How to write agreement on stamp paper?

The Law has made it mandatory to make a specific payment to the State/Central Government every time certain kinds of transactions take place. These payments are known as Stamp duty. Some examples of such transactions are leasing property, business agreements, selling and buying real estate, and more. However, the most common use of Stamp papers is for rental agreements. Let me tell you how to write agreement on stamp paper using the example of Karnataka.

• Draft and print the agreement on a Stamp paper

• Get the agreement signed by the tenant and owner with two witnesses present

• These two witnesses are also required to sign and attest the document

• After that, pay the required registration charges and register the document at the nearest office of Sub-Registrar

In Karnataka, the maximum Stamp Duty of Rs. 500 can be levied on rental agreements but it is usually calculated as given below:

• Above ten years – 2 percent of annual rent plus deposit

• Up to ten years – 1 percent of annual rent plus deposit

If you think that this process is too time-consuming, then you can take the help of NoBroker. They will take care of the stamping & printing and will deliver the agreement to you in 3-4 days. I hope you like my answer on how to write agreement on stamp paper.