Stamp Duty Payable On Rent Agreement In Delhi

    Expiration of the rental agreement: 1. Prepare the contract (it is recommended to have the rental agreement drawn up by a good lawyer for the documentation, who can ensure that the document contains all the relevant provisions.) 2. Print the agreement on the stamp paper of reasonable value. 3. Both parties should sign the agreement in the presence of two witnesses 4. Register at the Sub-Registrar`s office after payment of a reasonable fee. For the 1-4 year lease, you must purchase stamps worth 2 percent of the total annual rent. A deposit of 100,000 people must also be paid. Q.

    What is the stamp duty rate to pay for a rental agreement? I did it. Stamp duty must be paid with 2% of the average annual rent for leasing up to 5 years and 3% of the average annual rent for a stay of more than 5 years but up to 10 years. The table below shows the approximate total cost of registering leases with a term of 3 years, 6 years and 9 years for the different monthly instalments:- Description of the parties to the lease agreement – Duration of the lease – Duration of the rent to be paid – Date and method of payment of the lease – Residential or commercial rental – Deposit and interest, if applicable – Additional facilities of the lessor – Monthly maintenance costs and who supports them – Other costs such as taxes and parking fees they pay – access to terraces and common areas without common areas – If Delhi has abandoned traditional stamp paper systems and completely converted to the e-stamping system operated by stock Holding Corporation of India (SHCIL). . . .