S.PRANOYSHUBHRA (Advocate) 31 January 2009
V.Satya venkatarao (EX Executive Director IFCI) 31 January 2009
The duration of the lease for which the deed is executed will be crucial in determining whether the lease deed is required to be registered or not. As a general principle it can be said that if leases exceed a duartion of 11 months , it is necessary to register the same. However there can be some exemptions granted by the state govts under certain circumstances
rajini (Lawyer ) 31 January 2009
under the transfer of property act every lease traction as to registrered under the indian regitration act 1908 if the property value is more than Rs: 100. if you want more details kindly read the provisions under the Transfer Of Property Act 1882
S.PRANOYSHUBHRA (Advocate) 31 January 2009
Thank for taking out the time and replying to my query, The lease is for a period of three years and the Lessor want the Lease Deed to be registered.
A V Vishal (Advocate) 01 February 2009
Mr Pranoy:
The lease deed can be registered, however the lessee shall have to pay additional fee by way of penalty for delay in registration.The relevant provisions under the Indian Registration Act as amended in A P State is as under:
When the delay does not exceed one week after the expiration of time allowed for presentation or appearance. | A fine equal to the registration fee. |
When the delay exceeds one week but does not exceed one calendar month. | A fine equal to twice the registration fee |
When the delay exceeds one month but does not exceed two months. | A fine equal to twice the registration fee |
When the delay exceeds two months but does not exceed four months | A fine equal to ten times the registration fee. |
Prakash Yedhula (Lawyer) 02 February 2009
Within FOUR Months from the date of execution, the document should be presented.
RAKHI BUDHIRAJA ADVOCATE (LAWYER AT BUDHIRAJA & ASSOCIATES SUPREME COURT OF INDIA) 24 February 2009
Mr. Y. Parkash is absolutely right. I do agree with him.
Sumita (HR) 06 March 2009
Good Morning,
I have some doubts on registration, if one could please clear them for me.
Overview: Basically i need to sign a lease deed for 11 months but i want this registered. The owner is not agreeing for a lease deed for 3 years, he wants the agreement renewed every term. I am also paying him a deposit for 10 months.
Now, can some one tell me the different ways of getting this registered.
A V Vishal (Advocate) 07 March 2009
Dear Sumita:
In A P it is now mandatory to get a deed of 11months to be registered in the sub registrar's office. Both the lessor and lessee have to present themselves before the Sub Registrar to have the deed executed. For different periods of leases the stamp duty is different. In your case,
The provisions of sections 5,6,20,21,25, 41-A and 47-A of the Indian Stamp Act, 1899 (II of 1899) shall mutatis mutandis apply to calculations of value for the purposes of determining the registration fee and its collection.
At the total rent when the lease is for one year or less;
BHANU RASPUTRA (ADVOCATE & SOLICITOR divyatta.r@gmail.com) 11 March 2009
agree with LR FRIEND VISHAL VIEW.
V.Satya venkatarao (EX Executive Director IFCI) 11 March 2009
The registration of a document as per the Indian Registration Act is required to be registered within 4 Months from the date of execution and if the same is not done within the said period,the registration may be done within a further period of four months
Rao
S.PRANOYSHUBHRA (Advocate) 11 March 2009
Dear Sumita
it is not at all compulsory to get your document registered and even if you dont get it registered still it is valid and will always considered to be an authentic one, by the way you can get the document notarised.
Swami Sadashiva Brahmendra Sar (Nil) 16 March 2009
all earlier ansers are true. they should be read in combination.
Sumita (HR) 18 March 2009
Hi All,
Thank you for your replies.
Now i have an understanding of what needs to be done.
Thanks