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Srinivasan R (Engineer)     28 January 2022

New rent control act of tamilnadu

Hi, I am letting out a commercial property for rent. This is 36 months rental agreement. I am getting different direction with respect to registration. One advocate is saying that this needs to be registered with the sub-registrar paying 1% of the rental value + security deposit as the stamp duty and then with the rent control authority. While the other advocate is saying this needs to be registered only with the rent control authority paying a registration fee of 1% of the rental value or Rs 25,000 which ever is less. It would be helpful if someone can throw some light into the registration requirement and the stamp duty and registration charges. Thanking in advance.

 

Regards,

-Srini



 2 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     28 January 2022

The stamp duty applicable on the rent agreements in Tamil Nadu, for a period of up to 30 years, is 1% of the rent plus the deposit amount. Apart from stamp duty, registration charges in Chennai are around 1%, with a maximum ceiling of Rs 20,000.

Megha   29 January 2022

Hi,

The stamp duty applicable on rental agreements in Tamil Nadu is 1% of the rental value + the deposit amount.  This is applicable for rental period of upto 30 years.

Best regards,
Megha 


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