Value of stamping fees

Chandrashekhar Tamanekar (Querist) 02 September 2009 This query is : Resolved
We are in the process of enterinto business conduting agreement. The agreement is related to loading and boarding in the district Satara. The period of Agreement for 10 years and yearly business conduting fees payable is Rs. 2,50,000/- ( to be paid in advance for 10 years). Please inform me the Value of Stamp Duty to be paid for such agreement and the registration charges.

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A. A. JOSE (Expert) 02 September 2009
The value of stamp for agreement is Rs.20/-, subject to the relevant provisions provided in your State. It is better if you consult a local lawyer to ascertain the exact position.