| THE
NEW STAMP DUTY RATES FOR LEAVE AND LICENCE
AGREEMENTS |
| 1.
In case of residential premises in Pune
for a term not exceeding 60 months. |
| a) |
Where
the amount of average annual rent plus
security deposit, etc. does not exceed
Rs.2,50,000 for a single term of twelve
months. |
Rs.500
for every term of twelve months or part
thereof. |
| b) |
Where
the amount of average annual rent plus
security deposit, etc. exceeds Rs.2,50,000
but does not exceed Rs.5,00,000 for
single term of twelve months. |
Rs.1,000
for every term of twelve months or part
thereof |
| c) |
Where
the amount of average annual rent plus
security deposit, etc. exceeds Rs.5,00,000
for single term of twelve months |
Rs.2,000
for every term of twelve months or part
thereof. |
| 2.
In case of non-residential premises
in pune |
| a)
|
Twise
the amount of stamp duty chargeable
for residential premises under entry
(a), (b) & (c) as above. |
| 3.
In case of lease, stamp duty will be
based on the market value of the property.
The rates for stamp duty on lease are
as follows: |
| a)
|
For a
period not exceeding 5 years |
same
duty as on conveyance on 10% of the
market value of the property. |
| b) |
For
a period not exceeding 5 years but not
exceeding 10 years |
same
duty as on conveyance on 25% of the
market value of the property. |
| c)
|
For a
period not exceeding 10 years but not
exceeding 29 years |
same
duty as on conveyance on 50% of the
market value of the property. |
| d)
|
For a
period exceeding 29 years |
same
duty as on conveyance on 90% of the
market value of the property. |
| |
