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Expenses for Lease Transaction

It is our endeavor to bring before you, accurate details on incidental expenditure you will incur on property transactions. We hope this will serve to give you a true indicator of the different issues involved in such deals and help you make an optimal choice.

On purchase of property the government has imposed stamp duty charges. Additional to that, in a registered society, transfer charges are applicable, approximate figures are mentioned below.

Expenses for Lease Transaction
Residential

Registration Fees: Rs.1,000/-
Stamp Duty 

  12 Months 24  Months  36  Months  48 Months  60  Months 

Months Where the amount of Average Annual Rent plus
Security Deposit or Money Advance or to be
Advance is Rs.1 to Rs. 2,50,000

750 1,500 2,250 3,000 3,750
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 2,51,000/- to Rs. 5,00,000/-
1,500 3,000 4,500 6,000 7,500
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 5,01,000/- to Rs. 10,00,000/-
3,000 5,000 9,000 12,000 15,000
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 10,00,000/- & Above
5,000 10,000 15,000 20,000 25,000

 Commercial

Registration Fees: Rs.1,000/-
Stamp Duty 

  12 Months 24  Months  36  Months  48 Months  60  Months 

Months Where the amount of Average Annual Rent plus
Security Deposit or Money Advance or to be
Advance is Rs.1 to Rs. 2,50,000

1,500 3,000 4,500 6,000 7,500
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 2,51,000/- to Rs. 5,00,000/-
3,000 6,000 9,000 12,000 15,000
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 5,01,000/- to Rs. 10,00,000/-
6,000 12,000 18,000 24,000 30,000
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 10,00,000/- & Above
10,000 20,000 30,000 40,000 50,000

 

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