Section 3: Levy of stamp duty
consolidated text (as at 2017). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
3. Levy of stamp duty
(1) Notwithstanding any other enactment, there shall be levied and paid
to the Registrar-General a stamp duty on every document at the corresponding
rate specified in the Schedule.
(2) The duty specified in subsection (1) shall be paid at the time of registration, transcription, inscription or erasure of inscription, as the case may be.
(3) Where a document is not presented to the Registrar-General within
the delay prescribed by an enactment relating to its registration, transcription
or inscription, or erasure of inscription, a surcharge equal to 50 per cent of
the amount of the duty shall be payable.
(4) Notwithstanding subsections (1) and (3), where, in the case of transfer
of a property under the Real Estate Development Scheme prescribed under the
Economic Development Board Act, duty under the Registration Duty Act is paid
S32 – 1 [Issue 10]
Stamp Duty Act
in any hard convertible foreign currency, the duty leviable under this Act
shall be levied and paid in an amount in that foreign currency equivalent to
the appropriate rupee amount specified in the Schedule.
(5) —
[S. 3 amended by Act 25 of 1994; s. 16 of Act 23 of 2001 w.e.f. 11 August 2001; s. 27 (14) (b)
of Act 33 of 2004 w.e.f. 1 July 2006; s. 4 (h) of Act 4 of 2006 w.e.f. 2 October 2004; s. 28 of
Act 17 of 2007 w.e.f. 22 August 2007; s. 27 of Act 20 of 2011 w.e.f. 16 July 2011; s. 25 (a)
of Act 26 of 2013 w.e.f. 1 January 2014, s. 42 (19) of Act 11 of 2017 w.e.f. 15 January 2018]