Stamp Duty on LLP Agreement – Comparative analysis for 31 States

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The LLP agreement must be drafted by professionals to ensure accuracy. It must include all details regarding various applicable rules & regulations. Every LLP agreement must be stamped to ensure authenticity. The applicant needs to take the printout of the agreement on the non-judicial stamp paper to serve this purpose.

The agreement must be initialed on every page and full signature on the last page along with the name and date of the partners. The agreement also needs to be signed by 2 witnesses along with their full name, occupation, and address.

The stamp duty varies from state to state and depends on the capital contributed by partners. Here’s an illustrative list of applicable stamp duties depending upon state and contribution.

Capital Contribution(in Rs.)

SR. NO.

STATE NAME

UPTO RS. 1 LAKHS

BETWEEN RS. 1- 5 LAKHS

BETWEEN RS.  5-10 LAKHS

MORE THAN RS. 10 LAKHS
1. Andhra Pradesh 500 500 500 500
2. Arunachal Pradesh 100 100 100 100
3. Assam 100 100 100 100
4. Bihar 2,500 5,000 5,000 5,000
5. Chhattisgarh 2,000 2,000-5,000 5,000 5,000
6. Dadra and Nagar Haveli 1000 2000-5000 5000 5000
7. Daman and Diu 150 150 150 150
8. Goa 1,000 2,000-5,000 6,000-10,000 10,000
9. Gujarat 1,000 2,000-5,000 6,000-10,000 10,000
10. Haryana 1,000 1,000 1,000 1,000
11. Himachal Pradesh 100 100 100 100
12. Jammu Kashmir 100 100 100 100
13. Jharkhand 2,500 5,000 5,000 5,000
14. Karnataka 1000 1000 1000 1000 + (500 For Every 5 Lakh Increase)
15. Kerala 5,000 5,000 5,000 5,000
16. Madhya Pradesh 2,000 2,000-5,000 5,000 5,000
17. Maharashtra 1% of Capital(minimum of 500) 1% of Capital 1% of Capital 1% of Capital(15000 Max)
18. Manipur 100 100 100 100
19. Meghalaya 100 100 100 100
20. Mizoram 100 100 100 100
21. Nagaland 100 100 100 100
22. New Delhi 1,000 2,000-5,000 5,000 5,000
23. Orissa 200 200 200 200
24. Punjab 1,000 1,000 1,000 1,000
25. Rajasthan 4000 (50,000 or below: 2000) 4,000 to 10,000 (2000 on multiple of Rs. 50000) 10,000 10,000
26. Sikkim 100 100 100 100
27. Tamil Nadu 300 300 300 300
28. Tripura 100 100 100 100
29. Uttar Pradesh 750 750 750 750
30. Uttarakhand 750 750 750 750
31. West Bengal 150 150 150 150
 
 
*the stamp duty mentioned above is of illustrative nature and subject to change from time to time.

Check out our article for 10 Important Steps to be taken Immediately after Incorporation of LLP – https://udyogbuddy.com/10-important-steps-after-incorporation-of-llp/ which will give you more clarity for post-incorporation compliances for newly incorporated LLP.

At Udyog Buddy, our team of professionals will help you seamlessly Incorporate your LLP and start your dream business with hand-holding support and affordable price. Apply now and get a Quote for LLP – https://udyogbuddy.com/contact-page/