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The same tax as other promotions (No 23) levied by this Law, against consideration equal to the amount or value of such a fine or bonus or an advance fixed in the rental agreement, in addition to the tax that would have been due on that lease if no fine, premium or advance had been paid or delivered: Women in Punjab must pay 5 per cent as stamp duty if the property is registered only on women`s names and 6 per cent if it is registered jointly in the name of a man and a woman. (a) where the duty charged by the original instrument does not exceed two rupees; (Eds: Updates with more details) Chandigarh, 17 years old. October (PTI) Stamp duty on 17 items will rise sharply in Punjab, with the state government on Wednesday adopting a regulation amending a law aimed at paving the way for a rate review to mobilise additional resources. The Punjab cabinet on Wednesday approved a regulation amending Schedule 1-A of the Indian Stamp Act 1899 to allow for an increase in stamp duty rates. Stamp duty rates for 17 of the 65 items in Schedule 1-A will double after the change the cabinet deemed essential to increase state revenue, an official spokesman said here. There are 65 points in the Indian Stamp Act, 1899, on which stamp duty is levied, of which the cabinet stamp duty has been revised to only 17 points, the spokesman said. Items on which stamp duty has been increased include the act of adoption, affidavit (including confirmation or declaration in the case of persons legally entitled to confirm or declare), agreement or memorandum of understanding on the sale of a change in the sale of a State guarantee or an interest in a public limited company or other entity; with regard to the sale of real estate, the articles of association of a company, if the authorized capital of the company does not exceed one lakh. Punjab is currently increasing Rs 50 crore stamp tax which would increase with the increase in rates around Rs 100-150 crore. The firm considered that it was essential to increase the stamp duty to 17 items to increase the State`s revenues. However, stamp duty on the registration of immovable property is not affected. The cabinet, chaired by Chief Minister Capt Amarinder Singh, found that the new rates were higher than in neighboring Haryana, but said it was essential to increase payments in order to generate the revenue the state desperately needs. . .

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