My wife holds a commercial property. I want to start a proprietary business out of that place in Ahmedabad. For Shops and Establishment Act and SSI Registration we have to provide rental agreement. Is it mandatory to have this 11 mo rental agreement on stamp paper? If so, in what denomination?
Stamp paper is must for all agreements as said by Expert R.K.Nanda it varies from place to place if proper stamp is not used you may come under problem best way to avoid any futher dispute is go according to law for you on good
It is mandatory to make Rental Agreement on Stamp Paper however talking about the Monetary Value of Stamp Paper for Agreement then there is a different value for the Articles in each state. For instance- the value of Stamp Paper for Agreement in Delhi is Rs. 50/-, so you need to check out from your State that What is the prescribed Stamp Duty for Agreement.