Stamp Duty on Rental Agreement in Gujarat

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CA. Harsh Thaker

CA. Harsh Thaker (Querist)
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06 May 2011 What is the current rate of Stamp duty applicable to Rental Agreement for a residential flat in Gujarat ?

CS Bijoy

CS Bijoy (Expert)
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17 May 2011 Stamp Duty

COMPARISON CHART OF STAMP DUTY ON LEAVE AND LICENSE AGREEMENTS IN MAHARASHTRA
Effective from 7th May 2005

Duration 12 Months 24 Months 30 Months 48 Months 60 Months
Annual rent plus deposit or money advanced or to be advanced Resi. Comm. Resi. Comm. Resi. Comm. Resi. Comm. Resi. Comm.
Less than or equal to Rs. 2,50,000 750/- 1,500/- 1,500/- 3,000/- 2,250/- 4,500/- 3,000/- 6,000/- 3,750/- 7,500/-
Above Rs.2,50,000 and less than or equal to Rs.5,00,000 1,500/- 3,000/- 3,000/- 6,000/- 4,500/- 9,000/- 6,000/- 12,000/- 7,500/- 15,000/-
Above Rs.5,00,000 and less than or equal to Rs.10,00,000 3,000/- 6,000/- 6,000/- 12,000/- 9,000/- 18,000/- 12,000/- 24,000/- 15,000/- 30,000/-
Rs. 10,00,000 and above 5,000/- 10,000/- 10,000/- 12,000/- 15,000/- 30,000/- 20,000/- 40,000/- 25,000/- 50,000/-

Gujarat
i.For transfers other 10% On market value
than in co-operative
society in urban
area.
ii.For transfer 7.5% On market value
relating to
premises in Co-operative
Society registered
or deemed to have
been registered under
Gujarat Co-operative
Society Act, 1961.