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Leave & licence registration?

(Querist) 08 February 2012 This query is : Resolved 
Dear Sir,
I have taken a place (gala) on rent basis for 33 months for business (Commercial) Purpose.
is it beneficial to get Leave & License agreement registered in Bandra. Further if i want to register it how much it will cost including all charges i.e. preparation of agreement, franking, stamp duty(rent 12,000 pm for 33 Months & deposit 60,000/-), registration & any other charges.
what is the loss if i prepare agreement on 100 Rs. stamp paper n make notary only due to financial crunch.

V R SHROFF (Expert) 08 February 2012
In Bandra Mumbai, LL AGR Registration is compulsory.

annual -12000*12=144000+60000 depo=204000
is less than 250000/- so for commercial premises it is 1500/- p a =4500 for upto 3 yrs as STAMP DUTY.
+ 1000/- REGN CHARGES SO
TOTAL GOVT FEES Rs. 5500/-

Total service charges and Advocate's Fees are bargain , having no fixed charge.

SAY Rs. 3500/- Making a total of Rs.9000/-

You can reduce by 3000 sd, if mention in LL Agr, for 11 months, extendable to 3 yrs at your discretion. So will cost Rs. 2500+Rs. 3500-rs. 6000/- only or say Rs. 5k

Pl do not ask R. 100/- sd & notary, those illegal act to legal experts.
Many does it on 20/- sd without notary, is a matter of trust. but cannot produce as evidence anywhere!!


CA VISHNU GAVKARE (Querist) 08 February 2012
Thank you Sir.
just to confirm about stamp duty
deposit is to be paid only once ie. 60,000 & not every year
will stamp duty reduce because of it?
V R SHROFF (Expert) 09 February 2012
already calculated : once only, if regd for 33 months.
prabhakar singh (Expert) 09 February 2012
LAW REQUIRES REGISTRATION OF LEAVE AND LICENCE IN MUMBAI AND DUTY IS CASTE ON LAND LORD


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