Amendment status not verified — confirm the current text below against the official source.
* * * Proper stamp-duty (2) The same duty as a Bond (No.l 5) for the amount of the value of the separated share or shares or property. N.D.-The largest share remaining after the property is partitioned (or if there are two or more shares of equal value and not smallc.:r than any of the other shares then one of such equal shares) shall be deemed to be that from which the other shares arc separated Provided always that- (a) When an instrument of partition contain- ing an agreement to divide property in severalty is executed and a partition is effected in pursuance of such agreement the duty chargeable upon the instnuncnt effecting such partition shall be reduced by thr amount of the duty paid in respect of the first instrument, but shall not be less than one rupee ; (b) When land is held on revenue settlc;ment fur a period not cxcocding thirty years and paying the full assessment, the value for the purpose of duty shall be calculated at not rnore than five times the annual revc· nue; (c) \Vhen a final order for efff'cting a partition passed uy any Revenue authority or any Civil Court, or an award by an arbitrator directing a partition, is stamped with the stamp required for an instrument of parti- tion and an instrunJcnt of partition in pursuance of such order of award is subse- quently executed the duty on such instru· ment shall not exceed one rupee. Five rupees. Twenty rupees. Ten rupees. * * * 320 (Schedule T) Description of instrument Proper stamp-duty (I) (2)