What is the stamp value and registration charge of rent agreement in india?
For NRIs renting out property in India, understanding the stamp duty and registration charges is essential. Here’s a brief overview along with key NRI-specific points:
State
Stamp Duty
Registration Charges
Maharashtra
0.25% of the total rent + deposit amount (if any)
INR 1,000 (for agreements up to 60 months)
Delhi
2% of the average annual rent
INR 1,000
Karnataka
1% of the annual rent or INR 500, whichever is higher
INR 1,000
Tamil Nadu
1% of the rent and advance amount
1% of rent + deposit amount
Uttar Pradesh
2% of the annual rent
2% of annual rent
West Bengal
4% of the total annual rent
INR 100 (for agreements up to 3 years)
Gujarat
1% of the total rent + deposit amount
INR 100
Rajasthan
1% of the annual rent + deposit amount
1% of annual rent
Punjab
2% of the average annual rent
INR 200
Haryana
1.5% of the average annual rent
INR 1,000
Bihar
2% of the total annual rent
INR 1,000
Note:
The stamp duty is usually a percentage of the annual rent or the total rent for the lease period, while registration charges can be a fixed amount or a percentage of the rent.
The exact rates can vary based on the specific clauses of the rent agreement and periodic changes in state regulations.
For more accurate and updated information, it's advisable to consult the official state government websites or legal professionals.
This table provides an overview to help NRIs and others understand the likely costs involved in renting properties across different states in India.
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For NRIs renting out property in India, understanding the stamp duty and registration charges is essential. Here’s a brief overview along with key NRI-specific points:
State
Stamp Duty
Registration Charges
Maharashtra
0.25% of the total rent + deposit amount (if any)
INR 1,000 (for agreements up to 60 months)
Delhi
2% of the average annual rent
INR 1,000
Karnataka
1% of the annual rent or INR 500, whichever is higher
INR 1,000
Tamil Nadu
1% of the rent and advance amount
1% of rent + deposit amount
Uttar Pradesh
2% of the annual rent
2% of annual rent
West Bengal
4% of the total annual rent
INR 100 (for agreements up to 3 years)
Gujarat
1% of the total rent + deposit amount
INR 100
Rajasthan
1% of the annual rent + deposit amount
1% of annual rent
Punjab
2% of the average annual rent
INR 200
Haryana
1.5% of the average annual rent
INR 1,000
Bihar
2% of the total annual rent
INR 1,000
Note:
The stamp duty is usually a percentage of the annual rent or the total rent for the lease period, while registration charges can be a fixed amount or a percentage of the rent.
The exact rates can vary based on the specific clauses of the rent agreement and periodic changes in state regulations.
For more accurate and updated information, it's advisable to consult the official state government websites or legal professionals.
This table provides an overview to help NRIs and others understand the likely costs involved in renting properties across different states in India.
Also Read: What ways can NRI make a rent agreement?