DEVESH KUMAR (MANAGER) 23 January 2014
DEAR SIR,
WE HAVE HIRE A PREMISES ON RENT FOR OUR BANK ATM. WE HAVE TO EXECUTE LEASE DEED FOR THE SAME FOR 5 YEARS WITH AN OPTION FOR FURTHER 5 YEARS . MONTHLY RENT IS RS. 2750.00 FOR 5 YEARS AND RS 3162.00 FOR NEXT FIVE YEARS ( OPTION PERIOD ) AND ADVANCE PAYMENT OF 3 MONTHS RENT. KINDLY TELL US THE AMOUNT OF STAMP DUTY PAYBALE FOR THE SAME. THE PROPERTY IS IN A/P KASEGAON , TAL WALWA , DISTT SANGLI (MAHARASHTRA )
Thanking you,
MANAGER
CANARA BANK
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 24 January 2014
Stamp Duty in Maharashtra (governed by the Bombay Stamp Act, 1958)
The stamp duty on the lease agreements to be executed in the State of Maharashtra is governed by Article 36 read with Article 25 of Schedule 1 to the Act. So, any Lease transaction executed in Maharashtra will be stampable on the rates mentioned in Article 36 read with Article 25.
batool100 (I love this movie) 24 January 2014
in the Bombay Stamp Act in Section 2(n)
T. Kalaiselvan, Advocate (Advocate) 24 January 2014
I endorse the views of the learned exerts above.
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