When you enter into a lease or leave and license agreement for 2 years (24 months) in Mumbai, Maharashtra, you are required to pay stamp duty and registration charges to legally validate the contract under the Bombay Stamp Act, 1958 and the Indian Registration Act. The stamp duty is about 0.25% of the total calculated value of rent and deposit.
How Much is the Agreement Charges for 2 Years in Mumbai?
Stamp duty for rental agreements in Maharashtra is calculated on the total consideration this includes:
Total rent payable over the agreement period (monthly rent × number of months)
Non-refundable advance payments, if any
A notional interest @ 10% per annum on refundable security deposit
For agreements exceeding 11 months (like 2 years), the current stamp duty rate in Maharashtra (including Mumbai) is: 0.25% of the total calculated value (rent + deposit + notional interest)
Example:
Monthly rent: Rs. 30,000
Total rent for 24 months: Rs. 30,000 × 24 = Rs. 7,20,000
Refundable deposit: Rs. 1,00,000 → 10% × 2 years = Rs. 20,000
Total taxable value: Rs. 7,20,000 + Rs. 20,000 = Rs. 7,40,000
Stamp duty = 0.25% of Rs. 7,40,000 = Rs. 1,850 (approx)
So for a typical 2-year lease in Mumbai, stamp duty is about 0.25% of the total calculated value of rent and deposit.
Since the agreement is for 2 years (more than 11 months), it must be registered with the Sub-Registrar. The current fixed registration fee is: Rs. 1,000 (for properties in municipal corporation areas like Mumbai).
This is a flat fee irrespective of rent value, it doesn’t vary with the amount of rent paid.
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Hey Pal,
The Bombay Stamp Act of 1958 governs the payment of stamp duty on rental agreements. A stamp duty fee of 0.25% of the appropriate rent for the full duration must be added to rent agreements (or leave and licence agreements). Stamp duty can be paid by franking, e-stamping, or non-judicial stamp paper.
I hope this helps:)
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How to calculate stamp duty and registration charges?
What is the current agreement charges for 2 years in mumbai
Ramesh Kamath
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3 Year
2022-09-15T13:18:29+00:00 2026-01-19T15:42:35+00:00Comment
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