Section 29 – Duties By Whom Payable

In the absence of an agreement to the contrary, the expense of providing the proper stamp shall be borne -

1. in the case of any instrument described in any of the following Articles of Schedule I, namely:
   1. No. 2. (Administration Bond),
   2. No. 6 (Agreement relating to Deposit of Title-deeds, Pawn or Pledge),
   3. No. 13 (Bill of exchange),
   4. No. 15 (Bond),
   5. No. 16 (Bottomry Bond),
   6. No. 26 (Customs Bond),
   7. No. 32 (Further charge),
   8. No. 34 (Indemnity-Bond),
   9. No. 40 (Mortgage-deed),
   10. No. 49 (Promissory-note),
   11. No. 55 (Release),
   12. No. 56 (Respondentia Bond),
   13. No. 57 (Security-bond or Mortgage-deed),
   14. No. 58 (Settlement),
   15. No. 62 (c). (Transfer of any interest secured by a bond, mortgage-deed or policy of insurance),
   - by the person drawing, making or executing such instrument;
2. in the case of a policy of insurance other than fire-insurance - by the person effecting the insurance;
3. in the case of a policy of fire-insurance - by the person issuing the policy;
4. in the case of a conveyance (including re-conveyance of mortgaged property) by the grantee; in the case of a lease or agreement to lease - by the lessee or intended lessee;
5. in the case of a counterpart of a lease - by the lessor;
6. in the case of an instrument of exchange including swap - by the parties in equal shares,
7. in the case of a certificate of sale - by the purchaser of the property to which such certificate relates;
8. in the case of an instrument of partition - by the parties thereto in proportion to their respective shares in the whole property partitioned or, when the partition is made in execution of an order passed by a Revenue-authority or Civil Court or arbitrator, in such proportion as such authority, Court or arbitrator directs.
9. in the case of sale of security through stock exchange, by the buyer of such security;
10. in the case of sale of security otherwise than through a stock exchange, by the seller of such security;
11. in the case of transfer of security through a depository, by the transferor of such security;
12. in the case of transfer of security otherwise than through a stock exchange or depository, by the transferor of such security;
13. in the case of issue of security, whether through a stock exchange or a depository or otherwise, by the issuer of such security; and
14. in the case of any other instrument not specified herein, by the person making, drawing or executing such instrument.

STATE AMENDMENT

Uttarakhand

Amendment of section 29

In Section 29 of the Principal Act, -

1. In clause (a), after the words (and figures, "No. 40 (Mortgage deed)), " the words and figures "No. 43 (Note or memorandum), " shall be inserted;
2. after clause (f), the following clause shall be inserted, namely, -
   1. "'(f-f) in the case of an Instrument of Gift by the donee;"

Vide Uttarakhand Act 1 of 2016, s. 4