Stamp Duty Rate on Indemnity Bond & Stamp Paper in All States & UTs of India

CS Divesh Goyal 05 Jun 2026 51 Views 0 comment Print Corporate Law | Articles

Summary : Stamp duty on indemnity bonds in India varies significantly across states and Union Territories, as it is governed by state-specific stamp laws and amendments. While many jurisdictions link indemnity bond duty to security bond provisions, others prescribe fixed rates. The most common practical rate is ₹100, applicable in Delhi, Haryana, Gujarat, Uttar Pradesh, Uttarakhand, Odisha, and several UTs. Madhya Pradesh imposes the highest flat duty at ₹1,000, while Maharashtra, Kerala, Karnataka, Jammu & Kashmir, and Tripura levy ₹500 in many cases. Karnataka increased the duty from ₹200 to ₹500 through its 2023 amendment effective February 2024, and Tamil Nadu revised its stamp regime in May 2024, fixing duty at ₹200. The article explains the legal chain linking indemnity bonds to security bond provisions, highlights IEPF reference rates, notarisation requirements, penalties for insufficient stamping, state-wise payment mechanisms, and the importance of verifying current rates before execution due to frequent legislative amendments.

Key observations: Most common rate in practice: Rs. 100 (Delhi, Haryana, Gujarat, UP, Uttarakhand, Odisha and most UTs). Highest flat rate: Madhya Pradesh – Rs. 1,000. Recently revised: Karnataka raised to Rs. 500 (Feb 2024); Tamil Nadu revised rates effective May 2024; Tripura raised to Rs. 500 (2020 Amdt.).

Legend: Flat = Fixed amount regardless of bond value % Based = Percentage of security value Slab/Bond-Linked = Duty = same as Security Bond, which resolves via a slab table for Bond (Article 15) | IEPF Rate = Rate specified by IEPF Authority (Investor Education & Protection Fund) / MUFG for indemnity bonds in IEPF claims.

