Amendment status not verified — confirm the current text below against the official source.
(1) The Indian Stamp Act, 1899 (hereinafter referred to as the principal Act) shall, in its application to West Bengal, be amended for the purpose and in the manner hereinafter provided. (2) In Schedule lA to the principal Act, in article 23, in the column under the heading "Proper stamp-duty", for the words "Five per centum of the market values.", the following letters, words and brackets shall be substituted:— "(a) six per centum of the market value when the property is situated in the areas within the jurisdiction of any Municipal Corporation or Municipality or a notified area; (b) five per centum of the market value when the property is situated in the areas other than those included in clause (a).".