Stamp duty payment method: Electronic stamp paper, which must be purchased by each licensed seller up to a value of Rs. 500/- and for a value of more than Rs 500. /- by different banks according to the bank list, it is a tiring, energy-intensive and time-consuming task to rent an appropriate location. In Delhi, rent and rent are controlled by the Delhi Rent Control Act of 1958. The person who takes the house for rent is designated as a tenant or tenant, and the person who rents it for rent is designated as owner or landlord. Before taking the house or apartment for rent, make sure that these following details: If a property is rented for 24 months at a monthly rent of Rs20,000 for the first 12 months and Rs22,000 per month for the next 12 months. The registration fee of this agreement would be: 2% of the average rent for 12 months: Rs5.040, (average monthly rent is Rs21,000, average annual rent is 21000 – 12 and 2% is Rs5,040). Another type of popular rental is to get long-term rent for a number of years. There is no monthly rent to be paid by the tenant.
At the end of the rental period, the landlord must return the rent amount to the tenant. Electricity, water and maintenance costs must be paid regularly by the tenant. No interest is paid on the amount of rent. Delhi abandoned traditional stamp papers and completely converted them to the Stock Holding Corporation of India`s (SHCIL) e-stamping system. If a person needs stamp paper, they can go to e-stamping providers and buy it from them. You must include your name and purpose in the application form. Traditional stamp papers are no longer used in Delhi. Some people choose to notarize rental contracts, but the notary is not a registration. Therefore, a notarized rent is never a substitute for a registered deed. The courts do not accept it as evidence in the event of a dispute.
Even if the deed is notarized, you still need to register it. For the tenancy agreement between 1 and 4 years, you must buy stamps worth 2 per cent of the total annual rent. A deposit of 100 thousand people must also be paid. Caution – In Delhi, the usual trend is to collect 2 to 3 months` rent in the form of a deposit.
Comments are closed.