Dear all,
I'm suresh and ahead to take a home for lease at Nerkundram, Chennai for Rs.2.5 lakhs. I like to know some informations and legal complication on that. I agreed to make an agreement for period of 11 months and the owner said it can be renewed for another 11 months also. I want to know either the agreement has to be done with 20Rs stamp paper or 50Rs stamp paper, which will be legally forced. have it to be registered?
For the part of witness i have my colleage and my father in law, for owner side he said no need of witness because he is sole ownership of the property. Shall i agree with this point.
And where i've to get the stamp paper(i.e the stamp vendor should belongs to the house located area?).
I'll be thankfull for a valid advice, because i got little fear to give my hardly earned money of 2.5 lakhs.