Rental fees, stamp duty and leases can be confusing for anyone moving in or renting property. To make things simpler, let`s calculate your stamp duty for you. Fill in your monthly rental and rental period in the calculator below to find out how much you should pay for the lease stamp. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. States could soon begin enforcing the provisions of the 2019 Model Rent Act, as the center aims to give the policy a more restrictive meaning by transposing it into law. The project was made available to the public and policy proposals were submitted by October 31, 2020. After this period, the model policy could be the vision document on which states will submit their own rent laws. If this happens, Maharashtra`s rental market will also undergo significant changes. The move will unlock a large number of units in the rental segment.

Yes, the E-stamp is available in some states. In the case of electronic tampons, you don`t need to physically walk and buy a stamp paper for the rental contract. You can simply register on the website of the Holding Company of India (SHCIL) and find out if your state offers the option of stamping the E. A monthly stay can be written on paper without registration. Stamp duty on leases is more important for short-term long-term stays. Although you can use stamp papers after six months of purchase, it is best to return unused documents to the collector within six months and refund. The use of old stamp papers is not a good idea. Leases of one year or more must be registered. For contracts of less than one year, only stamp duty applies, while registration is not mandatory. The landlord grants an extension of the tenancy period, but grants a rent-free period corresponding to the extended period.

Stamp duty must be paid for the extended period. A lease agreement may take effect retroactively as part of the contract. However, stamp duty cannot be retrodated. Section 33: The fee for making the correct stamp duty available is borne by the person mentioned in the second column of this calendar; (a) for the instruments described in the first column of the third appendix; In the event of an increase in rent or an extension of the term of the lease, stamp duty must be paid on the document based on the increase in rent or the rent of the extended tenancy period. Stamp duty: Bombay HC stamp duty cannot be levied for past transactions.