How many rupees stamp paper required for making a six lacks lease agreement?

Answer 1

THE STAMP ACT, 1899

(Act II of 1899)

LEASE, including an underlease or sub-lease and any agreement to let or sub-let-

(a) where by such lease the rent is fixed and no premium is paid or delivered-

(i) where the lease purports to be for a term of less than one year.

[237][Two percent of] the whole amount payable or deliverable under such lease.

(ii) where the lease purports to be for a term of not less than one year but not more than three years.

[238][Two percent of] the amount or value of the average annual rent reserved.

(iii) where the lease purports to be for a term in excess of three years, but not more than twenty years.

[239][Two percent of the] consideration equal to the amount or value of the average annual rent reserved.

(iv) where the lease purports to be for a term in excess of twenty years or in perpetuity;

[240][Two percent of the] consideration equal to the whole amount of rents which would be paid or delivered in respect of the first ten years of the lease.

(v) where the lease does not purport to be for any definite term.

[241][Two percent of the] consideration equal to the amount or value of the average annual rent which would be paid or delivered for the first ten years, if the lease continued so long.

(b) (i) where the lease is granted for money advanced and where no rent is reserved.

[242][Two percent of the] consideration equal to the amount of such advance as set forth in the lease.

(ii) where the lease is granted for a fine or premium and where no rent is reserved.

[243][Two percent of the] consideration equal to the amount of such fine or premium as set forth in the lease.

(c) (i) where the lease is granted for money advanced in addition to rent reserved:

[244][Two percent of the] consideration equal to the amount of advance as set forth in the lease, in addition to the duty which would have been payable on such lease, if no advance had been paid or delivered; provided that, in any case when an agreement to lease is stamped with the ad valorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed [245][one hundred rupees].

(ii) where the lease is granted for a fine or premium in addition to rent reserved.

[246][Two percent of the] consideration equal to the amount of such fine or premium as set forth in the lease, in addition to the duty which would have been payable on such lease if no fine or premium had been paid or delivered; provided that, in any case when an agreement to lease is stamped with the ad valorem stamp required for a lease and a lease in pursuance of such agreement is subsequently executed, the duty on such lease shall not exceed [247][one hundred rupees].

Exemption

Lease, executed in the case of a cultivator and for the purposes of cultivation (including a lease of trees for the production of food or drink) without the payment or delivery of any fine or premium when a definite term is expressed and such term does not exceed one year, or when the average annual rent reserved does not exceed one hundred rupees.

36.

LETTER OF ALLOTMENT OF SHARES in any company or proposed company or in respect of any loan to be raised by any company or proposed company.

[248][Two rupees].

See also CERTIFICATE OR OTHER DOCUMENT (No. 19).