In force · As amended up to 2026-08
147. Duty on transfer of property and method of assessment thereof.— (1) Save as otherwise provided in this Act,[1] [[2] [the Corporation]] shall levy a duty on transfers of immovable property situated within the limits of[3] [[4] [Delhi]] in accordance with the provisions hereafter in this section contained.
(2) The said duty shall be levied —
1. Subs. by Delhi Act 12 of 2011, s. 2 "the Corporation" (w.e.f. 13-1-2012).
2 . Subs. by Act 10 of 2022, s. 2, for "a Corporation" (w.e.f. 22-5-2022).
3. Subs. by Delhi Act 12 of 2011, s. 2, for "Delhi" (w.e.f. 13-1-2012).
4. Subs. by Act 10 of 2022, s. 2, for "the area of the Corporation" (w.e.f. 22-5-2022).
(a) in the form of a surcharge on the duty imposed by the Indian Stamp Act, 1899 (2 of 1899) as in force for the time being in the Union territory of Delhi, on every instrument of the description specified below, and
(b) at such rate as may be determined by[1] [[2] [the Corporation]] not exceeding five per cent, on the amount specified below against such instruments: —
|Description of instrument|Description of instrument||Amount on which duty should be levied|Amount on which duty should be levied|
|---|---|---|---|---|
|(i) Sale of immovable property.|||The amount or value of the consideration for the||
||||sale, as set forth in the instrument.||
|(ii) Exchange of immovable property.|||The value of the property of the greater|value, as|
||||set forth in the instrument.||
|(iii) Gift of immovable property.|||The value of the property, as set forth in the||
||||instrument.||
|(iv) Mortgage with possession of|||The amount secured by the mortgage as set forth||
|immovable property.|||in the instrument.||
|(v) Lease in perpetuity of|immovable||The amount equal to one-sixth of the whole||
|property.|||amount or value of the rent which would be||
||||paid or delivered in respect of the first fifty||
||||years of the lease as set forth in the instrument.||
|3[(vi)<br>Contract<br>for|transfer|of|<br>Ninety percent of the value of the consideration for||
|immovable property|||the transfer as set out in the contract.]||
Source: India Code