<h1>Stamp Duty Act Revamped: Lower Rates for Small Loans, Higher Caps for Large Transactions, Streamlined Administrative Processes</h1> The Gujarat government has implemented amendments to the Stamp Duty Act effective April 10, aimed at reducing public rates and improving administrative processes. Key changes include capping stamp duty at Rs 5,000 for loans up to Rs 1 crore, increasing maximum duty for large loans, and introducing fixed rates for lease agreements and additional collateral. The amendments also address stamp duty recovery, penalties for underpayment, and provisions for ancestral property document corrections.