Applicants can pay stamp duty and stamp duty online by generating a Challan voucher online. The calculation of stamp duty is generally calculated on the basis of certain indications that must be mentioned when registering a property: stamp duty is a tax levied by the governments of the States of Maharashtra and with respect to the rental of the property for a temporary period, no more than 60 months, u/s 36A of Schedule I of the Bombay Stamp Act, 1958. Registration fees are charged based on accommodation in the urban area or rural Area on Leave and License Agreement. However, for Maharashtra, the law has been strengthened and, in accordance with section 55 of the Maharashtra Rent Control Act 1999, any lease or leave and licence agreement must be written and the same must be registered in a mandatory manner, regardless of the length of the lease. 2.4 When a piece of legislation is drafted to be covered by more than one article in Schedule I, it is imposed under this section, which levies the highest amount of stamp duty. with respect to an investor`s purchase of shares of any system by a developer, when the investor sells the unit, compensation for the tax paid may be paid against the transport tax covered by s.25 4.3 as an impressive glue or stamp on the instruments. The adhesive pads must be broken at the time of execution, so that they cannot be reused. The Stamp Board determines the market value of the property by referring to an annual price statement (commonly known as Stamp Duty Ready Reckoner) that gave the market values of various properties in Mumbai. The recconer divides the land into different categories such as developed land, undeveloped land, housing units, industrial/office units, businesses, etc., and determines its market value. 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). The registration of leave and licences is mandatory under Section 55 Maharashtra Rent Control Act, 1999 (MAH.

ACT NR. 18 von 2000) (w.e.f. 31-3-2000) Section 55. The lease must be registered. 1. Notwithstanding the provisions of this Or other statutes, any leave and licensing or lease agreement between the lessor and the tenant or licensee is registered in writing and in accordance with the 1908 Registration Act, after the commencement of this Act. (2) Responsibility for the registration of such a contract rests with the lessor and, in the absence of the registered written agreement, the tenant has priority over the conditions under which the landlord gave or was transferred to him a property on holiday and in license, unless there is evidence to the contrary. 3. Any lessor who violates the provisions of this section is liable to a prison sentence of 3 months or a maximum fine of $5,000 or both if convicted.