Rental agreement stamp paper
Querist :
Anonymous
(Querist) 20 September 2024
This query is : Resolved
Namaste sir
May i know,, What should be the stamp paper value to execute rental agreement in Bangalore India
Secondly who has to obtain rental agreement stamp paper by paying money
Request to clarify my above doubt
Regards
Narahari
T. Kalaiselvan, Advocate
(Expert) 20 September 2024
The stamp value can be at Rs. 100 for rental agreement if the agreement is for 11 months only.
The stamp paper to be bought by the tenant
T. Kalaiselvan, Advocate
(Expert) 20 September 2024
The value of stamp paper for a rental agreement in Bangalore depends on the length of the agreement and the annual rent plus deposit:
For agreement less than one year:The stamp duty is 0.5% of the annual rent plus deposit, or Rs 500, whichever is lower. Registration is not required in this case.
For rental agreement between 1 year and 10 years: The stamp duty is 1% of the annual rent plus deposit, or Rs 500, whichever is lower.
Beyond 10 years but less than 20 years: The stamp duty is 2% of the annual rent plus deposit, or Rs 500, whichever is lower.
The minimum value of stamp paper for a rent agreement is Rs 50, but it can go up to Rs 1000. The most common value is Rs 100.
kavksatyanarayana
(Expert) 20 September 2024
Yes. I agree with the advice of the above expert Sri Kalaiselvan sir as per the new amendment. The stamp duty is payable by the lessor for the lease.
Querist :
Anonymous
(Querist) 22 September 2024
Thank you very much sirs
Regards
Narahari
