The registration fee for a lease in Maharashtra depends on the rent situation. The registration fee is Rs 1,000 if the property is located below an urban business 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 Article 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 binding manner, regardless of the duration of the lease. It is the owner`s responsibility to register the lease, otherwise the lessor will have to pay a fine of 5,000 Ds and expects a prison sentence of up to three months. If the holiday and licence contract is not registered and there is a conflict between the landlord 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 agreement, unless there is evidence to the contrary. For the uninitiated and techno-challenged, there are other gateway services that will help you sign up. There`s a lot of Govt. Licensed e-service service providers that help register your holiday and home license document. They currently offer registration services for holiday documents and commercial and private 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 m2 or more, whether it is a residential business or an industry, it is the same calculation for stamp tax and registration fees (urban or rural). In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. Applicants can pay stamp duty and stamp duty online by generating a Challan voucher online. The calculation of stamp duty is generally based on certain information to be mentioned when registering a property: the basic framework of stamp duty is defined in the Indian Stamp Act of 1899, which allows states to modify the same elements according to their needs. As a result, the Maharashtra government passed the Bombay Stamp Act in 1958. The payment of stamp duty on leave and licensing agreements are covered by Section 36A of the Bombay Stamp Act of 1958. Leave and licence agreement is whether, for one (1) month or eleven (11) months, it is considered 12 months, whether it is 50 sq or more, whether it is a dwelling – industrial or industrial, it is the same calculation for stamp tax and for registration fees, it is different (for urban or rural).