With the Maharashtra Rent Registration Department, which orders law enforcement agencies to verify ONLY registered L-L agreements, let`s consider some of the long-term benefits of document registration, despite the apparently high costs: … The parties would separately execute the required legal documents in the form of the Leave and License Agreement for each site/place and the cost of those documents, including the registration and registration of the… The registration and stamp duty was agreed by the petitioners. In accordance with clause 14 of the aforementioned agreement, it was clearly foreseen that the aforementioned agreement and the lease and licensing agreement… License, the parties are not entered into a lease and license agreement, but has put in place the payment agreement of … Stamp paper is permitted as proof of the payment of duties and penalties under sections 35 or 37 of the Stamp Act of 1899. If an agreement is executed on a simple piece of paper, … there is no reason why an agreement executed on two stamp papers, even defective, cannot be accepted against payment of the tax and …a) The sales contract (A-1) was not executed on stamp paper currently purchased, but on two stamp papers, one of which on 25.8.1973 in the name of Thiruvengadam has… For the uninitiated and technologically challenged, there are other home door services that help you register. There`s a lot of Govt.
licensed e-service service providers who help register your vacation and home license document. They currently provide registration services for commercial and residential vacation and licensing documents. The formula for calculating stamp duty on the lease is 0.25% x D, of which D (monthly rental x number of months) – (pre-rent for the period/non-refundable down payment) – (10% x refundable deposit x number of years of contract). It is the owner`s responsibility to register the lease, otherwise the lessor may have to pay a fine of 5,000 Ds and expect a prison sentence of up to three months. If the leave and licence contract is not registered and there is a dispute between the lessor and the tenant, the contractual terms invoked by the tenant are considered to be the actual and correct conditions under which the property was granted to the tenancy, unless there is evidence to the contrary. If you. B enter into a leave and licence contract for 24 months, with a monthly rent of Rs 25,000 and a refundable deposit of five Lakhs, you must pay a stamp duty of Rs 1,750 (with 0.25% on the rental of Rs six Lakhs for two years and Rs a Lakh for two years).