Stanp Duty for registering Lease Deed in chennai

Querist : Anonymous (Querist) 18 February 2011 This query is : Resolved
pls let me know the stamp duty for registering Lease Deed of 9 years at Chennai? Are there any other charges.

thanks in advance

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Basavaraj (Expert) 19 February 2011
stamp duty shall be paid based on rentals agreed in the lease deed.

Querist : Anonymous (Querist) 19 February 2011
thanks for u reply but i want to know the rate of stamp duty and Stamp Value?

i have checked somewhere that it is Average Annual Rental of entire lease period of 9 years+Service Tax+Security Deposit constitutes Value for Stamp Duty of 1%.

Is my info correct?

Basavaraj (Expert) 23 February 2011
without doubt you r right

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