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Stamp Duty and Registration for Rent Agreement in Mumbai


We are the online real estate portal to buy, sell and rent properties in Navi Mumbai, Mumbai and Thane. We can help you buy a property at affordable prices in the desired location. For more information, call us at +91 8433959100 In Maharashtra, the registration fee is Rs 1000 if the property is located in the municipal area. In Maharashtra, holiday and licensing agreements must be stamped with a fixed stamp duty rate of 0.25% of the total rent for the period. In the event that a non-refundable deposit is also paid to the owner, a stamp duty of the same amount will also be levied on these non-refundable deposits. Housing.com introduced a fully digital and contactless service to create leases. If you want to complete the formalities quickly and easily, you just need to fill in the details, create the rental agreement online, digitally sign the contract and stamp it electronically in seconds. In Article 36(A)(a), …… (i) in column 1, the words `sixty months` shall be replaced by the words `thirty-three months`; (ii) in columns 1 and 2, the words `twelve months` shall be replaced by the words `eleven months`; From 1 May 2013, the new stamp duty rates will apply to holiday and licensing contracts. 1) In other words, if stamp duty is indicated on a document ₹ 101 or more up to ₹ 149, then ₹ 100 is due. 2) If the amount of stamp duty is ₹ 150 or more up to ₹ 199, ₹ 200 is due. How to calculate stamp duty on public holidays and license agreement in Maharashtra? We have tried to explain it in a simple way so that it is easy to understand.

1. (R) Rent 12000/- [monthly rent] 2. (m) Month 12 [months] 3. – (TR) Mr President, ladies and gentlemen Total rent =(R) x (M) 144000 = 12000 x 12. – (RD) Mr President, ladies and gentlemen The refundable deposit is 10% 10000 = 100000 x 10% 5th (NRD) Non-refundable deposit 24000 / – 6th – (TA) Mr President, colleagues Tax base = (RD) + (NRD) + (TR) 178000 = 10000 + 2400 + 144000 7th (TA) x 0.25% 8th (SD) Stamp duty = (TA) x 0.25% 445 = 178000 x 0.25% 9. (DSR) Rounded stamp duty (under subsection 2 of section 70 of the M.S. Act 1958) 400 (Rounded Stamp Duty) The basic structure of stamp duty is set out in the Indian Stamp Act 1899, which empowers states to modify it according to their needs. As a result, the Government of Maharashtra passed the Bombay Stamp Act in 1958.

Payment of stamp duty on public holidays and licensing agreements falls under section 36A of the Bombay Stamps Act 1958. The responsibility for registering the lease rests with the owner of the property. However, tenants must ensure that the lease is registered to avoid complexity in the event of a dispute. The Indian Stamp Act of 1899 established the basic structure of the stamp duty and allowed governments to modify it according to their needs. As a result, the Government of Maharashtra passed the Bombay Stamp Act in 1958. Section 36A of the Bombay Stamp Act 1958 regulates the payment of stamp duty on public holidays and licensing agreements. Therefore, it is advisable to register the rental agreement with the sub-registration office. You can register the rental agreement in Maharastra online or offline. You must first calculate the applicable stamp duty and registration fee for the rented property. For this visit (efilingigr.maharashtra.gov.in/ereg/) The formula for calculating stamp duty on the rental agreement is 0.25% x D, where D (monthly rent x number of months) + (Anticipated rent for the period / non-refundable deposit) + (10% x Refundable deposit x Number of years of the contract). People used to pay a large sum in the form of an interest-free deposit with minimal rent to minimize the frequency of stamp duty.

This gap has been closed, and now, in cases where the owner charges a refundable deposit, a fictitious annual interest rate of 10% is applied to that interest-free deposit, and you must pay stamp duty on that interest at the same rate for each year of the license term. However, for Maharashtra, the law has been strengthened and according to the provisions of section 55 of the Maharashtra Rent Control Act 1999, any rental or holiday agreement and license must be in writing and the same must also be compulsorily registered, regardless of the duration of the rental. .

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