This information is relevant to Pune, Maharashtra. Introduction – A Leave and License Agreement is generally known as a Rent Agreement, but the correct term is Leave and License which means the owner of the property (Licensor) gives a License to another party (Licensee) to use the premises for a certain duration and for a…
Introduction A Commercial Rent/Leave and License Agreement is a contract between a property owner and a tenant for the use of the commercial property on a license basis, like a shop, office, godown, hotel, etc. The property owner is called a Licensor and the person who is taking a property on a license basis is…
Cancellation vs Correction Deed A cancellation deed is a legal document used to cancel a previously registered legal agreement or deed. This can be done for a variety of reasons, like, if both the parties to the agreement want to back out mutually. A correction deed or a deed of rectification is a legal document…
In Pune and Pimpri Chinchwad, the Metro Cess is a tax levied by the concerned local government body (Municipal Corporation, Municipal Council, etc.). It is applicable on property transfers by way of Gift Deed, Agreement to Sell, Sale Deed, Deed of Assignment, etc. Currently, Metro Cess is levied at a rate of 1% on the…
Property Document Registration – In the registration process citizens can register the documents like Sale Deed, Agreement for Sale, Power of Attorney, Leave and License Agreement, Will, Mortgage Deed, etc. After registration, the document gets stored in the Government Database with one unique document number. All the registered documents get stored as public records (except…
If you want to purchase, sell or gift any immovable property in Pune, Maharashtra, like New Flat, Bungalow, Open Plot, or any resale Property then you will need to pay the Stamp Duty charges. These charges include Stamp Duty, LBT, and Metro Cess. Department of Registration and Stamp, Maharashtra has provided an online stamp duty…
Recently while uploading a video on youtube I have seen this option, so I did a research on it and got to know the following things. While uploading the video it is compulsory to declare whether the video is made for kids as YouTube needs to comply with the US Children’s Online Privacy Protection Act…
Type of Property and Contract Stamp Duty, LBT & Registration Charges Corporation Stamp Duty, LBT & Registration Charges in Rural Areas Sale Deed/Agreement of New Flat, Office, Shop, Bungalow, etc. 5% Stamp Duty + 1% LBT + 1% Metro Cess + 1% Registration Charges (Max. Rs. 30,000/-) 4% Stamp Duty + 1% LBT + 1%…