Verifying your identity using a biometric device is the simplest aspect of e-governance initiatives such as registering leases in Maharashtra. In general, a lease includes the following important points: To reduce the frequency of stamp duty, people paid a large amount in the form of an interest-free deposit with the nominal rent. This gap has been closed, and now, in cases where a refundable deposit is collected from the owner, a fictitious annual interest rate of 10% will be charged on that interest-free deposit, and you will have to pay stamp duty at the same rate on that interest for each year of the license term. After the document is registered online, it is stored in the government database. You will also receive a unique registration number for future reference. For example, if you sign a holiday and license agreement for 24 months with a monthly rent of Rs 25,000 and a refundable deposit of Rs five lakhs, you will have to pay a stamp duty of Rs 1,750 (0.25% on the rent of Rs six lakhs for two years and interest of Rs one lakh for two years). In Maharashtra, holiday and licensing agreements must be stamped with a fixed stamp duty rate of 0.25% of the total rent for the period. In the event that a non-refundable deposit is also paid to the owner, a stamp duty of the same amount will also be levied on these non-refundable deposits. In general, the lease can be performed either as a notarized contract or as a registered contract. The duration of the rental contract can be up to 5 years.

It is mandatory to register your lease online and, more importantly, it is important to ensure that it complies with the legal format required by the government. Anulom`s live contract editor simplifies the process for you. A lease is an important document that contains important terms that tenants and landlords have mutually agreed upon. The responsibility for registering the lease rests with the owner of the property. However, tenants must ensure that the lease is registered to avoid complexity in the event of a dispute. The registration fee for a lease in Maharashtra depends on where the rented property is located. The registration fee is Rs 1,000 if the property is under a municipal body area, and it is Rs 500 if it is located in a rural area. Unless otherwise agreed, the costs of stamp duty and registration are the responsibility of the tenant. Note: You only need to go to the office if there is a problem with the online application. Anulom`s assisted service module helps you register your rental agreement quickly, easily and easily online. All you have to do is ask for a reminder.

10% x Refundable Deposit x Number of Years okay = C Brilliant and stress-free!! Concluded the lease in a short time without intermediaries. Anulom is the perfect example of how technology can enable smooth execution involving government agencies. Remove the middleman from the chain completely, which also reduces corruption. Honor!! The applicant can pay stamp duty and fees online by creating a Challan receipt online. The calculation of stamp duty is usually derived from certain details that must be mentioned when registering a property: it is really a great service that Anulom has started. I did everything at will. A biometric person came to my house. He was on time, came exactly when we asked for it. The documentation process was completed within a week, including the delivery of the registered agreement to my door. I had a lot of experience.

Thanks to the Anulom team. And if the rental or lease term is longer than 11 months, it is necessary to register the lease. To avoid stamp duty and registration fees incurred, many people keep the 11-month rental period. The Anulom team is doing a fantastic job. A group was not in Pune and wanted to save themselves the trip. The biometric device was transported by mail and adequate support was provided for data entry. .