Hi,
I am letting out my property for a 3 year rent at the rate of Rs 7000 PM and advance of Rs 75000
In this case what will be the registration and SD fee? As per this link https://www.tnreginet.net/english/faq.asp
SD is 1 % on the total amount
Reg is 1% subject to a maximum of Rs.5000/-
My doubt is this 1% is
1. 1% of monthly rent
2. 1% of annual rent
3. 1% of total rent (7000*36)
4. 1% of total rent + advance.
Thanks,
Prabhu
