The Indian Stamp Act, 1899 mandates stamp duty payment on property transactions, agreements, and financial instruments. It ensures government revenue collection while providing legal validity to documents.

• Stamp Duty Charge: Paid during sales, mortgages, and leases.
• Legal Admissibility: Unstamped documents are invalid in court.
• State-Wise Variations: Rates differ across states.
• Revenue Generation: Funds public services and infrastructure.

Stamp duty legitimizes property transfers, preventing disputes and enabling smooth legal recognition of agreements.