s 18 Duties on foreclosure orders
Subject to section 17, a decree or order for, or having the effect of an order for foreclosure in respect of mortgaged property shall be chargeable with duty as if it were a conveyance of such property on sale: Provided that— (a) the ad valorem stamp duty upon any such decree or order shall not exceed the duty on a sum equal to the value of the property to which the decree or order relates, and where the decree or order states that value such statement shall be conclusive for the purpose of determining the amount of the duty; and (b) where ad valorem stamp duty is paid upon such decree or order, any conveyance following upon such decree or order shall be exempt from the ad valorem stamp duty.