Particulars | Amount of stamp duty Payable |
|---|---|
| Loan Agreement | 0.25% of Loan amount max. Rs. 25 lacs |
| Loan Agreement to Start-Up, up to rupees ten lakh | Rs.0 after rebate |
| Loan Agreement to Start-Up exceeds rupees ten lakh | 0.25% of Loan amount |
| Agreement Relating to Deposit of Title Deed/ Equitable Mortgage Deed when Loan repayable in more than 3 months | 0.25% of Loan Amount Max 25 lakh |
| Agreement Relating to Deposit of Title Deed/ Equitable Mortgage Deed when Loan not more than 3 months | 0.075% of Loan Amount Max 5 lakh |
| Loan to set up a Micro, Small or Medium Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006, or enhancing credit facility or transfer of loan account from one bank to another by Micro, Small or Medium Enterprises, in the State – Per document in case of loan agreement and deposit of title deed and lease contract Rs. 100/ | Rs. 100 |
| Loan to set up a Micro, Small or Medium Enterprises as defined in the Micro, Small and Medium Enterprises Development Act, 2006, or enhancing credit facility or transfer of loan account from one bank to another by Micro, Small or Medium Enterprises, in the State – Per document in case of simple mortgage with or without transfer of possession of property Rs. 500/- | Rs. 500 |