Stamp Duty For Rent Agreement In Noida

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Stamp Duty For Rent Agreement In Noida

9
Oct,2021

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“For those with a lease of 11 months or less, registration is not mandatory. However, the agreement should contain stamps equivalent to 2% of the rent in order to make the document valid. Most people make their 11-month deals to circumvent stamp duty,” said SK Singh, Deputy Inspector General, stamped. This makes it imperative that real estate requires, from year to year or for a period of more than twelve months, a mandatory registration with the office of the Sub-Registrar of Insurance responsible for the location of the property for rent. Both parties, i.e. the tenant and the owner, must be present with two witnesses to be certified, in order to be able to register the deed. If all parties are not present together, he/she must sign the power of attorney that gives the agent the authority to sign the agreement.

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