I have been a tenant for 16 years and our lease is concluded in 2003, we (j & lessor) have to make a new contract and it must register. Registration under this law is mandatory for rental/lease agreements. Even if the agreement is entitled „license“ or „leave & license“, if the terms of the agreement confer a right to the immovable property, such an agreement must be registered in accordance with this law. The „contractual conditions“ determine the nature of the agreement, not the „title“ attributed to that contract. 1. The holiday and license agreement is valid throughout India. In accordance with section 35 of the Indian Stamp Act, 1899 [Amended vide Tamil Nadu Act 31 of 2004], the stamp duty payable on the lease, including a sublease agreement, is set out in the table below: a. If the rental period is less than thirty years, one rupee is payable for each Rs.100 or part of the amount of rent, fine, premium or advance, if any;b. If the term of the lease/lease is thirty years or more, up to four rupees for each Rs.100 or part of the amount of rent, fine, premium or down payment, if any, payable;c. If the duration of the lease is longer than eighty-nine years, seven rupees shall be payable for each Rs.100 or part of the amount of the rent, fine, premium or advance, if any:provided that, in any case, if a rental agreement is stamped with the value required for a rental agreement and a lease is subsequently performed under this contract, the tax on this lease may not exceed twenty rupees. Stamp duty and registration fees remain the same for men, women and common buyers in Tamil Nadu.
6. So always opt for the holidays and the license if you are the owner yes! You must register your new lease in accordance with the Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act 2017 3. The licensee is only a resident who has the right to occupy the premises under the Yes contract. The lease is treated as a new lease and must therefore be registered with the rental authority in accordance with section 4. (1) Unless otherwise resulted in the lease agreement, the interest rate that the lessee must pay to the lessor on rent arrears and other taxes payable is eight percent (8%) per annum. . . .