Anil Agrawal (Retired) 23 December 2008
prof s c pratihar (medical practitioner &legal studies) 23 December 2008
dear mr agarwal,
in my place at saltlake calcutta all software engr staying as paying guest.i have seen one agreement.pls make it a leave and liscence agreement.the license will apply to youthat he wants to stay in your house with your permission.now you make an agreement for 11 months with a fixed premium.at the expiry of 11 months he shall vacatepositively.get this agreement notarised .so it is neither a lease nor a rent.
Anil Agrawal (Retired) 23 December 2008
Dear Sir,
Tks for your prompt response. The point is whether agreement should be got registered by paying registration fee and stamp duty.
Anil
AEJAZ AHMED (Legal Consultant/Lawyer) 24 December 2008
Dear Sir,
Exactly the applicable Licence Agreement you can get registere by paying the applicable Registration Fee and Stamp Duty as per following Table:
1. In case of license of a commercial / industrial shed / house etc. situated in the Bangalore Urban District in the state of Karnataka when a license-deed is executed stamp duty and registration fee is calculated as follows
Sl. No. | Particulars of license | Duty payable | Click on The Schedule to the Karnataka Stamp Act, 1957 Article 32A |
1 | (A) (a) Where rent is fixed and no premium is paid | Rs.550=00 | Article 32A(a)(i) |
(b) (i) Period of license 5 years | Rs.600=00 | Article 32A(a)(ii) | |
(c) (i) Rent fixed is Rs.1,000=00 per month. | Rs.960=00 | Article 32A(a)(iii) | |
(d) (i) Period of license 20 years | Rs.1920=00 | Article 32A(a)(iv) | |
(e) (i) Period of lease 30 years | Rs.2880=00 | Article 32A(a)(v) | |
2 | (B) Where entire rent / premium paid in advance. | 8% for the whole lump sum amount advanced. | Article 32A(b) |
3 | (C) Where entire rent / premium paid in advance in addition to the rent | 8% for the whole lump sum amount advanced. Plus duty as explained at sl.no.1 as the case may be. | Article 32A(c) |
4 | Registration fee | 1% |