Stamp Duty Rent Agreement 11 Months

Stamp Duty Rent Agreement 11 Months

For example, if you enter into a 24-month vacation and license agreement with a monthly rent of 25,000 rupees and a refundable deposit of five Lakh Rs, you will have to pay a stamp duty of 1,750 rupees (0.25% on the rent of six Lakhs for two years and interest on one lakh for two years). The formula for calculating the stamp duty on the rental contract is 0.25% x D, the D (monthly rent x number of months) + (pre-rental for the period / non-refundable deposit) + (10% x refund x number of years of contract). If the rental period is extended to one year or more, the parties to the transaction must pay stamp duty and registration fees. In accordance with section 17 of the Registration Act 1908, the registration of contracts for the lease of immovable property is compulsory from year to year or for a period longer or reserved for an annual rent. .

No Comments

Sorry, the comment form is closed at this time.