Stamp duty – Tax is paid to the government when an agreement or transaction is established. Stamp duty is calculated based on the value of the transaction. It is paid to the government by purchasing stamp paper at fair value. But if Ashok first made the deal by paying the right stamp duty, he should have paid only the 1860/Delhi rule switched from traditional stamp papers to Stock Holding Corporation of India Limited`s (SHCIL) e-stempeling system. Electronic stamped contract documents can be obtained from electronic stamp suppliers and the project can then be printed on these documents. The lease agreement is also known as a lease agreement and is a written contract between the owner of a property (the owner) and the tenant who accepts it as a rental. The agreement defines the conditions on which the property is leased, for example.B.: description of the property (address, type and size), monthly rent, deposit, purpose for which the property can be used (residential or commercial building), and duration of the contract. Its terms and conditions can be negotiated, but once signed, it is mandatory for both the lessor and the tenant. It also sets out the conditions under which the agreement can be terminated. Unregant rent is never evidence in court. This is only collateral evidence and cannot be used to prove his claims. Therefore, the registration of rental rates is very important to be safer. The registration of rent/rent in Delhi has a special procedure that must be followed by all.
The procedure for registering a commercial lease and the stamp duty are similar to those of leases. Under Section 49 of the Registration Act, all leases must be registered with the sub-registry office for a period of 11 months. On the other hand, it is not mandatory to register a rental contract of less than 11 months. A tenancy agreement is a legal contract between the landlord and the tenant, which mentions all the details about the property such as size, address, etc. as well as details of the landlord and tenant. It includes conditions such as rent, maintenance, term of contract, annual increase, electricity and water costs, penalty for delays in rent, etc. Procedure for the lease: 1. Preparation of the agreement (it is proposed that the lease be drawn up by a good documentation lawyer, who can ensure that the document will contain all relevant provisions. 2.