#	State / UT	Act & Article	Stamp Duty on Indemnity Bond	Rate Type	Security Bond Rate (Linked Provision)	IEPF Rate	Key Notes & Portal
1	Andhra Pradesh South	Indian Stamp (A.P. Amdt.) Acts & Rules Article 34 (Indemnity Bond) read with Article 48 (Security Bond) https://registration.ap.gov.in/	3% of value of security; maximum Rs. 100	% Based	Art. 48 – Security Bond: 3% of security value, max Rs. 100	Rs. 100	Indemnity bond duty = same as Security Bond (Art. 48). IEPF official rate: Rs. 100.
2	Arunachal Pradesh Northeast	Indian Stamp Act (A.P. Amdt.) Act, 2007 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://arunachalpradesh.gov.in/	Rs. 30 if amount > Rs. 1,000; Bond (Art. 15) slab rates if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) rates; > Rs. 1,000 → Rs. 30. Art. 15 slab: Rs. 2–30 for ≤ Rs. 1,000; Rs. 7 per Rs. 500 above.	Rs. 30	Practical rate for most indemnity bonds: Rs. 30.
3	Assam Northeast	Indian Stamp (Assam Amdt.) Act, 2004 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://igr.assam.gov.in/	Rs. 50 if amount > Rs. 1,000; Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) rates; > Rs. 1,000 → Rs. 50. Art. 15: Rs. 10 for ≤ Rs. 500; Rs. 20 for ≤ Rs. 1,000; Rs. 10 per Rs. 500 above.	Rs. 50	IEPF standard rate: Rs. 50.
4	Bihar East	Indian Stamp (Bihar Amdt.) Acts Article 34 read with Article 57 (Security Bond) https://biharregd.bihar.gov.in/	3% of security value; maximum Rs. 1,000	% Based	Art. 57 – Security Bond: 3% of value of security; maximum Rs. 1,000.	Max Rs. 1,000	IEPF: same duty as Security Bond (No. 57), max Rs. 1,000. Physical stamp papers from authorised vendors.
5	Chhattisgarh Central	Indian Stamp (C.G. Amdt.) Acts – Schedule I-A Article 34 read with Article 57 & Article 15 (Bond) https://igrs.cg.gov.in/	Rs. 250 if amount > Rs. 5,000; 2% of amount if ≤ Rs. 5,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 5,000 → Bond (Art. 15) @ 2% of value; > Rs. 5,000 → Rs. 250. Art. 15: 2% of amount secured (rounded to nearest Rs. 10).	Rs. 250	E-stamping via SHCIL available. IEPF rate: Rs. 250.
6	Goa West	Indian Stamp (Goa Amdt.) Acts Article 33 read with Article 57 (Security Bond) & Article 15 (Bond) https://egov.goa.nic.in/goa-stamps/	Rs. 15 if amount > Rs. 1,000; Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs (Rs. 1–12); > Rs. 1,000 → Rs. 15. Art. 15 slab: Rs. 1–12 for ≤ Rs. 1,000; Rs. 8 per Rs. 500 above.	Rs. 15	Practical rate for most bonds: Rs. 15.
7	Gujarat West	Bombay Stamp Act, 1958 (as adopted by Gujarat) Article 29 (as amended by Gujarat Stamp Amdt. Act, 2006) https://igrsgujarat.gov.in/	Rs. 100 (flat)	Flat	N/A – Article 29 prescribes a direct fixed rate of Rs. 100.	Rs. 100	Flat Rs. 100 irrespective of bond amount. E-stamping via GRAS portal.
8	Haryana North	Indian Stamp (Haryana Amdt.) Act, 2018 Article 34 (Indemnity Bond) https://jamabandi.nic.in/	Rs. 100 (flat)	Flat	N/A – Article 34 (Haryana) prescribes Rs. 100 flat.	Rs. 100	Flat Rs. 100. One of the most commonly reported rates. E-stamping via SHCIL.
9	Himachal Pradesh North	Indian Stamp Act, 1899 – Schedule I-A (as applicable to H.P.) Article 34 (Indemnity Bond) https://himachal.nic.in/	Rs. 15 (statutory); Rs. 100 (IEPF / practical)	Flat	N/A – Article 34 (H.P.) prescribes Rs. 15 flat. IEPF updates to Rs. 100 for practical purposes.	Rs. 100	Statutory rate: Rs. 15. IEPF / MUFG document directs Rs. 100 for H.P. Verify current rate with local stamp office before execution.
