What is the value of 20rs bond paper

246 votes

The stamp duty on non-judicial stamp paper varies from state to state in India and is generally based on the value or nature of the transaction for which the stamp paper is being used. The stamp duty rates for non-judicial stamp paper are specified in the Indian Stamp Act, 1899, and the stamp duty rates may be revised from time to time by the respective state governments.

In Delhi, the stamp duty rates for non-judicial stamp paper are as follows:

• For declarations, undertakings, affidavits, etc. - Rs. 10

• For special power of attorney - Rs. 20

• For general power of attorney/agreement - Rs. 50

• For indemnity bond and guarantee bond - Rs. 100

A special power of attorney is a type of POA that grants the agent the power to act on behalf of the principal for a specific purpose or in a specific matter. For example, a person may grant a special power of attorney to someone else to sell a property on their behalf, to make decisions about their medical treatment, or to handle their financial affairs while they are out of the country.

It is important to note that stamp duty is a legal requirement for certain transactions in India, and failure to pay stamp duty can result in legal consequences. 

LawRato LawRato

788 votes

Non Judicial Stamp paper and Legal Paper (Plain Paper) both are the different terms in aspect of their nature.
On Non Judicial Stamp Paper Magistrate never write the decision of the Case, though Magistrate write the decision on the Legal Paper (Plain Paper).
That is why it is called as Non-Judicial Stamp Paper.The Paper which not be considered as Judicial.
Why Non Judicial Stamp Paper is required and What is the differences between 10 Rs, 20 Rs, and 50 Rs non-judicial stamp paper ?

The Government collects the revenue through the sale of Non-judicial stamp paper.

For each Article there is a Separate stamp duty like -

Stamp Paper of Rs. 10 used for Affidavit, Declaration, Undertaking etc.
Stamp Paper of Rs. 20 for Special Power of Attorney.
Stamp Paper of Rs. 50 for General Power of Attorney/Agreement.
Stamp Paper of Rs. 100 for Indemnity Bond, Guarantee Bond.

Advocate Siddhant Sharma LawRato

54 votes

The value of a 20 Rs bond paper or stamp paper in India depends on its intended use and the legal requirements for specific documents. Here's a breakdown of the typical uses and values of 20 Rs bond paper:

1. Affidavit, Declaration, Undertaking: A 20 Rs stamp paper is commonly used for creating affidavits, declarations, and undertakings required for various legal and official purposes. These documents are often used to make solemn statements or commitments.
2. Special Power of Attorney: If you need to grant someone special power of attorney for specific tasks or transactions, a 20 Rs stamp paper is typically used for drafting this legal document.
3. General Usage: In some cases, a 20 Rs stamp paper may also be used for general purposes, such as rent agreements for durations of up to 11 months.

It's important to note that the value of a stamp paper does not necessarily reflect the financial transaction or commitment involved. Instead, it signifies the denomination of the stamp paper required by law for a particular type of document. The actual monetary value or transaction amount can vary widely based on the content and purpose of the document.
Additionally, the use of stamp papers is subject to regional variations and specific state laws, so it's advisable to consult with a legal expert or local authority to ensure compliance with the applicable regulations.

Advocate Chikirsha Mohanty LawRato

183 votes

A stamp paper worth Rs. A rental agreement with a duration of 11 months can be stamped using Rs. Stamped paper is widely used in the world for collecting taxes on documents that require stamping, such as leases and agreements, receipts, court papers, etc.

Advocate Chikirsha Mohanty LawRato