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Stamp duty is a tax which is applied by state governments in Maharashtra and is in relation to the Lease of the property for a temporary period, not more than 60 months, u/s 36A of Schedule I of the Bombay Stamp Act, 1958. The Registration fee varies depending on the property situated in Urban Area or Rural Area on Leave and License Agreement.
Each state in India has its own unique scale to collect stamp duty in form of taxes and we have provided the calculator for our users to enable them to calculate stamp duty on leave & license agreement for Maharashtra State.
We have developed Latest Calculator for calculating Stamp Duty & Registration Fee for Leave and License Agreement.
Now you can use our calculator on your entire mobile and tablet devices. Stamp Duty Ready Reckoner Calculator also have included other important Calculating tools like Loan Calculator, Area Calculator, Mortgage Property Calculator to calculate Stamp Duty and Registration fee and Leave and License Calculator for the Maharashtra State Only.
In the Maharashtra State it is mandatory to register the Leave and License Agreement and it is the responsibility and liability of the Landlord / Licensor to pay proper stamp duty u/a 36A of The Bombay Stamp Act, 1958 and should be registered u/s 17 of Registration Act, 1908.
Leave and License Agreement is whether for One (1) month or for Eleven (11) months is treated as 12 months, whether it is 50 sq ft or greater, whether it is Residential / Commercial or Industrial it is the same calculation for stamp duty and for registration charges it is different (for Urban or Rural).
Registration of leave and license is mandatory.
Registration of leave and license is mandatory under section 55 Maharashtra Rent Control Act, 1999
(MAH. ACT NO. 18 OF 2000)
(w.e.f. 31-3-2000)
Section 55. Tenancy agreement to be compulsorily registered.
(1) Notwithstanding anything contained in this Act or any other law for the time being in force, any agreement for leave and license or letting of any premises, entered into between the landlord and the tenant or the licensee, as the case may be, after the commencement of this Act, shall be in writing and shall be registered under the Registration Act, 1908.
(2) The responsibility of getting such agreement registered shall be on the landlord and in the absence of the written registered agreement, the contention of the tenant about the terms and conditions subject to which a premises have been given to him by the landlord on leave and license or have been let to him, shall prevail, unless proved otherwise.
(3) Any landlord who contravenes the provisions of this section shall, on conviction, be punished with imprisonment which may extend to 3 months or with fine not exceeding ₹ 5000/- or with both.
In Maharashtra state License governed under the Indian Easement Act, 1882.
Section 52. "License" defined : Where one person grants to another, or to a definite number of other persons, a right to do, or continue to do, in or upon the immovable property of the grantor, something which would, in the absence of such right, be unlawful, and such right does not amount to an easement or an interest in the property, the right is called a license.
Note : Letting a property on Leave and License basic does not allow any interest in the premises on the licensee's part and does specific certain rights of mere use and occupy, or enjoyment of a residential or commercial property for a limited period of duration.
Maharashtra Ordinance No. II of 2005 dated 07th May, 2005.
In Article 36(A)
(i) in column (1) for the word "thirty three months" the words "sixty months" shall be substituted;
(ii) in column (1) and (2) for the word "eleven months" the words"twelve months" shall be substituted;
From 1st May 2013, The new stamp duty rates for leave and license agreements are applicable.
As per newly amendment of sub-clause (a) in article 36A
b) In article 36A for sub clause (a) the following clause shall be substituted namely;
(a) Where the leave and license agreement purport to be for terms not exceeding sixty months, with or without renewal clause;
“0.25 percent of the total sum of;
(i) the license fee or rent payable under the agreement; plus
(ii) the amount of non refundable deposits or money advanced or to be advanced or premium by whatever name called; plus
(iii) the interest calculated at the rate of 10 percent per annum on the refundable security deposit or money advanced or to be advanced by whatever name called.”
