Lease Deed Registration.

Querist : Anonymous (Querist) 17 January 2010 This query is : Resolved
Is the stamp duty to be calculated on the Average Annual Rent or on the Total Annual Rent. I received two answers to my query and hence this doubt.According to Mr.Ramesh it is 1% on the Rent and according to Mr.A.V.Vishal it is on the Average Annual Rent if the lease is for more than one year.

Also, pl enlighten if service tax is also to be added, where it is applicable.

Pl clarify.

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A V Vishal (Expert) 17 January 2010
I have given the information as per the details available on the Registration website of Govt of TN: http://www.tnreginet.net/english/dutyfees.asp

Raj Kumar Makkad (Expert) 17 January 2010
I do agree with vishal.

adv. rajeev ( rajoo ) (Expert) 18 January 2010
Total annual rent.

B K Raghavendra Rao (Expert) 18 January 2010

Rental Agreements for a period of one year or more need to be registered. A part of a month is calculated as a month. Therefore, if rental agreement is for more than eleven months, it needs to be registered. In Karnataka amount calculated for the purpose of stamp duty is the total rent and the rental advance paid if any.

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