For the registration of the contract, you need some basic documents of the tenant, the owner and witnesses, such as a passport photo, a photocopy of the proof of identity (for example. B PAN card) and the electricity bill or the real estate document such as index II or tax proof of the rented property. Section 52 of the Indian Easements Act of 1882 defines leave and licence agreements. The notary can be done on Rs 100 stamp paper and on 500 rupees of stamp paper, but the stamp paper can vary depending on the rent, which means that if the rent is less than Rs 15000, then we can use 100 rupees of stamp paper and if the rent is more than Rs 15000, we have to use 500 rupees of stamp paper. Our computer allows you to calculate fees on a case-by-case basis. The declarant or sub-registrar usually checks the entire document and checks the stamp duty and registration fees paid by e-Challan. It also verifies whether the PoA holder is duly authorized and has the necessary powers to sign and register the agreement on behalf of the owner. Once passed the Registrar or Sub-Registrar with all the things mentioned above, the same agreement is registered by granting a unique registration document number accompanied by the thumbprint and stamp of the SRO, receipt of payments and index-2 of the authorized premises The applicant can pay the taxes and stamp duties online by creating a challan receipt online. The calculation of stamp duty is usually based on some information to be mentioned when registering a property: the notarial lease form is not mandatory and usually serves for mutual understanding.
They can be easily printed on stamp paper and shown to the official, just check and confirm it. For example, if you enter into a 24-month vacation and license agreement with a monthly rent of 25,000 rupees and a refundable deposit of five Lakh Rs, you will have to pay a stamp duty of 1,750 rupees (0.25% on the rent of six Lakhs for two years and interest on one lakh for two years). The stamp duty rate for holiday and licence contracts is the same for residential premises and for commercial premises. The leave and licence contract may be concluded for a maximum period of 60 months. The authentic instrument of documents or agreements adds a level of verification. . . .