What is a non-judicial stamp paper? Why is it required? What are differences between 10 Rs, 20 Rs, and 50 Rs non-judicial stamp papers?
Stamp papers that would be used for execution of documents are called non judicial stamp papers Non-judicial stamp use to execute like following documents, Affidavit An immovable property agreement like rental agreement, lease agreement, Sale agreement Power of Attorney (POA), General power of attorney (GPA), Special power of attorney (SPA) Business agreements like partnership agreement, Investmnebt agreement, loan agreement, etc. There is no visible difference between 10Rs, 20Rs, and 50Rs non-judicial stamp paper, all non-judicial stamp papers look like same but the stamp duty amount differ (we circled stamp duty in below image for your consideration) For different document title, different stamp duty is application For Example : Affidavit: Rs. 20 stamp duty Rental agreement: Rs. 100 Lease agreement: Rs. 200/- Power of attorney: Rs. 200–500/- Sale agreement : 0.1% of consideration value Non-judicial stamp paper available near you at the following places Co-operative bank Co...