Respected Members,
My Query is pertaining to Art 36 Schedule I of The Bombay Stamp Act, 1958. As per various terms and conditions of lease for land, there is portion of amount which has been paid one time as compensation towards use of land for lease period , its non refundable and remaining portion of amount to be paid upfront towards lease rent amount per year of the said deed, now, while calculating Stamp Duty of the said lease deed. Lease period is 50 yrs. whether all these amounts has to be consider or other amount i.e. Market value need to be consider.
If available then, please give ref of Judgment of High/ Supreme court, if any on this issue, clarifying the calculation of stamp duties for the Lease Deed.
Thanks
Mahesh
