The formula for calculating the stamp duty on the rental contract is 0.25% x D, the D (monthly rent x number of months) + (pre-rental for the period / non-refundable deposit) + (10% x refund x number of years of contract). The registration fee for a lease in Maharashtra depends on the location of the rented property. The registration fee is Rs 1,000 if the property is located under a communal territory and it is Rs 500, if it is the same in a rural area. In the absence of an agreement to the contrary, the costs of stamp duty and registration are the responsibility of the tenant. The basic framework of stamp duty is set out in the Indian Stamp Act of 1899, which allows states to modify them according to their needs. As a result, the Government of Maharashtra passed the Bombay Stamp Act in 1958. Payment of stamp duty on holidays and licensing agreements is covered by section 36A of the Bombay Stamp Act 1958. Stamp duty is the tax/tax levied as compensation for the legal validity of your agreements. The stamp duty required for different documents varies from state to state. As a rule, in the case of holiday and license contracts, it is up to the donor/lessor to pay the recommended stamp duty for the agreement. In accordance with section 36 A of the Bombay Stamp Act, 1958, the stamp duty for holiday and licensing agreements is 0.25% of the tax base calculated according to the following formula prescribed by the Government of the State of Maharashtra – in section 36 (A) (A) In clause (a), ….
(i) in column 1, for the words `thirty-three months`, the words `sixty months` shall be replaced by the words `sixty months`. (ii) in columns 1 and 2, the words `eleven months` shall be replaced by the words `twelve months`. From 1 May 2013, the new stamp duty rates will apply to leave and licence agreements. . . .