10	Jammu & Kashmir UT (since 2019) (UT)	J&K Stamp Act, 1977 (as amended by Act No. XII of 2011) Article 28 (Indemnity Bond) read with Article 49 (Security Bond) https://jkigrams.nic.in/	Rs. 500 (flat via Security Bond Article 49)	Flat	Art. 49 – Security Bond: Rs. 500 flat.	Rs. 500	Art. 28 = Indemnity Bond → same duty as Security Bond (Art. 49) = Rs. 500. One of the higher flat rates. UT since August 2019.
11	Jharkhand East	Indian Stamp Act (Jharkhand adaptation) Article 34 (Indemnity Bond) https://regd.jharkhand.gov.in/	Rs. 200 (IEPF rate); Statutory: 3% of value, max Rs. 1,000	% Based	Follows Bihar-type Security Bond: 3% of value, max Rs. 1,000.	Rs. 200	IEPF practice: Rs. 200 stamp paper. Statutory rate follows Bihar pattern (3% of value, max Rs. 1,000). Verify locally.
12	Karnataka South	Karnataka Stamp Act, 1957 (as amended by Karnataka Stamp (Amdt.) Act, 2023 – in force Feb 3, 2024) Article 29 (Indemnity Bond) read with Article 47 (Security Bond or Mortgage Deed) https://igrs.karnataka.gov.in/	Rs. 500 (post-Feb 2024); Rs. 200 (pre-Amdt.)	Flat	Art. 47 (post-2024 Amdt.): < Rs. 1,000 → Rs. 2 per Rs. 100 or part thereof; ≥ Rs. 1,000 → Rs. 500. (Pre-2024: < Rs. 1,000 → Re. 0.50 per Rs. 100; ≥ Rs. 1,000 → Rs. 200).	Rs. 200 (pre-2024); Rs. 500 (post-2024)	IMPORTANT: Karnataka Stamp (Amdt.) Act 2023 (notified Feb 3, 2024) revised indemnity bond duty to Rs. 500 under Art. 29 read with Art. 47(b). Previously Rs. 200. Kaveri 2.0 portal or franking at sub-registrar’s office.
13	Kerala South	Kerala Stamp Act, 1959 (as amended by Kerala Finance Act, 2019) Article 32 (Indemnity Bond) read with Article 50 (Security Bond) https://keralaregistration.gov.in/	Rs. 500 (if amount > Rs. 1,000); 5% of amount if ≤ Rs. 1,000	% Based	Art. 50 – Security Bond: ≤ Rs. 1,000 → 5% of amount secured; > Rs. 1,000 → Rs. 500.	Rs. 500	Maximum effective duty: Rs. 500. No e-stamping in Kerala — physical non-judicial stamp paper only.
14	Madhya Pradesh Central	Indian Stamp (M.P. Amdt.) Acts – Schedule I-A Article 37 (Indemnity Bond) https://mpigr.gov.in/	Rs. 1,000 (flat)	Flat	N/A – Article 37 (M.P.) prescribes a direct fixed rate of Rs. 1,000.	Rs. 1,000	Flat Rs. 1,000 — highest flat rate for indemnity bonds in India. MPIGR e-stamping portal available.
15	Maharashtra West	Maharashtra Stamp Act, 1958 (formerly Bombay Stamp Act) Article 35 (as amended by Maharashtra Stamp (Amdt.) Act, 2015) https://igrmaharashtra.gov.in/	Rs. 500 (flat)	Flat	N/A – Article 35 (Maharashtra) prescribes a direct flat rate of Rs. 500.	Rs. 500	Flat Rs. 500. Maharashtra has its own standalone Stamp Act (not Indian Stamp Act). Payment via GRAS Mahakosh portal (gras.mahakosh.gov.in).
16	Manipur Northeast	Indian Stamp (Manipur Amdt.) Act, 1979 & Second Amdt. Act, 2011 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://manipur.gov.in/	Rs. 18 (if amount > Rs. 1,000); Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs (up to Rs. 18 for Rs. 901–1,000); > Rs. 1,000 → Rs. 18.	Rs. 100	Bond slabs (Art. 15): Rs. 0.30–Rs. 18 for amounts up to Rs. 1,000; Rs. 9 per Rs. 500 above. IEPF practice: Rs. 100 stamp paper.
17	Meghalaya Northeast	Indian Stamp (Meghalaya Amdt.) Act, 1993 & 2020 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://meghalaya.gov.in/	Rs. 30 (if amount > Rs. 1,000); Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs; > Rs. 1,000 → Rs. 30. Art. 15 slab: Rs. 2–30 for ≤ Rs. 1,000; Rs. 17 per Rs. 500 above.	Rs. 100	Statutory rate: Rs. 30. IEPF practice: Rs. 100 stamp paper.
