Stamp Duty Rates For Leave And Licence Agreement 2013
Licence Period | AAR* Upto Rs.2,50,000 | AAR* from Rs.2,50,001To Rs.5,00,000 | AAR* from Rs.5,00,001To Rs.20,00,000 | AAR* above Rs.20,00,000 | ||||
Residential (Rs) | Non Residential (Rs) | Residential (Rs) | Non Residential (Rs) | Residential (Rs) | Non Residential (Rs) | Residential (Rs) | Non Residential (Rs) | |
0 - 12 months | 600 | 1200 | 1200 | 2400 | 2000 | 4000 | 5000 | 10000 |
13 - 24 months | 1200 | 2400 | 2400 | 4800 | 4000 | 8000 | 10000 | 20000 |
25-36 Months | 1800 | 3600 | 3600 | 7200 | 6000 | 12000 | 15000 | 30000 |
37-48 Months | 2400 | 4800 | 4800 | 9600 | 8000 | 16000 | 20000 | 40000 |
49-60 Months | 3000 | 6000 | 6000 | 12000 | 10000 | 20000 | 25000 | 50000 |
AAR* : Annual Average Rent means Average Rent for a period of 12 months, irrespective of period of leave and licence, and includes any Advance rent paid or to be paid and further includes any deposit made or to be made, with or without any interest. (Calculation of AAR is same whether licence period is for 1 month or for 60 months).
Note: If the licencee does not vacate the premises, one should apply to Competent Authority under The Maharashtra Rent Control Act,1999, having office at MHADA Building, Bandra East, Mumbai - 400 051.
Registration Fees for Leave & Licence Agreement is Rs.1,000