Registration of rental agreement is mandatory for a rental period of more than 11 months
Below are the government charges for registration of rental agreement
- Stamp Duty: 1%
- Registration fee: 0.5%
- Scanning fee: Rs. 500 (approx)
Formula to calculate stamp duty and registration fee: Average annual rent + GST at 18% + Security deposit
For example:
- Monthly rent Rs. 25000
- Security deposit Rs. 1,00,000
- Duration: 12 Months
- Average annual rent: 25000X12/12= 25000
- GST at 18%: 25000*18% = 4500
Formula & Calculation : Average annual rent + GST at 18% + security deposit so 25000+4500+100000= 1,29,500/-
- Stamp Duty at 1%: 1,29,500 X 1% = 1,295
- Registration fee at 0.5%: 1,29,500 X 0.5% =647.5 (round off Rs. 648)
- Scanning fee: Rs. 500 (approx)
Hence, the total government charge is Rs. 2443
Renter, rentee and two witnesses must present in sub-registrar office for registration of rental agreement.
Registration of rental agreement is option for a rental period of less or equal to 11 months
In Karnataka, most of the residential rental agreements are made for a period of 11 months. Post the 11 months, agreement would be renewed for another 11 months on the mutual consent of owner and tenant
11-month rental agreement made on Rs. 200 non-judicial E-Stamp paper. 11-month agreement looks like image below
We provide rental agreement services. Same-day express delivery is available.
To opt for our service, please email us at pgnproperties@gmail.com or WhatsApp us at + 9 1 97424 79020.
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