18	Mizoram Northeast	Indian Stamp (Mizoram Amdt.) Act, 1996 Article 34 (Indemnity Bond) https://mizoram.gov.in/	Rs. 5 (statutory); Rs. 100 (IEPF / practical)	Flat	Follows base ISA 1899 rates.	Rs. 100	Statutory rate: Rs. 5. IEPF directs Rs. 100 stamp paper for practical compliance. Verify current rate locally.
19	Nagaland Northeast	Indian Stamp (Nagaland Amdt.) Acts, 1989/1999/2004 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://nagaland.gov.in/	Rs. 24.75 (if amount > Rs. 1,000); fractional paise-based slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: > Rs. 1,000 → Rs. 24.75; ≤ Rs. 1,000 → Bond (Art. 15) slabs (e.g. Rs. 0.45 for ≤ Rs. 10; Rs. 24.75 for Rs. 901–1,000); Rs. 12.30 per Rs. 500 above Rs. 1,000.	Rs. 100	Unique fractional paise-based rates. IEPF practice: Rs. 100 stamp paper. Physical stamp papers from authorised vendors.
20	Odisha East	Indian Stamp (Odisha Amdt.) Acts & Rules Article 34 (Indemnity Bond) https://igrodisha.gov.in/	Rs. 100 (minimum stamp); Registration fee 2% + user fee Rs. 75 if registered	Flat	Minimum stamp: Rs. 100.	Rs. 100	Minimum stamp: Rs. 100. Additional registration fee of 2% and user fee of Rs. 75 may apply if bond is registered.
21	Punjab North	Indian Stamp (Punjab Amdt.) Acts Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://igrs.punjab.gov.in/	Rs. 15 (if amount > Rs. 1,000); Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: > Rs. 1,000 → Rs. 15; ≤ Rs. 1,000 → Bond (Art. 15) rates. Art. 15: Rs. 10 for ≤ Rs. 500; Rs. 20 for ≤ Rs. 1,000; Rs. 10 per Rs. 500 above.	Rs. 100	Statutory rate: Rs. 15. IEPF practice: Rs. 100. E-stamping via SHCIL in Punjab.
22	Rajasthan North	Rajasthan Stamp Act, 1998 Article 32 (Indemnity Bond) read with Article 50 (Security Bond) https://igrs.rajasthan.gov.in/	0.5% of amount; min Rs. 200 (0.1% effective after rebate notification dated 21.03.1998)	% Based	Art. 50 – Security Bond: 0.5% of amount secured; min Rs. 200. Rebate notification (21.03.1998) reduces effective rate to 0.1%.	Rs. 200	Effective rate 0.1% post-rebate. IEPF: Rs. 200 minimum. e-Panji yan portal for e-stamping.
23	Sikkim Northeast	Indian Stamp Act, 1899 (Sikkim) Article 34 (Indemnity Bond) https://sikkim.gov.in/	Rs. 5 (statutory); Rs. 100 (IEPF / practical)	Flat	Follows base ISA 1899 rates.	Rs. 5 (statutory) / Rs. 100 (IEPF)	Statutory rate: Rs. 5. IEPF directs Rs. 100 stamp paper for practical compliance. Verify current rate locally.
24	Tamil Nadu South	Tamil Nadu Stamp Act, 2019 (as amended by T.N. Stamp (Amdt.) Act, 2023, effective May 3, 2024) Article 29 (Indemnity Bond) https://tnreginet.gov.in/	Rs. 200 (flat)	Flat	N/A – Article 29 of T.N. Stamp Act, 2019 prescribes Rs. 200 flat.	Rs. 200	Tamil Nadu Stamp Act 2019 replaced Indian Stamp Act for TN. T.N. (Amdt.) Act 2023 revised rates effective May 3, 2024. TNIGRS e-stamping portal.
25	Telangana South	Indian Stamp (Telangana Amdt.) Acts Article 34 read with Article 48 (Security Bond) https://registration.telangana.gov.in/	3% of security value; maximum Rs. 500	% Based	Art. 48 – Security Bond: 3% of value of security; maximum Rs. 500.	Rs. 500	Similar to Andhra Pradesh but maximum is Rs. 500. IEPF rate: Rs. 500. Registration via Telangana portal.
26	Tripura Northeast	Indian Stamp (Tripura Fifth Amdt.) Act, 2020 Article 34 read with Article 57 (Security Bond) https://revenue.tripura.gov.in/	Rs. 500 (Security Bond flat rate post-2020 amendment)	Flat	Art. 57(b) – Security Bond (Tripura 2020 Amdt.): Rs. 500 flat for any amount secured.	Rs. 500	Tripura Fifth Amdt. Act 2020 significantly raised rates. Previously nominal Rs. 5. IEPF current rate: Rs. 500.
