Comment on the following: Attestation, Registration and Stamp Duty on Agreements.

Attestation It is not necessary for an agreement to be attested by any witness. But agreements are usually attested by one witness. Where registration is desired the agreement should be attested by two witnesses. Registration Agreements not relating to immovable property and agreements not creating an interest in immovable property are not compulsorily registrable. Only agreements creating an interest in immovable property worth more than ₹100 are required by law to be registered. Stamp Duty For the purpose of stamp duty, agreements are covered by Article 5 of Schedule I of the Indian Stamp Act, 1899. The stamp duty for different kinds of agreements varies from State to State. While drafting an agreement the draftsman should ascertain the proper stamp duty with regard to the amendments made in the Stamp Act of the concerned State where the agreement is to be executed.