The registration fee for a rental contract in Maharashtra, depends on the location of the rental. The registration fee is Rs 1,000 if the property is below an urban corporate area and it is 500 aff. if this is the case in a rural area. In the absence of a contrary agreement, the tenant bears the costs of stamp duty and registration. Housing.com has launched a fully digital, contactless service to create leases. If you want to complete the formalities quickly and without any problems, you just have to fill out the details, create the online rental contract, sign the contract digitally and get an electronic stamp in seconds. The formula for calculating stamp duty on the lease is 0.25% x D, of which D (monthly rental x number of months) – (pre-rent for the period/non-refundable down payment) – (10% x refundable deposit x number of years of contract). To save the e-registration document, you need to have the following things on you. i) Internet connection ii) thumb scanners / finger scanners (biometric device) in accordance with the division`s specifications. iii) WebCam iv) Printer v) Unique identification ID (adle hair card) of all parties as well as identifiers. (vi) Stamp duty and registration fees must only be paid online (by e-challan/single receipt) via the GRAS portal. Note: The document is recorded in the template/format provided by the department.
Contact us at `91-967327660, `91-9871907873` or the electronic ID: email@example.com and details such as Aadhar Card, Pan Card and Electricity Bill. We are preparing the draft agreement and sending the same for your kind review. Both parties (the licensee and the licensee) must have, together with two witnesses, Aadhar and Pan Card by government standard. The Inspector General of Registration and the Stamp Controller (IGRS Department), is in the provision of the holiday registration service and licensing/ rental contract for citizens by designated registrar offices and authorized service providers (ASP) provide this service online by the Department of Registration – Stamps, the government of the Maharashtra Portal. Prison sentence of three months or no more than `5000/- or both. NPST an “Authorized Service Provider” selected by the Department of Registration and Stamps, the Maharashtra government for the provision of online rental service has taken a step forward to reach citizens, raise awareness and provide a service at their comfortable time and place. We used modern technology to create phone reach and web service for a simple transaction for citizens. In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds.
A landlord or tenant must understand what a rental agreement is before renting a property. A rental agreement, also known as vacation and licensing, is a type of contract that is generally distinguished between the owner of a property and the tenant who wishes to own the property in temporary possession, as written in the agreement. As a general rule, the conditions in the lease are similar, it may vary depending on the ownership conditions.