27	Uttar Pradesh North	U.P. Stamp Act, 2008 Article 33 (Indemnity Bond) read with Article 55 (Security Bond) https://igrsup.gov.in/	Rs. 100 (if amount > Rs. 100); Rs. 10 if amount ≤ Rs. 100	Slab/Bond-Linked	Art. 55 – Security Bond: ≤ Rs. 100 → Rs. 10; > Rs. 100 → Rs. 100.	Rs. 100	Effectively Rs. 100 for all standard indemnity bonds. IEPF rate: Rs. 100. E-stamping via IGRSUP portal.
28	Uttarakhand North	Indian Stamp Act (Uttarakhand Amdt.) Acts Article 34 read with Article 57 (Security Bond) https://registration.uk.gov.in/	Rs. 100 (if amount > Rs. 100); Rs. 10 if amount ≤ Rs. 100	Slab/Bond-Linked	Art. 57 – Security Bond (Uttarakhand): ≤ Rs. 100 → Rs. 10; > Rs. 100 → Rs. 100.	Rs. 100	Same structure as UP. Effectively Rs. 100 for all standard bonds. Physical stamp papers from authorised vendors.
29	West Bengal East	Indian Stamp (W.B. Amdt.) Acts – Schedule I-A Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://wbregistration.gov.in/	Rs. 50 (if amount > Rs. 1,000); Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs (Rs. 2–40 for ≤ Rs. 1,000); > Rs. 1,000 → Rs. 50. Art. 15: Rs. 2 for ≤ Rs. 50 up to Rs. 40 for ≤ Rs. 1,000; Rs. 20 per Rs. 500 above.	Rs. 100	Practical rate: Rs. 50. IEPF practice: Rs. 100 stamp paper. Payment via WB Registration portal.
30	Delhi (NCT) Union Territory (UT)	Indian Stamp (Delhi Amdt.) Acts Article 34 (Indemnity Bond) https://revenue.delhi.gov.in/	Rs. 100 (flat)	Flat	N/A – Article 34 (Delhi) prescribes Rs. 100 flat.	Rs. 100	Flat Rs. 100 — the most widely used rate across India for indemnity bonds. SHCIL portal for e-stamping in Delhi.
31	Chandigarh Union Territory (UT)	Punjab Stamp Act (as extended to Chandigarh UT) Article 34 read with Article 57 https://chandigarh.gov.in/	Rs. 100 (IEPF practice); statutory follows Punjab – Rs. 15	Flat	Follows Punjab Security Bond structure: > Rs. 1,000 → Rs. 15.	Rs. 100	IEPF directs Rs. 100 stamp paper for Chandigarh. Statutory rate follows Punjab pattern (Rs. 15). Verify locally.
32	Dadra & Nagar Haveli and Daman & Diu Union Territory (UT)	Indian Stamp (Goa, Daman & Diu Amdt.) Act, 1968 (as amended) Article 33 read with Article 57 & Article 15 https://dnh.nic.in/	Rs. 15 (if amount > Rs. 1,000); Bond slab if ≤ Rs. 1,000	Slab/Bond-Linked	Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs (Rs. 1–12); > Rs. 1,000 → Rs. 15. Art. 15: Rs. 1–12 for ≤ Rs. 1,000; Rs. 8 per Rs. 500 above.	Rs. 100 each	Follows Goa/Daman & Diu pattern. Merged UT (since 2020). IEPF rate: Rs. 100.
33	Andaman & Nicobar Islands Union Territory (UT)	Indian Stamp Act, 1899 (Central Act – extended to A&N Islands) Article 34 (Indemnity Bond) https://andaman.gov.in/	Rs. 100 (IEPF rate)	Flat	Follows Central ISA 1899 rates.	Rs. 100	IEPF standard rate: Rs. 100 stamp paper. Central ISA rates apply.
34	Lakshadweep Union Territory (UT)	Indian Stamp Act, 1899 (Central Act – extended to Lakshadweep) Article 34 (Indemnity Bond) https://lakshadweep.gov.in/	Rs. 100 (IEPF rate)	Flat	Follows Central ISA 1899 rates.	Rs. 100	IEPF standard rate: Rs. 100 stamp paper. Centrally governed UT.
35	Puducherry Union Territory (UT)	Indian Stamp (Pondicherry Amdt.) Acts / Pondicherry Stamp Act, 1970 Article 34 (Indemnity Bond) https://regn.py.gov.in/	Rs. 22.50 (statutory); Rs. 100 (IEPF / practical)	Flat	N/A – direct rate under Pondicherry Stamp Act.	Rs. 100	Statutory rate: Rs. 22.50. IEPF directs Rs. 100. Pondicherry Stamp Act, 1970 governs. Verify current rate locally.

