Stamp Duty Calculator For Leave And License Agreement In Mumbai

The registration of leave and licences is in accordance with section 55 Maharashtra Rent Control Act, 1999 (MAH). ACT NO. 18 of 2000) (w.e.f. 31-3-2000) § 55. The lease must be registered. 1. Notwithstanding the provisions of these or other statutes, any holiday and licence or rental agreement between the lessor and the lessee or licensee shall be registered in writing and in accordance with the Registration Act 1908 after the entry into force of this Act. 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. 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.

Stamp duty is a tax levied by the state governments of Maharashtra and which relates to the rental of the property for a transitional period not exceeding 60 months, u/s 36A of List I of the Bombay Stamp Act, 1958. Registration fees vary depending on the property in urban or rural areas on vacation and in license agreement. In Article 36(A)(a)(a)(i) in column 1, for the words `thirty-three months`, the words `sixty months` shall be replaced by the words `sixty months`. (ii) in columns 1 and 2, the words `eleven months` shall be replaced by the words `twelve months`. From 1 May 2013, the new stamp duty rates apply to leave and licence agreements. . . .