Witness E-Signature Party Rental Contract For Free

In most cases, the tenant pays for the rental agreement, which includes the cost of drafting the agreement and stamp duty. The tenant is also responsible for registering the rental agreement, if applicable, as per local laws.

Customarily, a stamp paper of Rs. 20 to Rs. 100 can be used for a rental agreement of 11-month duration. Stamp papers are to be bought in the name of either of the parties, i.e buyer or seller involved in the rental agreement.

What value of stamp paper for rental agreement? AreaAmountAgreement PeriodGurgaon3.0% of the average annual rent5 to 10 yearsMaharashtra0.25% of the total rentUp to 60 monthsTamil Nadu1.0% of rent + deposit amountUp to 11 monthsUttar Pradesh4.0% of annual rent + depositLess than a year4 more rows

What is the Value of Stamp Paper for Rent Agreement? Rent agreement can be of 100 rs stamp paper which is the most commonly used value all over India.

In the case of rent contracts for 11 months or less, stamp paper of Rs. 100 or Rs. 200 can be used. However, every rent agreement needs to be registered if the rent tenure is greater than 11 months.

To make a house lease or rental agreement in Chennai, a stamp duty of 1 percent is applicable on total rental value, the maximum limit being Rs. 20,000.

For reasons that are well known to all, a non-judicial stamp paper with a value of Rs. 20/- is sufficient if the rental duration is set at eleven (11) months in Tamil Nadu.

Upload your tenant lease agreement to an electronic signature platform, like . Add fields for your signers to fill out like name, date, initials and signature. Send the document out to your tenants directly from the eSignature tool. Tenants electronically sign it and return it to you.