Question

In legal and banking documentation, how is Ad Valorem stamp duty calculated when executing high-value legal instruments such as Mortgage Deeds or Conveyance Deeds?

A As a fixed, flat fee regardless of the loan amount or transaction value.
B As a variable percentage based directly on the total loan quantum or property valuation.
C As a mandatory annual recurring tax levied by the Reserve Bank of India.
D As a nominal charge based solely on the total number of pages in the agreement.
E As a fee payable exclusively through physical non-judicial stamp papers.
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