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What is the minimum cost for making a rent agreement in Mumbai?

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Rent Agreement
1 2020-08-28T18:36:49+00:00
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It depends on the amount of rent and the period of contract.The cost is ususally 0.25% of rent estimated rent (because it increases after the first year) of two years plus the cost of stamp duty and registration fee which is around INR 2000.
1 2022-08-11T13:21:10+00:00
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Hey, If you live in a rented property, you must already know that a landlord and tenant must get a renters agreement wherein details about the property, rent amount, security deposit, and rental tenure are mentioned. This rent agreement needs to be signed by both parties. Like any other contract, there are rent agreement charges in Mumbai and other cities.  No time looking for suitable tenants ? Leave it to the experts, check out NoBroker Owner Plans. Want legally valid rent agreement to be delivered to your doorstep ? Check out NoBroker Rent Agreement Services

What is Rent agreement cost in Mumbai?

The documentation process is long drawn as police verification of the tenant is done as well. All states have different charges for the registration of a rental agreement. This means the amount I will share here for Mumbai might differ from the property-rent agreement in Delhi. For the most part, 0.25% of the estimated rent is the cost. This is mentioned in The Bombay Stamp Act, 1958. It is written in Article 25 of Schedule 1 that the registration charge is “ 0.25 per cent of the total rent for the period”. Typically this will be Rs 1100- Rs.1500.  Minimum rent agreement charge and property registration charges are different. You can look at the formula given below to know stamp and registration charge costs as well.  ​​Monthly rental x No of months = A Advance rent for the period/non-refundable deposit = B 10% x Refundable deposit x No of years of the agreement = C Total amount subject to stamp duty = D = A+B+C Stamp duty = E = 0.25% x D Once the rental agreement has been signed, You can conduct online rent agreement registration on the official website of the Maharashtra government https://efilingigr.maharashtra.gov.in/ereg/  I hope my explanation of rent agreement charges in Mumbai has cleared your doubts.  Read more : What Is PCM Rent? Is owning a house cheaper than renting ? What Is The Rent In Bangalore For A 2 BHK Furnished House?
4 2023-01-31T17:08:31+00:00
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The cost of making a rent agreement in Mumbai can vary depending on various factors, such as the location, the length of the agreement, and the complexity of the terms and conditions. However, on average, the minimum rent agreement registration charges in Mumbai is around INR 1,000 to INR 2,000. This cost of rent agreement in Mumbai typically covers the drafting and printing of the agreement, as well as the necessary stamp duty and registration fees. Get the rent agreement registered to your name from NoBroker for a hassle-free process. What are online rent agreement charges in mumbai? For online rent agreements, the charges in Mumbai can be lower compared to traditional methods, as they eliminate the need for physical visits to government offices. On average, the charges for an online rent agreement in Mumbai start from around INR 500, which may include the cost of drafting, printing, and registering the agreement. Some popular online platforms for rent agreement services in Mumbai include NoBroker, LegalRaasta, MyAdvo, and LawRato. Examples of additional costs other than rent registration charges in mumbai include the following. Notary Fees: The notary fees for certifying the agreement can range from INR 100 to INR 500, depending on the complexity of the agreement and the location. Stamp Duty: The stamp duty charges in Mumbai are based on the rent amount and the length of the agreement, and can range from INR 10 to INR 50, depending on the specific circumstances of each case. Generally, a rent agreement is made for eleven months.  Registration Fees: The registration fees in Mumbai are based on the value of the property and can range from INR 200 to INR 500, depending on the specific circumstances of each case. If I get any more information on rent agreement registration charges in Mumbai, I will add it here. Read more: How to do online police verification of rent agreement? How to do rent agreement police verification online? Can we make back dated rent agreement?
7 2024-02-15T10:07:08+00:00
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Being a tenant, I have recently registered my rent agreement in Mumbai from NoBroker. So I was required to pay Rs. 2362 as the registration charges for rent agreement in Mumbai. A flat registration and stamp duty charges for rent agreement in Mumbai of 0.25% of the total rent for the term applies to leave and licence agreements in Maharashtra.

How to Get the Rent Agreement Cost Mumbai?

  1. Agreement Duration in my case it was 11 months
  2. Agreement Start Date 
  3. Monthly Rent Amount, in my case it was Rs. 20000
  4. Refundable Deposit Amount, which was Rs. 50000
  • Select whether you are a tenant or owner
This will provide you with the approximate price that is Rs. 2362 The price breakup is as follows;
Item Breakup of Rent Agreement Fees in Mumbai
Govt Registration Fees Rs. 1,000
Document Handling Charges Rs. 300
Govt Stamp Duty Rs. 562
Doorstep Appointment Charges Rs. 500
I hope this helps! Read More: How can I get the Rent Agreement Drafted?

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