As per newly introduced sub-section 2 of Section 70 of Maharashtra Stamp Act, 1958
In case of document on which stamp duty payable is one hundred and forty nine rupees then ₹ 49 shall be disregarded, or more than one hundred forty nine then the said amount will be rounded of to next one hundred rupees.
1) In other words if on a document stamp duty determined is ₹ 101 or more up to ₹ 149 then ₹ 100 is payable.
2) If stamp duty amount is ₹ 150 or more up to ₹ 199 then ₹ 200 is payable.
How to compute the stamp duty on Leave and License Agreement in Maharashtra ?
We have tried to explained it in the simple manner, so it easy to understand.
1. (R) Rent
12000/- [Monthly Rent]
2. (M) Months
12 [Months]
3. (TR) Total Rent =(R) x (M)
144000 = 12000 x 12
4. (RD) Refundable Deposit is 10%
10000 = 100000 x 10%
5. (NRD) Non Refundable Deposit
24000/-
6. (TA) Taxable Amount = (RD) + (NRD) + (TR)
178000 = 10000 + 2400 + 144000
8. (SD) Stamp Duty = (TA) x 0.25%
445 =178000 x 0.25%
9. (RSD) Rounded Stamp Duty (under sub-section 2 of Section 70 of M. S. Act, 1958)
400 (Rounded Stamp Duty)
GOVERNMENT OF MAHARASHTRA
Thursday, July 08, 2000
Part 4 A
REVENUE AND FOREST DEPARTMENT
Mantralaya, Mumbai 400 032, dated the 8th June 2000
NOTIFICATION
The Registration Act, 1908.
No. RGN.2000/2120/CR-592/M-1- In exercise of the powers conferred by sections 78 and 79 of the Registration Act, 1908 (XVI of 1908), in its application to the State of Maharashtra, read with sub-section (1) of section 55 of the Maharashtra Rent Control Act, 1999 (Mah. XVIII of 2000), the Government of Maharashtra hereby further amends, with effect from the date of issue of this Notification, the TABLE OF FEES prepared under the said section 78 and published under the Government Notification, Revenue Department No. RGN. 1558/67731-N, dated the 17th July 1961, as required by the said section 79, as follows, namely;
In the said TABLE OF FEES, after Article III, the following Article shall be interested, namely;
"III A For the registration of a document of agreement of leave and license, if such document is relating to the property situated;
in the area of limits of a;
Municipal Corporation ₹ 1000
In any other area ₹ 500
By order and in the name of the Governor of Maharashtra,
Under Secretary to Government
Licence Period : Means Months / Years (not exceeding 60 months / 5 years) for letting of an immovable property such as Residential, Office, Shop and Industrial on Leave and Licence basics u/a 36A of Maharashtra Stamp Act.
Refundable Deposit : Means the amount given by the Licensee (Tenant) to the Licensor (Owner) as a Security (Guarantee for the due performance and observance) for the maintaning the property in good condition (Except minimal wear and tear).
Non Refundable Deposite (NRD) : Means the amount given by the Licensee (Tenant) to the Licensor (Owner) as a Advance which has to be adjusted against the final monthly rent.
Note : Tax Deducted Source (TDS) : Is applicable u/s 194(i) of Income Tax Act, 1961 @ 10% for the Total Rent Received above ₹ 180000/- or greater in a Fincial Year.
Can Society collect Non–occupancy charges ?
Yes, Society can collect Non–occupancy charges @10% of the service charges only from members as per Notification of 1st August, 2001.
1) No, non occupancy charges can not recover if member has given his flat to nearby relative or family members.
2) In any other cases society can levy @10% of the service charges only to members and not on total maintenance bill.
Notification for Non-Occupancy charges Click for Download
Which forms are required to be submitted to Society for sub-letting the property ?
Form No.27 [Under the Bye-law No. 43(2) (I)] A Form of application for Permission to sub-let, give on leave and license or care-taker basis the flat or part or part thereof.
