Registration Of Leave And License Agreement In Mumbai

    In order to reduce the impact of stamp duty, people paid a substantial amount as an interest-free surety, as well as nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement. Article 36, paragraph A, point A), in clause a), ……. (i) in Column 1, in Column 1, the words “thirty-three months” are replaced by the words “sixty months”; (ii) in columns 1 and 2, the words “11 months” are replaced by the words “twelve months”; As of May 1, 2013, the new stamp duty rates will apply to leave and licensing contracts. In accordance with the new amendment to sub-clause (a) of article 36 bis b), article 36 bis replaces, for sub-clause (a), the following clause, namely: (a) where the leave and licence contract provides for a maximum of sixty months, with or without an extension clause; “0.25% of the total; (i) the licence fee or the rent payable under the contract; plus (ii) the amount of non-refundable deposits or advanced money, or the prior application or premium under any name; plus (iii) interest calculated at a rate of 10% per annum on the refundable bond or advanced money, or advanced under any name. In accordance with the new subsection 2 of Section 70 of the Maharashtra Stamp Act, 1958 For documents with a stamp duty payable of one hundred and forty-nine rupees, $49 is ignored, or more than one hundred and eighty-nine, the amount in question will be rounded by the following hundred rupees. 1) In other words, if the stamp duty is determined on a document is 101 or more until the next 149 is payable. 2) If the amount of stamp duty is equal to or greater than 150 years up to 199 hours of overtime, 200 were payable. How do I calculate the stamp duty on Leave and License Agreement in Maharashtra? We have tried to explain it in a simple way, so that it is easy to understand. 1. (R) Rent 12000/- [month of rent] 2.

    (M) month 12 [months] 3. (TR) Total rent – (R) x (M) 144000 – 12000 x 12 4. (RD) Refundable down payment is 10% 10,000 x 10,000 x 10 5%. (NRD) Non-refundable bond 24000/- 6. (TA) Subjects Amount – (FU) – (NRD) – (TR) 178000 – 10,000 – 2400 – 144000 7. (TA) x 0.25% 8. (SD) Stamp duty – (TA) x 0.25% 445 x 178000 x 0.25% 9. (RSD) Rounded Stamp Duty (according to Section 70 of the M. S. Act, 1958) 400 (Rounded Stamp Duty) Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements.

    This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” As a registration and pill department, Pune Maharashtra State Government has set up the electronic registration module for citizens to register the online holiday and license contract at any time, without visiting the sub-registrar offices.

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