According to Supreme Court Judgement dated 19-02-2008 in the case of Thiruvengada Pillai vs. Navaneethammal and Anr., the stamp papers do not have any expiry period. Relevant extract from SC judgement is reproduced herein below:
The Indian Stamp Act, 1899, nowhere
prescribes any expiry date for use of a stamp paper. Section 54 merely
provides that a person possessing a stamp paper for which he has no
immediate use (which is not spoiled or rendered unfit or useless), can
seek refund of the value thereof by surrendering such stamp paper to the Collector
provided it was purchased within the period of six months next
preceding the date on which it was so surrendered. The stipulation of
the period of six months prescribed in Section 54 is only for the
purpose of seeking refund of the value of the unused stamp paper, and
not for use of the stamp paper. Section 54 does not require the person
who has purchased a stamp paper, to use it within six months. Therefore,
there is no impediment for a stamp paper purchased more than six months
prior to the
proposed date of execution, being used for a document.
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