You are required to pay stamp duty for documents executed for a sale and purchase of property. Stamp duty will be computed on the purchase price or market value of the property (whichever is the higher amount).
The first instrument executed relating to a sale and purchase is liable to ad valorem duty (i.e. full duty). Subsequent document(s), relating to the same sale transaction, is liable to nominal duty.
As announced in Budget 2011, nominal duty has been removed for subsequent document executed on and after 19 February 2011. If the subsequent document is executed before 19 February 2011, nominal duty remains payable.
If you have:
Stamp duty rates and computation
Person liable to pay stamp duty
Stamp duty payment modes
Stamping location
If you fail to stamp, stamp late or stamp insufficiently
Removal of Fixed and Nominal Duties
e-Stamping