Leave & Licence
Reetu Dwivedi
(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
Already replied in your other post.
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/-
