Section 52 Stamp Duties Act

Section 52 of Stamp Duties Act 1939 is about Meaning of “conveyance on sale”. It provides as follows:

(1) For the purposes of this Act, the expression “conveyance on sale” includes-
(a) every instrument, and every decree or order of any court whereby any property, or any estate or interest in any property, upon the sale thereof is transferred to or vested in a purchaser, or any other person on his behalf or by his direction;

(b) a decree or order for, or having the effect of an order for foreclosure.

(2) Notwithstanding subsection (1) of this section-
(a) the ad valorem duty upon any such decree or order shall not exceed the duty on a sum equal to the value of the property to which the decree or order relates, and where the decree or order states that value that statement shall be conclusive for the purpose of determining the amount of the duty; and

(b) where ad valorem duty is paid upon such decree or order, any conveyance following upon such decree or order shall be exempt from the ad valorem duty.

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