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Value of stamp paper for rental agreement
15-Mar-2023 (In Property Law)
I would like to know which denomination stamp paper is required for rental agreement of flat (upto 11 months). I went to an office that gives rental agreement. They gave a Rs 20 rental agreement. I do not know if that is valid or not as I saw Rs100 stamp paper for previous tenant.
As per the Indian Stamp Act, a rental agreement for a flat or any other property can be executed on a stamp paper of any denomination. However, the amount of stamp duty payable on the rental agreement will depend on the state in which the property is located. Each state in India has its own stamp duty laws, and the stamp duty rates and denominations vary from state to state.
In general, for rental agreements of up to 11 months, a stamp paper of Rs. 20 or Rs. 50 is commonly used. However, it is important to ensure that the stamp duty payable on the agreement has been calculated correctly as per the stamp duty laws of the state. The stamp duty amount is generally calculated as a percentage of the rent amount payable under the agreement.
It is advisable to consult a lawyer or a stamp vendor in your state to confirm the correct stamp duty payable and the appropriate denomination of stamp paper for your rental agreement. They will be able to guide you on the stamp duty rates and denominations applicable in your state and ensure that the rental agreement is executed properly and legally valid
In general, for rental agreements of up to 11 months, a stamp paper of Rs. 20 or Rs. 50 is commonly used. However, it is important to ensure that the stamp duty payable on the agreement has been calculated correctly as per the stamp duty laws of the state. The stamp duty amount is generally calculated as a percentage of the rent amount payable under the agreement.
It is advisable to consult a lawyer or a stamp vendor in your state to confirm the correct stamp duty payable and the appropriate denomination of stamp paper for your rental agreement. They will be able to guide you on the stamp duty rates and denominations applicable in your state and ensure that the rental agreement is executed properly and legally valid
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Adv. Zuber Syed
Hyderabad | 25+ Answers
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