Stamp duty on personal guarantee in maharashtra

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This query is : Resolved

ram gurbani (Querist)

16 January 2013 Dear Sir
My query is what is the stamp duty on personal guarantee taken by bank in maharashtra

whether it is Rs. 100 or different.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

25 July 2025 In Maharashtra, **stamp duty on a personal guarantee** (such as a bank guarantee given by an individual) is governed by the **Maharashtra Stamp Act**.

### Key points:

* For **personal guarantee instruments**, the usual **stamp duty is Rs. 100** (a fixed duty), as per the Maharashtra Stamp Act.
* This applies when an individual or firm provides a guarantee to a bank or any other party.
* If the guarantee is executed as a **registered document**, additional registration fees may apply.

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### Summary:

| Instrument | Stamp Duty (Maharashtra) |
| ------------------ | -------------------------- |
| Personal Guarantee | Rs. 100 (fixed stamp duty) |

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### Additional notes:

* If the guarantee is part of a larger loan or security agreement, check if the loan agreement itself attracts stamp duty based on its loan amount.
* It is advisable to **stamp the guarantee document before execution** to avoid penalty or inadmissibility as evidence.

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If you want, I can help you locate the exact relevant section or help draft a note for stamping your personal guarantee document. Would you like that?

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