Hi, I am letting out a commercial property for rent. This is 36 months rental agreement. I am getting different direction with respect to registration. One advocate is saying that this needs to be registered with the sub-registrar paying 1% of the rental value + security deposit as the stamp duty and then with the rent control authority. While the other advocate is saying this needs to be registered only with the rent control authority paying a registration fee of 1% of the rental value or Rs 25,000 which ever is less. It would be helpful if someone can throw some light into the registration requirement and the stamp duty and registration charges. Thanking in advance.
Regards,
-Srini