Page Contents

How Indemnity Bond Stamp Duty Works: The Article Chain
Notable Recent Amendments
Payment Methods
Key Reference Links

How Indemnity Bond Stamp Duty Works: The Article Chain

1. Most states follow a 3-step chain: Indemnity Bond (Article 34) → ‘same duty as Security Bond’ → Security Bond Article → either a % of value or ‘same duty as Bond (Article 15)’ for smaller amounts → Article 15 slab rates.

2. Article 15 (Bond) slab rates: These are small, graded amounts based on the amount secured. For amounts over Rs. 1,000, most states switch to a flat or % rate under Article 57 (Security Bond).

3. States with standalone rates (bypassing the Article chain): Gujarat (Art. 29 – Rs. 100), Haryana (Art. 34 – Rs. 100), Maharashtra (Art. 35 – Rs. 500), Madhya Pradesh (Art. 37 – Rs. 1,000), Tamil Nadu (Art. 29 of T.N. Stamp Act – Rs. 200).

4. IEPF (Investor Education & Protection Fund) Reference: The IEPF Authority publishes a state-wise stamp duty reference for indemnity bonds filed with claims. This is a reliable practical reference for standard indemnity bonds and is included as the ‘IEPF Rate’ column above.

5. Stamp Paper Validity: Non-judicial stamp paper must not be more than 6 months old from the date of purchase at the time of execution of the bond.

6. Notarisation: All indemnity bonds should be notarised by a Notary Public with official seal, notarial fee stamps, and registration details. Banks and RTOs may not accept un-notarised bonds.

7. Penalty for Non-Stamping or Short-Stamping: Under Section 35 of the Indian Stamp Act, an insufficiently stamped document is inadmissible in court. Penalty under Section 62 may extend to 10 times the deficient stamp duty.

Notable Recent Amendments

Karnataka Stamp (Amendment) Act, 2023 (notified Feb 3, 2024): Raised indemnity bond stamp duty from Rs. 200 to Rs. 500 under Article 29 read with Article 47(b). Security Bond rate for ≥ Rs. 1,000 also raised from Rs. 200 to Rs. 500. Affidavit duty raised from Rs. 20 to Rs. 100.
Tamil Nadu Stamp Act, 2019 as amended by Indian Stamp (Tamil Nadu Amendment) Act, 2023 (effective May 3, 2024): Revised stamp duty rates on various instruments. Indemnity bond: Rs. 200 flat (Article 29). Replaced the old Indian Stamp Act for Tamil Nadu.
Tripura – Indian Stamp (Tripura Fifth Amendment) Act, 2020: Significantly revised Security Bond rate (Article 57) to Rs. 500 flat, making the indemnity bond rate Rs. 500 in Tripura.
Madhya Pradesh: Article 37 prescribes Rs. 1,000 flat — this is the highest flat stamp duty for indemnity bonds in India.

