rent agreement again (urgent)(prateek)
prateek saxena
(Querist) 26 March 2009
This query is : Resolved
respected all sir,
as all of u told me abut section 17 or 18 of indian registration act,1899, but in the section or clause 35 of the said act, said that the amount of stamp duty upto 1 year is 4%.
wht its means, u said no requirement of stamp duty payable upto 1 years.
i go through all section of this , but nothing found under more reference.
Actually, case is that
(1) i have a mall in noida, and i lot a
portion of shop to a party as rent.
(2) they wnt to enter into rent
agreement for 11 months on Rs 150/- w/o stamp duty pay.
so, pls advice me for this situation.
and if possible, plz provide any circular related to non payment of stamp duty for 11month rent agreemnt. as i think , it is good defence for me.
please advice me.
sanjeev murthy desai
(Expert) 26 March 2009
Dear Prateek,
We have sugested Registration 1908 only, please go through this act not other.
sanjeev desai
Jithendra.H.J
(Expert) 26 March 2009
dont confuse stamp duty with the registration fee, both are different, for 11 months agreement no registration is required but stamp duty is must.
Shashikant V. Patil
(Expert) 27 March 2009
If you execute a leave and license with mutual understanding on stamp paper without paying stamp duty is not legally valid . The better you registered the same by paying stampduty is valid one.
PALNITKAR V.V.
(Expert) 27 March 2009
Please check the local rent act. If the local rent act provides for compulsory registration of the deed irrespective of the period, then you have no option but to register it. And yes, Registration fee is different than Stamp Duty. you have to pay both.
A. A. JOSE
(Expert) 30 March 2009
I agree with Mr.Palnitkar.
Hiralal Das
(Expert) 06 April 2009
Thanks all of you the ld. members and the author.
I think your valuable opinions will assist everybody to solve their problem/matter in question properly.
