Amendment status not verified — confirm the current text below against the official source.
(1) The duty imposed by the Indian Stamp Act, 1 899, on any deed Additional of transfer of immovable property shall, in the case of an immovable property stamp duty on situated within a development area, be increased by two per cent an the of property. amount or value of the consideration with reference to which the duty is calculated under the saidAct : Provided h a t the State Government may, By notification in the Oficial Gazette, enhance, the aforementioned percentage of the increase in the stamp duty upto five percent. (2) All coIlection resulting from the said increase shall, after deduction of incidental expenses, ifany, be allocated and paid bythe State Government in its discretion either to the Local Development Authority alone or as the - I case may be, in such proportion as may fiom time to time bc determined, in such manner and in accordance %vitb such principles as the State Government may notify in the Official Gmxtte. (3) For purpose of this section, section 27 of the Indian Stamp Act, 1899, shall be read as if it specifically required the particulars referred to Toll for umcnitics. Recovery of moncys duc to Local Dcvclop- - mcnt Authority. Relurns and inspections. URBAN DEVELOPMENT AUTHOMR 1 1977 : Haryana Act 13 therein to be separately set forth in respect of property within thc Local Development Authority and property situated outside such area. (4) For the purposes of this section, section 64 of the Indian Stamp Act, 1899 shall be so read and construed as if it referrcd to the Local Development Authority as well as to the State Government.