Amendment status not verified — confirm the current text below against the official source.
the land being partitioned is not within the provisions of ceiling. Notification N0.(51) B-4-12-96-CTD-V dated the 8th November, 1996-In exercise of the powers conferred by clause (a) of sub-section (i) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899), the State Goyemment hereby remits the stamp duty chargeable under Article 31 of Schedule l-A of the said Act in respect of deeds of exchange of agricultural land upto 5 acres under following conditions, namely :- (1) The lands being exchanged are agricultural, (2) The lands being exchanged are adjacent to the land owners land, i.e., there is chakbandi, (3) The lands being exchanged are approximately of equal market value, (4) The lands being exchanged should not be Nazul or extra—Nazul agricultural lands, (5) The lands being exchanged are situated within the same Revenue inspector circle, (6) Provision should not be misused for evading Ceiling on agricultural land. Notification N0. (13) B-4—18—98—CT-V dated the 19th May, 1998. — In exercise of the powers conferred by clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II 1899), the State Goyemment hereby reduces the stamp duty with which an instrument of securitization of loans or of Assignment of Debt with underlying securities is chargeable under Schedule l-A of the said Act, to 0.1 per cent. Of the loan securitized or debt assigned with underlying securities, if the securities, if the securities are noyable properties and to 2 percent. Of the loan securitized or debt assigned with underlying securities, if the securities are immovable properties. Notification N0. B-4—17—94—C.T.-5(22) dated the 22nd June, 1998 — In exercise of powers conferred by clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899), and in supersession of this Department Notification No. 2851-B-6-17-C.T.-V87, dated the 30th May, 1922, the State Goyemment hereby reduces/ remits the reates of stamp duty chargeable on the instruments of sale executed by Madhya Pradesh Housing Board, Vikas Pradhikaran, Primary Co-operatiVe Housing Societies and Madhy Pradesh Co- operative Housing Federation Ltd., in relation to the houses/apartments constructed under Self Financing Scheme, subject to the following conditions, namerly :- (a) the chargeable stamp duty shall be exempted/reducted to the xtent of 100 percent, 50 percent and 25 percent for the categories of houses/apartments of Economically Weaker Section, Low Income Group and Middle Income Group respectively. No exemption/reduction shall be granted in cases, of High Income Group Houses/apartments. (b) this exemption/reduction shall be limited only to original allottees under the Self Financing Scheme, (c) For purpose of clause (a), except the Primary Co-operatiVe Housing Societies a necessary certificate shall be given by the said executing institutions, and in relation to the Primary Co-operatiVe Housing Societies an affidavit shall be given by the concerning Co-operatiVe Society. Explanation — For the purpose of this notification, the words “Houses/apartments of economically weeker sections, Low Income Group and Middle Income Group mean such houses/apartments whose maximum plinth area and plot area shall not exceed,”- Category of housing Maximum Plinth area Maximum Plot area (sq. M.) (sq. M.) (1) (2) (3) Economically Weaker Section 30 60 Low Income Group 48 96 Middle Income Group 85 190 Notification N0. (22) —B-4-22-98-C.T.V. dated the 20th August, 1998 — In exercise of the powers conferred by clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899) the State Goyemment hereby remits the Stamp duty chargeable on all kinds of deeds of transfers of Agricultural land executed by a person belonging to Scheduled Tribe in favour of his legal heir/heirs during his life time. Notification N0. (39) B-4—1-97-C.T.V. dated the 19th May, 1999 — In exercise of the powers conferred by caluse (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899), the State Goyemment is pleased — (1) to remit the whole of stamp duty on the instruments of Charter Party (No. 20), Mortgage of crops (No. 41), Note of protest by Master of a ship (No. 44), protest by Master of ship (No. 51) and shipping order (No. 60). (2) to reduce the duty chargeable under clause (f—l) of Article 48 of Schedule l-A to one hundred rupees on a power of attorney in the following cases :- (a) when such power of attorney is given by a principal to his or her real brother/brothers or sister/sisters. (b) when such power of attorney belongs to any immovable property situated outside the State ofMadhya Prades. Notification N0. (48) B-4-45-98-CTD-5 dated the 13th October, 1999 — In exercise of the powers conferred by clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899), the State Government hereby reduces the Stamp duty chargeable on a mortgage deed executed by a “New Industry” to be set up in the field of energy generation and mineral oil refining, for raising capital to set up the industry, to rupees five lacs where the duty payable on such deed exceeds that amount. Explanation — For this purpose, “New Industry” means an industrial unit which has not gone into production before 19-8-1999 and is so certified by the Commissioner of Industries or any Officer appointed by him in this behalf. Notification N0. (35) B-4-20-99-CTD-V dated the 12th July, 2000. — In exercise of the powers conferred by clause (a) of sub-section (1) of Section 9 of the Indian Stamp Act, 1899 (No. II of 1899), the State Goyemment hereby remits the stamp duty chargeable on instruments of lease executed by the Goyemment in favour of Madhya Pradesh State Tourism Corporation in relation to the land on which the units of the said corporation are situated. Notification N0. (51) B-4-21-99-CTD.—V. dated the 10th November,