Form No.11 [Under the Bye-laws Nos.20 and 43(2) (ii)] The Form of application for Nominal Membership by the Sub-lettee the Licensee or the Caretaker or occupant
Forms to be submitted to Society under bye-laws. Forms
Police Verification Form / Society Forms No. 11 and 29
It is mandatory on the Licesors / Owners / Landlords to submit their tenant’s information to the nearest Local Police Station.
Is it necessary to get Police NOC for letting property on Leave and Licenses ?
Police NOC is not required while renting the property on Leave and Licenses Agreement, but it is mandatory to submit the verification form having details of Owner/Licensor, Tenant/Licensee and Estate Agent to the local police station along with the copy of registered document.
Police Verification Form for download Click Here
As per Article 36(A) of the Schedule I of the Maharashtra Stamp Act, 1958.
It is very easy to calculate, (for every term of twelve months) just select the Months then input the Refundable Deposit Value and or Non Deposit Value if mentioned in document, then select type of compensation / rent, and finally select property situated in Rural or Urban area and click on calculate button and you will get the STAMP DUTY & REGISTRATION FEE along-with TAX DEDUCTED AT SOURCE (T. D. S.) if applicable on the Leave & License Agreement.
| My Licence Period is | |||
| My Refunded Deposit | ₹ | ||
| My Non-Refunded Deposit | ₹ | ||
| TYPE OF COMPENSATION / RENT | |||
| Fixed | ₹ | ||
| Varying | |||
| Months | Rent | ||
| 1 To | |||
| To | |||
| To | |||
| To | |||
| To | |||
| THE PROPERTY SITUATED IN | |||
| Urban Area | |||
| Rural Area | |||
| StampDuty Rs | |||
| Registration Fee Rs | |||
| Rounding | |||
| We have calculated your Stamp Duty as per Article 36A of Schedule I of Bombay Stamp Act, 1958 which have arrived to ₹ /- Only. Rounded of to Rs. ₹ /- ( Rupees : Only) as per amended Section 70 of Bombay Stamp Act, 1958. And Registreation fee is ₹ | |||
Up till 31st May 2017 Tax Deducted at source (TDS) on Rent or Compensation is applicable u/s 194(i) of Income Tax Act, 1961 @ 10% for the total Rent or Compensation received or collected greater then or above ₹180000/- in financial Year.
Budget 2017 : Tax Deducted at source (TDS) on Rent is applicable u/s 194(i) of Income Tax Act, 1961 w. e. f. 1 st, June, 2017 If an individuals and HUF who pay rent per month of ₹ 50000 or above will have to deduct TDS @ 5% per month.
Note : The Online Leave and Licence Calculator for calculating Stamp Duty & Registration Fee which provides you with an indication of an amount of stamp duty and registration fee; your Advocate, Solicitor or Stamp Duty Consultant will be able to provide you with the final amount of the Stamp Duty and Registration Fee and its procedures. For TDS take help from Chartered Accountant. We always recommend our valuable users to obtain the proper Legal Advice from the professionals in these fields or confirm with the concerned authority. Read full Terms and Conditions carefully before using it.
How to calculate Market Value & Capital ValueWe have explained in details how to calculate Market value of Property, for paying Stamp Duty and Registration Fee, and have explained in details how to calculate Capital Value of property for Municipal Assessment Tax.
Maharashtra State Government has provided various types of facilities to the public for the payment of Stamp Duty through various types of mode and has appointed Nationalized Banks, Schedule Banks, Private Banks and the Co-operative Banks which are authorized by Reserve Bank of India. With view that the facility of payment of stamp duty is made easily available to the public therefore different arrangements are in force.
The Department of Registration and Stamp, Maharashtra State Government had appointed Authorised Service Providers to register Leave and License Agreement in Maharashtra.
Important Timeline of Maharashtra StateWe have provided the Timeline Events of Registration and Stamp Department, Maharashtra State.