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Stamp duty and registration laws for rentals in Maharashtra 2018/ 2019

Stamp duty and registration laws for rentals in Maharashtra 2018/ 2019

There are many legal formalities in which one must obey, buy or rent a property, leave and license agreement must be stamped and registered. As stamp duty is the state subject, all the states have laws governing different rates and stamp duty.

The formula to calculate the stamp duty payable on a rental agreement

Monthly rent is not of X months = A

For advance / non-recoverable deposit = advance rent for b

10% x refundable deposit x number of years in contract = c

Total amount of stamp duty = D = A + B + C

Stamp Duty = E = 0.25% x D

For example, if you enter the release and license agreement for 24 months, the monthly rental is Rs 25,000. And Rs 5 lakh If refund is payable, then you get Rs 1,750 Stamp Duty of (0.25% rent to be leased) Six lakh for two years and one lakh for two years)

Stamp duty and registration laws for rentals in Maharashtra 2018/ 2019

Stamp duty and registration laws for rentals in Maharashtra 2018/ 2019

Registration provisions for rental agreements in Maharashtra

It is the responsibility of the landlord to register the contract of the fare, if the failure, then the employer has to pay a penalty of Rs. 5000 and he will be imprisoned for three months. If the leave and license agreement is not registered and if any dispute arises between the landlord and the tenancy, the agreement and terms and conditions given by the tenant shall be carried out in accordance with the real and exact conditions in which it is the real estate, unless it is proved otherwise the rent will be paid.

The registration fee for lease agreement in Maharashtra depends on where the asset is leased. If the property is in rural area then Rs. If there is 500, the registration fee is Rs. 1 thousand. On the contrary, in the absence of any contract, stamp duty and registration price is taken by the hirer.

 

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Real Estate Property Registration Laws in India | Required Documents, Process, Deadlines

Real Estate Property Registration Laws in India | Required Documents, Process, Deadlines

Registration of documents in India comes under the Indian Registration Act. Under this law, various documents are registered so that protection of evidence, fraud prevention, and title can be ensured.

Essential documents required for compulsory registration

  • Registration Act 1908, According to section 17, all transactions, including the sale of a real estate (with a value greater than Rs 100) should be registered.
  • This means that all transactions related to the sale of real estate should be registered, as no real estate can be purchased for Rs. 100. Apart from this, the property given on lease for a period of 12 months, along with the real estate gift, is also essential to be registered.
  • In particular cases, if a party can not come to the sub-registrar’s office then the sub-registrar can appoint an officer to take the registration document from the person’s house. In ‘real estate’, any rights of land, building and these properties are attached.
Real Estate Property Registration Laws in India | Required Documents, Process, Deadlines

Real Estate Property Registration Laws in India | Required Documents, Process, Deadlines

Process and required documents for Property Registration

  • Documents that are to be registered will have to be deposited in the office of the Sub Registrar. Keep in mind that documents in the area where the property is located will be deposited in the sub-registrar’s office. To register the documents, the customer and the seller must be present with two witnesses.
    Both parties must have their own ID proof. The documents which are valid for this are the Aadhar card, PAN card or any identity card issued by the government. If both the signers are representing someone they have full power.
  • If any company is a party in any agreement, then the person representing it must have a necessary copy of the necessary document such as Power of Attorney / Letter of Attorney, Board of Company’s Resolution, so that it can complete the registration process.
  • In addition to payment of stamp duty and real documents, you also need to show property card in sub-registrar office. Prior to registration of documents, the sub-registrar will check whether the stamp duty has been paid according to fixed rates. If there is any disturbance in the stamp duty payment, the sub-registrar can refuse to register the document.

