Although each stamp paper has a monetary value, it cannot be treated as a negotiable instrument or exchanged as a banknote. The document is used for the authenticity of official agreements. Documents with legal implications, such as lease, purchase and sale of real estate, commercial/contractual contracts, loan/financial transactions, power of attorney, sworn insurance, statutes, statutes, loan of compensation, declaration, mortgage and gift certificate are executed, among other things, on stamp documents in order to make them legitimate and legally enforceable. In the past, Hundi papers have been used in changing sola. Instead of the old Hundi papers, special adhesive pads are now used. Hundi Valuable Papers – Rs.1 Rs.1.50 Rs 2.50 Rs.4 Rs.5 and Rs.10 are available. Another popular rental method is long-term rental. A lump sum is paid in the form of a one-time deposit for a fixed period or a fixed term of tenancy, such as 2 years or 3 years. The tenant or tenant does not pay monthly rent. At the end of the rental period, the owner must repay the entire interest-free deposit. In the case of a long-term lease, the advantage is that there is no trouble paying a monthly rent and that this type of rent can save a lot of money. There may be maintenance, electricity and water costs that must be paid regularly. It is also advisable to purchase court and extrajudicial stamp papers from state-authorized stamp sellers.
Section 54 of the Indian Stamp Act states that if you do not need stamp paper that you have purchased, it can be deposited with the collector within six months of the date of purchase. In such cases, you will receive a refund of the purchase value after deducting 10 per cent of the amount. The stamp documents must be acquired on behalf of one of the parties to the contract or transaction. The stamp paper refers to a crazy-leaf paper bearing a pre-printed sales stamp. Stamp papers are not postal paper. It has often been used to impose taxes on documents that need to be marked, such as leasing, receipts, agreements and many other court documents. The papers are made up of the pre-printed stamp and are purchased empty.