What is Non Judicial Stamp Paper?

A non-judicial stamp paper is generally relevant when it comes to transactional agreements between non-judicial parties. Got too technical? Well, I know it is a little difficult to understand what is non judicial stamp paper. But don’t worry I will take you through its meaning and how is it different from a judicial stamp paper.

Before we get deeper into what is non judicial stamp paper, I would like to take a moment to quickly explain about judicial stamp papers. 

Judicial stamp papers are used in court for legal purposes like paying court fee. A judicial stamp paper allows transactions to happen without cash. I hope so far you have an idea about judicial stamp paper. 

As I mentioned before, it is used for transactional agreements. What are these transactional agreements, you must be wondering. Well, here is a quick list:

• Affidavit

• An immovable property agreement like rental agreement, lease agreement, Sale agreement

• Power of Attorney (POA), General power of attorney (GPA), Special power of attorney (SPA)

• Business agreements like partnership agreement, Investment agreement, loan agreement, etc.

Non judicial stamp papers carry a stamp duty. The amount of this stamp duty is determined by the type of transaction and stamp duty as decided by the state. 

A non judicial stamp paper can be found in a cooperative bank, court, sub-registrar’s office, and authorised stamp vendors.  

I hope all your doubts around what is judicial stamp paper, and where can you find it are clear now.

The

non judicial stamp paper meaning

is a special type of paper used in India and various other countries to create legally binding documents or agreements.

These stamp papers are notarized by the government. It is used to pay the stamp duty required for certain types of legal and financial transactions.

Many legal and financial documents, such as sale deeds, property agreements, leases, power of attorney, affidavits, promissory notes, and various contracts, require the use of a non-judicial stamp paper to be considered legally valid.

These are available in various denominations, depending on the stamp duty amount required for the specific transaction.

It can be purchased from authorized stamp vendors, government treasuries, or designated banks.

It should be used to draft the agreement or document.

There are two types of non-judicial stamp papers: adhesive stamps and impressed stamps. Adhesive stamps are purchased as stickers and affixed to the document. Impressed stamps are embossed or printed directly onto the paper.

Some documents also require registration in addition to being executed on a non-judicial stamp paper.

They have a validity period during which they must be used.

This is all about the

non judicial stamp paper meaning.

Read more