Deadline and fees for Property Registration

  • Documents, which are mandatory to be registered, should be deposited with fixed fees within four months of execution. If the time limit elapses, you can file an application in the sub-registrar’s office and apologize for the delay within the next 4 months.
  • A registrar can register documents by fines (which can be 10 times the actual registration fee). The property registration fee can be 1 percent of the property.
  • The documents you were given for the first registration were given after 6 months. But after the computer comes to the sub-registrar offices, you are returned by scanning the documents the same day

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MHADA lottery 2018 Pune Result on June 30 for 3,139 low-cost houses in Pune | Pune Region Flat Locations

MHADA lottery 2018 Pune Result on June 30 for 3,139 low-cost houses in Pune | Pune Region Flat Locations – Maharashtra Housing and Area Development Authority (MHADA) has declared lottery for 3193 low-cost apartments and plots in Pune and other cities Kolhapur and Satara. have 90 per cent of the houses in Pune and it is between 9 lakh and 46 lakh. Under the category of economically weaker sections (EWS), the coming lottery coming through MHADA Pune Board will cost Rs.9.5 lakh. At Pune, there are at least 3, 39 seats in Pimpri and Chinchwad areas. People in lower income groups can buy flat worth Rs 14 lakhs each.

Maharashtra Housing Area Development Authority will announce the list of eligible and non-qualified applicants for the MHADA Pune Lottery Draw 2018 at 10:00 am on 30th June at IT Incubation Center, Nanded City, Sinhagad Road.

MHADA lottery 2018 Pune Result on June 30 for 3,139 low-cost houses in Pune | Pune Region Flat Locations

MHADA lottery 2018 Pune Result on June 30 for 3,139 low-cost houses in Pune | Pune Region Flat Locations

Also ReadMHADA Lottery 2018 Pune Winner List 2018

MHADA lottery 2018 Pune locations

This year, a total of 449 rooms in Sector-5 A-B, Nanded City (Sinhagad Road, Nanded Village, Pune) and Mahalunge Trape-1 (Chakan-Talegaon Road, Chakan MIDC, Tal Khed, Dist. Pune) . Gopalpur (Talpur, Pandharpur, Solapur), Morewadi (Kolhapur), Barshi (Solapur), Bijapur Road (for the small-scale group), for the low income group (Phase-Chakan-Talegaon Road, Chakan MIDC, T. Khed, Dist. Pune) Haldar (Pune, Solapur), Talegaon Dabhade (Pune), Sadar Bazar (Satara), Saswad (Ta. Purandar, Pune), Diva (Tal. Purandar, Pune), Hadapsar (Pune), Ravet (Pune), Nanded City (Sinhagad Road, Nanded Village, Pune), Chikhli -Moshi (Pune), Pimpri (Pune), Chi Includes 2404 tanks in Khali, Charholi Bungalow, Katraj, Dhanori, Alandi road, Wakad, Yeolewadi (Ta: Haveli, Pune, Pune), Mauje Vadmukhwadi, Shivaji Nagar (Solapur), Dudulgaon. For middle income group, Subhash Nagar (Kolhapur), Saswad, Kharadi, Shivajinagar (Dist. Solapur), Bijapur Road (Solapur), Pimpri, Mahalunga Stage-1 (Chakan-Talegaon Road, Chakan MIDC, T. Khed, Dist. Pune ) The total number of 282 tanks included in this work is in the lottery. For the higher income group, the total of 4 tanks in Pimpri (Pune) is included in the draw.

The areas for low income group are: Mahuli (District Satara), Barshi (Dist. Solapur), Bhor (Dist. Pune), Dahiwadi (Ta. MN, Dist. Satara), Banwadi (Karad, Dist. Satara), Shirval (Ta. In the vacancies of plots in Khandala, Distt. Satara, Akkalkot (Dist. Solapur), Vathar Nimbalkar (Ta. Phaltan, Dist. Satara) For the middle income group, Barshi (District Solapur), Area Mahuli (District Satara), Dahiwadi (Ta., Mata, Satara), and for the high income group, includes plots of plots in Vathar Nimbalkar (Lakh Phaltan, Satara).

No one has been appointed as the representative, consultant and property agent for the sale of the house. The applicant should not interact with any such person. By doing so Pune Circle / MHADA will not be responsible for any transaction/fraud.

 

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