Stamp Duty for Lease Deed

Deepak Kumar (Querist) 03 September 2009 This query is : Resolved
I want to know the stamp duty calculation for register a lease agreement for 9 years in Delhi.
Also I want to know the same for 3 years.

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Deepak Kumar (Querist) 03 September 2009
I want to know the stamp duty calculation for register a lease agreement for 9 years in Delhi.
Also I want to know the same for 3 years.

sanjeev murthy desai (Expert) 03 September 2009
Dear Deepak Kumar,

As per article 35 of the Delhi stamp act

(ii) Where the lease purports to be for a term of
not less than one year, but not more than five
years;

The same duty as bond (No.15)
for the amount/value of the
average annual rent received

iii) Where the lease purports to be for a term
exceeding five years, but not exceeding ten years;

The same duty as Conveyance

(No.23 CONVEYANCE as defined by Sec 2(10) not being a transfer charged or exempted under No.62- 5% of the consideration amount set forth in the instrument) as levied by this Act for a consideration equal to the amount / value of the average
annual rent received.

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