After successfully paying the required fee, the applicant must book an appointment with the sub-registration. Arrival at the sub-registrar with the required printed documents ensures that the successful registration of the applicant`s property is done quickly. To register the contract, you will need some basic documents from the tenant, landlord and witnesses, such as a passport-sized photo. B, a photocopy of proof of identity (for example. B PAN card) and the electricity bill or real estate document such as index II or receipt of taxes from the property that is rented. TDS provisions relating to rents paid under income tax legislation. Yes, the company cannot collect royalties for members who are not subject to the occupancy obligation, in accordance with the August 1, 2001 communication. 1) No, non-occupancy costs cannot be recovered if the member has given his or her home to close relatives or family members. 2) In any other case, the company may collect 10% of the service fee only to members and not from the entire maintenance account. Notification for non-occupancy fees Click for the download licence period: average month/year (no more than 60 months / 5 years) for renting a property such as housing, Office, Shop and Industrial on Leave and License basics u/a 36A of Maharashtra Stamp Act.
Refund deposit: Means the amount the taker (tenant) gave to the licensee (owner) as collateral (guarantee of good execution and compliance) for the occupancy of the property in good condition (except minimum wear). Non-refundable down payment (NRD) means the amount the licensee (tenant) gives to the licensor (owner) in advance, which must be adjusted according to the final monthly rent. Note: Tax Source (TDS): Applicable u/s 194 (i) of the Income Tax Act, 10% in 1961 for the total rent that was received in a fiscal year greater than $180,000/- or more. Stamp duty can be claimed in the form of tax deductions under Section 80C of the Income Tax Act. A stamp tax calculator is useful for determining how much you can collect from income tax returns. NOC policy is not required during the rental of the property on leave and licenses, but it is mandatory to send the verification form with the details of the owner/licensee, tenant/licensed and real estate agent at the local police station with the copy of the registered document. Police Verification Form to download Click here in advance rent for the period /non-refundable down payment B So far, stamp duty and GST are separate fees on the sale of a property, and as such have no impact on each other. The cost of stamp duty is generally 5 to 7% of the market value of the property. Registration fees are generally 1% of the market value of the property. As such, these fees can run into the rupee lakhs. To avoid losing money when buying your home and when registering the property on your behalf, make sure that you also collect stamp duty and registration fees if you apply for the amount of the home loan. There are several factors that determine the exact amount of stamp duty you must pay.
These are: `The market value of the property ` type of property, with the number of floors ` The intended use for the property, whether it is a place of residence or a place of activity ` Location of the property – Age and sex of the owner Now you can use our computer on your entire mobile device and tablet. Stamp Duty Ready Reckoner Calculator also included other important computational tools such as credit calculators, surface calculators, mortgage mortgage calculators for stamp duty calculation and registration fees and leave and license calculator for the Maharashtra State Only. It is very easy to calculate (for each twelve-month period) just choose the months then enter the refundable deposit value and or non-deposit value if mentioned in the document, then select the type of compensation/rental, and finally, select real estate in rural or urban areas