Wondering what is the rent agreement stamp duty in Bihar?
In Bihar, stamp duty on rent agreements is assessed at 1% of the rent amount that needs to be paid.
Moreover, to calculate the exact stamp duty for your specific rental amount in Bihar, follow these steps:
Determine the Rental Amount: First, know the annual rent agreed upon in your rent agreement.
Choose the Duration and Calculate the Stamp Duty:
If the agreement is for less than or equal to 11 months, the stamp duty on rent agreement in Bihar is 1% of the annual rent or Rs. 500, whichever is less.
If the agreement is for more than 11 months but less than or equal to 5 years, the stamp duty is 6% of the average annual rent.
If the agreement is for more than 5 years, the stamp duty is 8% of the average annual rent.
You can pay the registration fees for rental agreements in any sub-registrar's office in Bihar. A witness who is also required to sign the rent agreement must be present when it is executed. I hope this helps you understand the rent agreement stamp paper amount in Bihar.
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What is Rent Agreement Stamp Duty in Bihar?
Raju76
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2024-06-25T14:18:04+00:00 2024-06-25T14:18:05+00:00Comment
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