Adjudication of Documents for Stamp Duty Purposes
The Registrar, Deputy Registrars and the Assistant Registrar also perform duties as adjudicators of stamp duty under the Stamp Duty Act, Cap. 91, in particular, for the following categories of documents:
Deeds of Covenant
The stamp duty is 1⁄4 of 1% calculated as follows:
Amount of money multiplied by number of years multiplied by 0.01 divided by 4
Example: $500.00 for 3 years
500.00 x 3 x 0.01 /4= $3.75 stamp duty
Powers of Attorney
Under seal – Stamp Duty is twenty-five dollars ($25.00)
Not under seal – Stamp Duty is Ten Dollars ($10.00)
An Agreement
Under seal – Stamp Duty is Fifty dollars ($50.00)
Not under seal – Stamp Duty is Two dollars and fifty cents ($2:50)
Foreclosure Mortgage Deed
Stamp Duty is six dollars ($6.00) for every one thousand dollars ($1,000.00) or
($3.00) for every five hundred dollars ($500.00) or part thereof.