Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” Stamp duty is a tax applied 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. 10% x refundable deposit x Number of years of contract – C If you z.B. Entering into a leave and licence contract for 24 months, with a monthly rent of Rs 25,000 and a refundable deposit of five Lakhs, you must pay a stamp duty of Rs 1,750 (0.25% on the rent of Rs six Lakhs for two years and interest of Rs a Lakh for two years). The stamp duty rate for holiday and licensing contracts is the same for residential buildings and commercial premises. The leave and licence contract can be executed for up to 60 months. All real estate issues, including rent, rent or mortgage, are included in the state list in our constitution. As a result, laws that address lease issues will vary from state to state. In Maharashtra is the law that governs leases, The Maharashtra Rent Control Act, 1999. In order to reduce the impact of stamp duty, people paid a substantial amount as an interest-free surety, as well as nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement. NOC policy is not required during the rental of the property on leave and licenses, but it is mandatory to send the verification form with the details of the owner/licensee, tenant/licensed and real estate agent at the local police station with the copy of the registered document.

Police Verification Form to download Click here Applicant can pay stamp duty and taxes online by creating a Challan proof online. The calculation of stamp duty is generally calculated on the basis of certain information to be mentioned when registering a property: the government of MAHARASHTRA Thursday, July 8, 2000 Part 4 A REVENUE AND FOREST DEPARTMENT Mantralaya, Mumbai 400 032, dated June 8, 2000 NOTIFICATION The Registration Act, 1908. RGN.2000/2120/CR-592/M-1- In the exercise of the powers conferred by paragraphs 78 and 79 of the Registration Act, 1908 (XVI 1908), in its application to the State of Maharashtra, read with subsection (1) of Section 55 of the Mahartra Rent Act Control, 1999 (Mah. 18th of 2000), the government of Maharashtra amended the ROYALty TABLEAU, which was established under Section 78 and published under the government`s note, Ministry of Taxation No. 2000, effective in 2000. Mr. RGN. 1558/67731-N, dated 17 July 1961, as requested in section 79, namely: in the royalty table above, the following article is interested in Article III, namely; “III A For the registration of a document of the leave and licensing agreement, if this document relates to the property; A borders; Municipal Corporation 1000 In any other region 500 ?Territori On order and on behalf of the Governor of Maharashtra, P.