Payment Methods

Maharashtra: GRAS Mahakosh portal (gras.mahakosh.gov.in). SHCIL is not the applicable platform for Maharashtra stamp duty.
Delhi, Punjab, Haryana, Chandigarh: SHCIL e-stamping portal (shcilestamp.com) or physical non-judicial stamp papers from authorised vendors.
Karnataka: Kaveri 2.0 e-stamping portal (kaveri2.karnataka.gov.in) or franking at sub-registrar’s office.
Gujarat, Rajasthan: GRAS / e-Panji yan portal respectively, or SHCIL. E-stamping available.
Kerala: Physical non-judicial stamp paper only — no e-stamping facility in Kerala.
Tamil Nadu: TNIGRS portal (tnreginet.gov.in) for e-stamping.
Uttar Pradesh: IGRSUP portal (igrsup.gov.in) for e-stamping.
Madhya Pradesh: MPIGR portal (mpigr.gov.in) for e-stamping.
All other states: Physical non-judicial stamp papers from authorised/licensed stamp vendors. Franking machines at sub-registrar offices may also be available.

Disclaimer: Stamp duty laws are dynamic and subject to state-level amendments. The rates shown reflect data compiled from the Indian Stamp Act, respective State Stamp Acts, and the IEPF reference sheet. Always verify the current applicable rate with the respective State Registration & Stamps Department or a qualified legal professional before execution of any bond. Karnataka and Tamil Nadu have undergone recent revisions (2024) which may not yet be fully reflected in all published compilations.

Key Reference Links

Indian Stamp Act, 1899 – Full Text (India Code): https://www.indiacode.nic.in/
Corporate-Cases.com – Stamp Duty on Indemnity Bond (All States): https://www.corporate-cases.com/2016/02/stamp-duty-on-indemnity-bond.html
IEPF / MUFG State-wise Stamp Duty Reference for Indemnity Bonds: https://web.in.mpms.mufg.com/admin/DownloadFiles/IEPF_INDEMNITY.pdf
Karnataka Stamp (Amdt.) Act 2023 – Lex ology Analysis: https://www.lexology.com/library/detail.aspx?g=2973c551-20f4-4473-9797-b8f68aa58c1d
Tamil Nadu Stamp (Amdt.) Act 2023 – JSA Analysis: https://www.jsalaw.com/newsletters-and-updates/recent-amendments-made-to-the-stamp-duty-payable-on-various-instruments-in-tamil-nadu/
Maharashtra Stamp Act – GRAS Portal: https://gras.mahakosh.gov.in/echallan/
SHCIL e-Stamping Portal: https://www.shcilestamp.com/

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Stamp Duty Rate on Indemnity Bond & Stamp Paper in All States & UTs of India

#

State / UT

Act & Article

Stamp Duty on Indemnity Bond

Rate Type

Security Bond Rate (Linked Provision)

IEPF Rate

Key Notes & Portal

1

Andhra Pradesh South

Indian Stamp (A.P. Amdt.) Acts & Rules Article 34 (Indemnity Bond) read with Article 48 (Security Bond) https://registration.ap.gov.in/

3% of value of security; maximum Rs. 100

% Based

Art. 48 – Security Bond: 3% of security value, max Rs. 100

Rs. 100

Indemnity bond duty = same as Security Bond (Art. 48). IEPF official rate: Rs. 100.

2

Arunachal Pradesh Northeast

Indian Stamp Act (A.P. Amdt.) Act, 2007 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://arunachalpradesh.gov.in/

Rs. 30 if amount > Rs. 1,000; Bond (Art. 15) slab rates if ≤ Rs. 1,000

Slab/Bond-Linked

Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) rates; > Rs. 1,000 → Rs. 30. Art. 15 slab: Rs. 2–30 for ≤ Rs. 1,000; Rs. 7 per Rs. 500 above.

