Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 ) 11 June 2018
The renting should be for either residential or commercial purpose. There should be a written agreement between the owner and tenant. The agreement should be printed on a Stamp paper of minimum value of Rs.100 or 200/-. Stamp duty is 1% of the total rent plus deposit paid annually or Rs. 500/- whichever is lower.
Vijay Raj Mahajan (Advocate) 11 June 2018
Hamish A. 13 December 2019
The role of stamp paper in rent agreement is really important. The agreement which is written on stamp paper is a legal document. You can use it to sue or defend your property in court if the tenant break agreement terms. There are judicial and non judicial stamp papers available. You should consult with the lawyer to choose the best one for your rental agreement.