Stamp duty for lease registration in chennai

Please refer Article 35 of Tamilnadu Stamp Duty Act.  According to the said Article, Lease where the period of lease is below thirty years, stamp duty payable is One rupee for every Rs. 100 or part thereof of the amount of rent, fine, premium or advance, if any payable.

In your case, since you will be paying Rs. 710000 + 4970000 the stamp duty will work out to be Rs. 5680000x 1 divided by 100 = Rs. 56800/-