Yes, electronic seals are available in some states. In the case of electronic seals, you do not need to physically purchase a stamp paper for the rental agreement. You can simply register on the website of Stock Holding Corporation of India Ltd (SHCIL) and see if your state offers the option to stamp electronically. Location is the main factor in estimating the value of buffer paper. The duration of the agreement also plays a role. Stamp duty on short- and long-term leases varies from state to state. In addition, your annual rent is also a factor, especially for commercial leases. The mandatory stamp duty for the rental contract in Delhi is 50/-, although there is no longer a fixed unit value after the introduction of electronic stamp paper. You can make a rental agreement on e-stamp paper of any amount, but it is always recommended to rent a rental agreement on Rs stamp paper. Stamp duty is calculated on the basis of the transaction value. He is paid to the government by buying stamp paper of reasonable value. Leases of one year or more must be notified.

For contracts of less than one year, only stamp duty applies, while registration is not mandatory. If the lease in question lasts more than 11 months, the unreg registered lease cannot be used as evidence in court. It cannot be used as evidence or right to the terms and conditions provided. Therefore, it is always recommended to register the lease to be safe to avoid any type of loss. The procedure for registering a commercial lease and the stamp duty associated with it are similar to those of rental contracts. Delhi has many popular residential areas like Mayur Vihar, Dwarka, Chanakya Puri, Noida, Civil Lines, etc., so the houses are in high demand. When establishing the lease, it is very important to include some important clauses in the contract. Some important clauses that should be included in the deed of rental or lease are listed below: Have it certified by the notary OR have it registered – Now, in this case, it is up to both parties to decide whether they want to have the contract certified by the notary or register it in the Sub-Registrar Office. If you make the lease of more than one year, it is recommended to register it with the Sub-Registrar Office with stamp duty, since the validity of the notary certificate in case of contract is 1 year. Token Advance – Normally, in Karnataka, there is a system to pay a token advance before the full amount of the deposit is paid….