registration

Querist : Anonymous (Querist) 05 July 2011 This query is : Resolved
dear, i am a tenant of trust in july 2011 it is law that i have to pay stampduty n also registration or i can pay only stampduty not registration

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A V Vishal (Expert) 05 July 2011
In absence of any agreement, you have to bear both stamp duty & registration or in case of any mutual understanding & agreement you can pay proportionate amount of stamp duty as agreed.

Devajyoti Barman (Expert) 05 July 2011
Tenancy agreement is not a compulsorily registrable document and hence an agreement on fifty rupees stamp paper will do.

Ravikant Soni (Expert) 05 July 2011
Transfer of property act
107, Lease how made.-A lease of immovable property from year to year, or for any term exceeding one year, or reserving a yearly rent, can be made only by a registered instrument.
All other leases of immovable property may be made either by a registered instrument or by oral agreement accompanied by delivery of possession.
Where a lease of immovable property is made by a registered instrument, such instrument or, where there are more instruments than one, each such instrument shall be executed by both the lessor and the lessee:

prabhakar singh (Expert) 05 July 2011
Subject to an agreement to contrary,the stamp duty is payable by you ,sso also the registration fees.The agreements required registration,if the period of lease is for more than a year.

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