deed of surrender of leave & license agreement

gulamabbas (Querist) 19 June 2010 This query is : Open
Dear Sir,

A leave & license was entered in to at Mumbai for a property at Mumbai. The said agreement was registered with sub registrar as per Maharashtra Rent Control Act.

Now,as mutually agreed the said agreement is terminated and a deed of surrender has been signed by paying stamp duty of Rs 300/-
Rental value was Rs 2.50 lakhs per month and deposit Rs 9.00 lakhs
Querries:
1)Whether it is required as per law to register the said deed of surrender?
2) What are the consequences if the deed of surrender is not registered?
3) What is the stamp duty payable on the deed of surrender?

Tks

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