Stamp duty is the tax levied on legal documents in reparation for their validity. In the state of Karnataka, the maximum stamp duty that can be levied on each lease is 500/- INR, but is generally calculated as follows- […] with which you can create your own lease in just a few minutes. You can either have the agreement printed yourself on stamp paper, or place an order for delivery to your home, after which we buy stamp paper, print […] If a property is rented for 24 months with a monthly rent of Rs20,000 for the first 12 months and 22,000 Rs. per month for the next 12 months. The registration fee of this agreement would be: 2% of the average rent for 12 months: Rs5.040, (average monthly rent is Rs21,000, average annual rent is 21000 – 12 and 2% is Rs5,040). The payment of stamp duty is never made in cash. Instead, stamp papers are purchased in the value of the payment and the deed is printed/written on it. Stamp papers are proof that the necessary stamp duty has been paid to the government, much like receipts. […] They are preparing the project with us, the next step would be printing the proposed lease on the stamp paper. While e-stamping is not widespread throughout Gujarat, with the exception of Ahmedabad, […] If you want to use e-Stamp paper for your rental contracts, you must first check to see if your country is making this easier. This should be easy, all you need to do is log in to the SHCIL site and check that your status is included in the list. States that allow e-stamping include Assam, Gujarat, Himachal Pradesh, Karnataka, Maharashtra, Delhi NCR, Tamil Nadu, Uttarakhand and Uttar Pradesh. To avoid these fees, many landlords and tenants mutually agree not to register the agreements.
If you want to register a rental agreement, tenants and landlords can agree to share their costs. If the agreement contains a security deposit, add Rs100 and Rs1.100 as a registration fee, bringing the total cost to Rs 6,240. The fees of lawyers or other intermediaries for all documents are not taken into account. Position is the main factor when estimating the value of buffer paper. The duration of the agreement also plays a role.