Rs. 30

Practical rate for most indemnity bonds: Rs. 30.

3

Assam Northeast

Indian Stamp (Assam Amdt.) Act, 2004 Article 34 read with Article 57 (Security Bond) & Article 15 (Bond) https://igr.assam.gov.in/

Rs. 50 if amount > Rs. 1,000; Bond slab if ≤ Rs. 1,000

Slab/Bond-Linked

Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) rates; > Rs. 1,000 → Rs. 50. Art. 15: Rs. 10 for ≤ Rs. 500; Rs. 20 for ≤ Rs. 1,000; Rs. 10 per Rs. 500 above.

Rs. 50

IEPF standard rate: Rs. 50.

4

Bihar East

Indian Stamp (Bihar Amdt.) Acts Article 34 read with Article 57 (Security Bond) https://biharregd.bihar.gov.in/

3% of security value; maximum Rs. 1,000

% Based

Art. 57 – Security Bond: 3% of value of security; maximum Rs. 1,000.

Max Rs. 1,000

IEPF: same duty as Security Bond (No. 57), max Rs. 1,000. Physical stamp papers from authorised vendors.

5

Chhattisgarh Central

Indian Stamp (C.G. Amdt.) Acts – Schedule I-A Article 34 read with Article 57 & Article 15 (Bond) https://igrs.cg.gov.in/

Rs. 250 if amount > Rs. 5,000; 2% of amount if ≤ Rs. 5,000

Slab/Bond-Linked

Art. 57: ≤ Rs. 5,000 → Bond (Art. 15) @ 2% of value; > Rs. 5,000 → Rs. 250. Art. 15: 2% of amount secured (rounded to nearest Rs. 10).

Rs. 250

E-stamping via SHCIL available. IEPF rate: Rs. 250.

6

Goa West

Indian Stamp (Goa Amdt.) Acts Article 33 read with Article 57 (Security Bond) & Article 15 (Bond) https://egov.goa.nic.in/goa-stamps/

Rs. 15 if amount > Rs. 1,000; Bond slab if ≤ Rs. 1,000

Slab/Bond-Linked

Art. 57: ≤ Rs. 1,000 → Bond (Art. 15) slabs (Rs. 1–12); > Rs. 1,000 → Rs. 15. Art. 15 slab: Rs. 1–12 for ≤ Rs. 1,000; Rs. 8 per Rs. 500 above.

Rs. 15

Practical rate for most bonds: Rs. 15.

7

Gujarat West

Bombay Stamp Act, 1958 (as adopted by Gujarat) Article 29 (as amended by Gujarat Stamp Amdt. Act, 2006) https://igrsgujarat.gov.in/

Rs. 100 (flat)

Flat

N/A – Article 29 prescribes a direct fixed rate of Rs. 100.

Rs. 100

Flat Rs. 100 irrespective of bond amount. E-stamping via GRAS portal.

8

Haryana North

Indian Stamp (Haryana Amdt.) Act, 2018 Article 34 (Indemnity Bond) https://jamabandi.nic.in/

Rs. 100 (flat)

Flat

N/A – Article 34 (Haryana) prescribes Rs. 100 flat.

Rs. 100

Flat Rs. 100. One of the most commonly reported rates. E-stamping via SHCIL.

9

Himachal Pradesh

North

Indian Stamp Act, 1899 – Schedule I-A (as applicable to H.P.) Article 34 (Indemnity Bond) https://himachal.nic.in/

Rs. 15 (statutory); Rs. 100 (IEPF / practical)

Flat

N/A – Article 34 (H.P.) prescribes Rs. 15 flat. IEPF updates to Rs. 100 for practical purposes.