It is always advisable to purchase stamp papers from the government from licensed legal stamp sellers. Stamp duty is paid under the Indian Stamp Act of 1899 for non-judicial stamp paper. Clearly, these lawsuits are increasing and delaying in litigation and additional business costs, so it is always advisable to enter into agreements on stamp paper by paying the necessary obligation. The physical transfer of ownership is not considered valid in the eyes of the law. To validate such a real estate transaction, the buyer must pay stamp duty, as proof of the purchase has been provided. Stamp duty is therefore the tax paid by the state at the time of the real estate transaction and has the transfer certificate properly kept in court. Documents that do not have to be registered but must pay stamp duty if they are not notarized and the employee violates any clause in it (say a year ago from the start date of the agreement), how do I proceed with the expense? The Indian Stamp Act, 1899 deals with the registration of agreements/documents in India. The stamp of agreements and documents is desirable because it guarantees legality and validity, applicability and admissibility in the courts, since such agreements can be registered under the 1908 Registration Act, which guarantees its applicability. What value of stamp paper should be used in Kerala to draft a commitment contract of 50,000/-? It must be signed by the employee and a Surety. Is it necessary for it to be notorious? Like contract law in most countries, the Indian Contract Act of 1872 considers that all agreements that meet the essential requirements of free consent, legitimate consideration and lawful purpose are valid and applicable. It is important to note that even oral agreements, which constitute a wide range of contracts in India, are valid contracts under the law, provided they fulfill the essential elements of a contract. The Contracts Act does not make the stamp of agreements mandatory and does not consider that an unstamped agreement/contract is invalid and unenforceable. Agreements therefore do not require a mandatory stamp to be considered legal and valid.
Even if they are not stamped, they will still be enforceable to the parties who have signed the same thing.