The registration fee for a rental contract in Maharashtra, depends on the location of the rental. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff. if this is the case in a rural area. In the absence of a contrary agreement, the tenant bears the costs of stamp duty and registration. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. For the uninitiated and technologically challenged, there are other home door services that help you register. There`s a lot of Govt. licensed e-service service providers who help register your vacation and home license document. They currently offer registration services for commercial and residential vacation documents and licenses. Leave and licensing agreements are, whether for one (1) month or eleven (11) months, it is treated as 12 months, whether it is 50 sq or more, whether it is a residential business or an industry, it is the same calculation for stamp tax and for registration fees it is otherwise (urban or rural).
Stamp duty is the tax collected as compensation for the validity of your agreements. Stamp duty for different documents varies from state to state. As a general rule, for leave and licensing agreements, it is up to the licensee/lesser to pay the recommended stamp duty for the contract. In accordance with Article 36 A of the Bombay Stamp Act of 1958, stamp duty for leave and licensing agreements is 0.25% of the amount of tax calculated under the following formula imposed by the Maharashtra government – stamp duty: Bombay HC stamp duty cannot be collected for past transactions. Now you can use our machine on your mobile device and tablet. Stamp Duty Ready Reckoner Calculator also included other important computational tools such as credit calculators, surface calculators, mortgage mortgage calculators for stamp duty calculation and registration fees and leave and license calculator for the Maharashtra State Only. Applicants can pay stamp duty and stamp duty online by generating a Challan voucher online. The calculation of stamp duty is usually calculated on the basis of certain indications that must be mentioned when registering a property: each state in India has its own unique scale to levy taxes on stamps and we have made the computer available to our users so that they can calculate the stamp duty on holidays and the licensing agreement for the Maharashtra State. Under Section 17 of the Indian Registration Act, which applies to all of India, any real estate lease agreement must be registered from year to year or for a period of more than one year. Therefore, unless otherwise required by national law, any leave and licence contract must be registered for a period of 12 months or more.
The registration of leave and licences is mandatory under Section 55 Maharashtra Rent Control Act, 1999 (MAH. ACT NR. 18 von 2000) (w.e.f. 31-3-2000) Section 55. The lease must be registered. 1. Notwithstanding the provisions of this Or other statutes, any leave and licensing or lease agreement between the lessor and the tenant or licensee is registered in writing and in accordance with the 1908 Registration Act, after the commencement of this Act.