Amendment status not verified — confirm the current text below against the official source.
In the Kerala Stamp Act, 1959 (17 of 1959) in the SCHEDULE,-- (a) for serial number 21 and the entries against it in columns (2) and (3) and explanation thererto, the following serial number and entries shall respectively be substituted, namely:-- “21 Conveyance as defined in section 2(d) other than a conveyance specified in No. 22, not being a transfer charged or exempted under No. 55 Eight rupees for every rupees 100 or part thereof of the fair value of the land or the amount or value of the consideration for such conveyance, whichever is higher."; (b) for serial number 22 and the entries against it in columns (2) and (3), and explanation thereto, the following serial number and entries shall respectively be substituted, namely:-- “22 Conveyance as defined in section 2(d) not being a transfer charged or exempted under No.55 of immovable property situated,-- (i) Within the Municipalities/ Townships/Cantonments other than Corporations Eight rupees for every rupees 100 or part thereof of the fair value of the land or the amount or value of the consideration for such conveyance, whichever is higher; (ii) Within the Municipal Corporations Eight rupees for every rupees 100 or part thereof of the fair value of the land or the amount or value of the consideration for such conveyance, whichever is higher.”; (c) in serial number 44, the existing clause (g) shall be re-lettered as (h) and before so re-lettered (h), the following clause shall be inserted, namely:-- “(g) when giving authority or power to a promoter or a developer, by whatsoever name called, to make construction on or development of, (in any manner whatsoever) any immovable property situated in Kerala and not being a power of attorney in clause (f) above. The same duty as a conveyance (No.21 or 22, as the case may be) for the fair value of the land or for the amount of the consideration, whichever is higher, subject to a maximum of rupees one lakh.”.