Legal Question in Wills and Trusts in India

10.05.2012

Dear Sir / Madam,

Section 307 - The stamp duty for Succession certificates issued under the Indian Succession Act, 1925, should be levied on the market value of the properties and not on the face value. Before issuing the certificate, the Judge should ascertain what the market value of the properties is and recover the duty on such value. He should for this purpose insist on a affidavit and make such other enquiry as may be necessary. The certificates should be issued in the form set forth in Schedule VIII of the Act. The last column of the form should be

correctly filled in.

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Regards,