Leave & Licence
Querist :
Anonymous
(Querist) 01 February 2010
This query is : Resolved
Where to Register Leave & Licence agreement in Pune?How much will it cost. And what is the procedure.
A V Vishal
(Expert) 01 February 2010
You have to register it with the Registration office where the property is situated. Regarding the cost you have not mentioned the amount of rent, tenure of the agreement. Hence a reply about the same is not possible. I avise you to visit the local registration office from where you can get the complete details.
A V Vishal
(Expert) 01 February 2010
Agreement for Leave and Licence for residential premises only. As per Article 36 A under schedule I of the Bombay Stamp Act, 1958. For Leave & Licence period including renewal is for he period upto 60 months then stamp duty will be as follows :
1. If the Advance rent plus deposit amount is upto 2,50,000/- then stamp duty will be Rs. 750/- for every term of twelve months or part thereof.
2. If the Average Annual Rent, advance rent plus deposit amount exceeding Rs.2,50,000/- but upto Rs. 5,00,000/-
Rs. 1500/- for every term of twelve months or part thereof.
3. If the Average Annual Rent, advance rent plus deposit amount is exceeding Rs. 5,00,000/- but upto Rs. 20,00,000/- Rs. 3000/- for every term of twelve months or part thereof.
4. If the Average Annual Rent, advance rent plus deposit amount is exceeding Rs. 20,00,000/-
Rs. 5,000/- for every term of twelve months or part thereof.
Note : (i) If Leave & Licence period including renewal is for the period more than 60 months stamp duty will be as applicable to Lease Deed as per article 36 of Schedule I of the Bombay Stamps Act, 1958
(ii) If leave & licence agreement is relating other than residency premises.
Twice the agreement of duty charge as residential premises
Registration fees payable : Registration fees is fixed at Rs. 1,000/-
Querist :
Anonymous
(Querist) 03 February 2010
Thanks Vishal and all.But the problem is in Mumbai Rent Act I have read that the stamp duty fees for Mumbai is 1000 Rupees ans for othre District it is 500 rupees.
