Rent registration

Querist : Anonymous (Querist) 27 December 2017 This query is : Resolved
Stamp duty in rent case.
9yrs lease
3yrs 15% rent escalation
Rent 50000 per month
2lacs deposit

Property in Noida

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P. Venu (Expert) 28 December 2017
Please post the complete facts and the material issue, if any.

R.Ramachandran (Expert) 28 December 2017
In Uttar Pradesh, the consideration for stamp duty would be three times the annual rent reserved which works to Rs. 18 lakhs in this case (i.e 50000x12x3).
And stamp duty is Rs. 125 for every Rs. 1000 or part thereof, which works out to Rs. 225000/- (i.e 1800000x125/1000)

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