The stamps featuring the new 'Pataudi Trophy' and the BCCI logo, alongside an England Lion, will be available in commemorative sheets of 10 stamps and two first day match covers.
The Pataudi Trophy embedded in the stamp is in honour of Nawab of Pataudi who in 1932 played for both England and India.
The first cover of the stamp, an artwork of MCC's young artist Karen Neale, shows the match day view from Lord's Edrich Stand, while the second has a montage by Clare Pollitt taken from the collection of noted cricket historian Boria Majumdar.
The collection will be on display at Lords from July 19 for a period of three months.
A limited number of 500 stamps for each cover will be issued and is priced at 10 pound per issue.