Stamp duty on lease agriment of shop

Querist : Anonymous (Querist) 03 December 2011 This query is : Resolved
Dear sirs
I have given my showroom on lease for Three years to Readymae garment enterprise for Three years .I have taken Adv Rs 390000/00 as a security refundable while vacceting the premises. rent is 95000/0 p.m
wehave paid a sum of Rs 34200/oo as stamp duty demanded be Registrar office in Udaipur.The Audit has asked us to deposite a sum of Rs 2104623/00 more.we couldnot understand this demand . The have told us that on secnd notice you will be heard
kindly suggest us where to plea for this
harreshment.
vijay singh talesara

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ajay sethi (Expert) 03 December 2011
engage a local lawyer . see the stamp act of rajasthan as to what is stamp duty payable on said transaction .

H. S. Thukral (Expert) 03 December 2011
The stamp duty varies from state to state and on a lease agreement it is usually 2-3% of annual rent. You seem to have paid 3% of the annual rent which appears to be correct. A demand of over 21 lacs is apparently a mistake. After knowing the rate of stamp duty on a lease in Raj., you submit a reply to the notice.

prabhakar singh (Expert) 03 December 2011
True stamp duty varies from state to state.
Yet the demand notice is apparently bad
in law as it is exorbitant tested any way.
You are advised to engage a lawyer and file objection.

Sailesh Kumar Shah (Expert) 03 December 2011
Engage a lawyer, he would do needful for you in this case. Since stamp duty applicable as per state law, so,I can't guide about rajasthan state.

DEFENSE ADVOCATE.-firmaction@g (Expert) 03 December 2011
It seems that they have demanded duty on whole lease period plus security deposit.

Querist : Anonymous (Querist) 04 December 2011
Thanks for your good advise
vijay singh talesara

M/s. Y-not legal services (Expert) 04 December 2011
please appoint any advocate from your locality.,

look at the site itself i feel there may be some thing wrong.,

received advance 390000/- rent 95000/-p.m.
but why asking to pay more than 2100000/-?

Shonee Kapoor (Expert) 05 December 2011
Agreed with experts. A local lawyer would help you with complete solution.

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

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