Stamp duty on lease agreements in uttar pradesh

Monica Bansal (Querist) 22 March 2013 This query is : Resolved
Hi Experts,

My query is:

I want to know how a stamp duty is calculated on a lease property in the state of Uttar Pradesh. The monthly rent would be Rs. 20/Sq ft and the area is 1,00,000 sq ft. The property is at Sector-62 Noida.

Follow Query

Report Abuse

Sankaranarayanan (Expert) 22 March 2013
It differ. But calculate the monthly amount x12. Then find the duty of the amount

Monica Bansal (Querist) 23 March 2013
Thanks Mr. Sankar,

But can you please explain in a bit detail.

ajay sethi (Expert) 23 March 2013
every state has its own stamp act . check the provisions of Up stamp act

prabhakar singh (Expert) 23 March 2013
It would be valued as rent * period of tenancy,here it would be Rs. 20,00,000/=00 per month* number of months;rate of stamp duty would vary for number of years of lease.Registration would be must if lease is made for more than twelve months.