Stamp Duty For Rent Agreement In Maharashtra

The registration fee for a lease in Maharashtra depends on the location of the rented property. The registration fee is Rs 1,000 if the property is located under a communal territory and it is Rs 500, if it is the same in a rural area. In the absence of an agreement to the contrary, the costs of stamp duty and registration are the responsibility of the tenant. in the context of the purchase of units in a system by an investor of a real estate developer, if the investor sells the unit, compensation for the tax paid on the transfer tax provided for in Article 25 The rate of stamp duty for holiday and licence contracts shall be the same for residential premises and for commercial premises. The leave and licence contract may be concluded for a maximum period of 60 months. 4.6 The date of issue of the stamp document must not exceed 6 months from the date of the transaction. However, for Maharashtra, the law has been made stricter and, in accordance with the provisions of section 55 of the Maharashtra Rent Control Act, 1999, any lease or leave and licence agreement must be in writing and it must also be registered compulsorily, regardless of the duration of the tenancy. 4.7 Any person who bears and pays stamp duty is the matter of the agreement between the parties. In the absence of such an agreement, the law provides that in the event of a transfer, the tax must be paid by a buyer and, in the case of a lease, by the tenant. In the case of obligations, release, settlement, it must be paid by the person who manufactures or pulls the instrument. In the event of an exchange, it must be paid equally by the parties and, in the event of division, by the parties in relation to their respective shares. In all other cases, it must be paid by the person who performs the act.

₹ 500 + 0.5% of the order value on ₹ 10 lakhs. The maximum tax is ₹ 25 Lakh holidays and license agreement is that one deals for one (1) month or for eleven (11) months of 12 months, whether it is 50 square feet or more, whether it is housing/commercial or industrial costs, it is the same calculation for stamp duty and for registration fees, it`s different (for cities or countryside). 4.8 Stamp duty shall be paid at the rates set out in Annex I. Depending on the instrument, it can be based on market value, surface area or various other criteria. In the case of instruments based on the market value of the immovable property, the term means, for each immovable property that is the subject of an instrument, the price that the property would have obtained if it were sold on the open market at the time of the execution of that instrument or if the consideration indicated in the instrument was indicated, whichever was higher. . . .

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