What is the minimum cost for making a rent agreement in Mumbai?

Being a tenant, I have recently registered my rent agreement in Mumbai from NoBroker. So I was required to pay Rs. 2362 as the registration charges for rent agreement in Mumbai.

A flat registration and stamp duty charges for rent agreement in Mumbai of 0.25% of the total rent for the term applies to leave and licence agreements in Maharashtra.

How to Get the Rent Agreement Cost Mumbai?

• Click on this link,

  Online Rent Agreement | Lease Agreement | Rental Agreement Format - NoBroker

• Enter your 

1. Agreement Duration in my case it was 11 months

2. Agreement Start Date 

3. Monthly Rent Amount, in my case it was Rs. 20000

4. Refundable Deposit Amount, which was Rs. 50000

• Select whether you are a tenant or owner

This will provide you with the approximate price that is Rs. 2362

The price breakup is as follows;

I hope this helps!

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The cost of making a rent agreement in Mumbai can vary depending on various factors, such as the location, the length of the agreement, and the complexity of the terms and conditions. However, on average, the minimum

rent agreement registration charges in Mumbai

is around INR 1,000 to INR 2,000. This

cost of rent agreement in Mumbai

typically covers the drafting and printing of the agreement, as well as the necessary stamp duty and registration fees.

For online rent agreements, the charges in Mumbai can be lower compared to traditional methods, as they eliminate the need for physical visits to government offices. On average, the charges for an online rent agreement in Mumbai start from around INR 500, which may include the cost of drafting, printing, and registering the agreement. Some popular online platforms for rent agreement services in Mumbai include NoBroker, LegalRaasta, MyAdvo, and LawRato.

Examples of additional costs other than

rent registration charges in mumbai

include the following.

The notary fees for certifying the agreement can range from INR 100 to INR 500, depending on the complexity of the agreement and the location.

The stamp duty charges in Mumbai are based on the rent amount and the length of the agreement, and can range from INR 10 to INR 50, depending on the specific circumstances of each case. Generally, a rent agreement is made for eleven months. 

The registration fees in Mumbai are based on the value of the property and can range from INR 200 to INR 500, depending on the specific circumstances of each case.

If I get any more information on

rent agreement registration charges in Mumbai, I will add it here.

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Hey,

If you live in a rented property, you must already know that a landlord and tenant must get a renters agreement wherein details about the property, rent amount, security deposit, and rental tenure are mentioned. This rent agreement needs to be signed by both parties. Like any other contract, there are rent agreement charges in Mumbai and other cities. 

What is Rent agreement cost in Mumbai?

The documentation process is long drawn as police verification of the tenant is done as well. All states have different charges for the registration of a rental agreement. This means the amount I will share here for Mumbai might differ from the property-rent agreement in Delhi. For the most part, 0.25% of the estimated rent is the cost. This is mentioned in The Bombay Stamp Act, 1958. It is written in Article 25 of Schedule 1 that the registration charge is “ 0.25 per cent of the total rent for the period”. Typically this will be Rs 1100- Rs.1500. 

Minimum rent agreement charge and property registration charges are different. You can look at the formula given below to know stamp and registration charge costs as well. 

​​Monthly rental x No of months = A

Advance rent for the period/non-refundable deposit = B

10% x Refundable deposit x No of years of the agreement = C

Total amount subject to stamp duty = D = A+B+C

Stamp duty = E = 0.25% x D

Once the rental agreement has been signed, You can conduct online rent agreement registration on the official website of the Maharashtra government

I hope my explanation of rent agreement charges in Mumbai has cleared your doubts.