Lease Agreement / Property Deed Registration in Gurgaon
.A Lease Deed or a Lease Agreement refers to an agreement between the lessor and the lessee under which the lessee (tenant) agrees to pay periodic rent to the lessor (landlord) for the use of an immoveable property.
A lease of an immovable property for any term exceeding one year has to be compulsorily registered with the sub registrar, Gurgaon.
Where a lease of immovable property is made by a registered instrument, such instrument shall be executed both by the lessor and the lessee.
Important points to note in relation to registration of Lease Deed in Gurgaon are :
1. Stamp duty is payable @ 1.5% of the average annual rent in the case of lease agreements for a term upto 5 years and @ 3% of the average annual rent in case of lease agreements for a term greater than 5 years, but upto 10 years.
2. Registration fee is payable on the basis of the Average Annual Rent and varies between Rs.1,500/- to Rs.16,000/-.
3. Both the Lessor / Landlord(s) and Lessee / Tenant(s) have to present themselves before the Sub Registrar for the execution and registration of the Lease Agreement alongwith their two passport size photographs and identification documents .
4. The Presence of two witnesses alongwith identification documents is also required in the Sub Registrar Office for the Registration of Lease Deed / Lease Agreement.
Cost Involved in Registration of Lease Deed in Gurgaon
The below table provides the approximate cost involved in the registration of lease deeds for terms of 3 years, 6 years and 9 years for different monthly rents:-
A lease of an immovable property for any term exceeding one year has to be compulsorily registered with the sub registrar, Gurgaon.
Where a lease of immovable property is made by a registered instrument, such instrument shall be executed both by the lessor and the lessee.
Important points to note in relation to registration of Lease Deed in Gurgaon are :
1. Stamp duty is payable @ 1.5% of the average annual rent in the case of lease agreements for a term upto 5 years and @ 3% of the average annual rent in case of lease agreements for a term greater than 5 years, but upto 10 years.
2. Registration fee is payable on the basis of the Average Annual Rent and varies between Rs.1,500/- to Rs.16,000/-.
3. Both the Lessor / Landlord(s) and Lessee / Tenant(s) have to present themselves before the Sub Registrar for the execution and registration of the Lease Agreement alongwith their two passport size photographs and identification documents .
4. The Presence of two witnesses alongwith identification documents is also required in the Sub Registrar Office for the Registration of Lease Deed / Lease Agreement.
Cost Involved in Registration of Lease Deed in Gurgaon
The below table provides the approximate cost involved in the registration of lease deeds for terms of 3 years, 6 years and 9 years for different monthly rents:-
Monthly Rent | 3 years | 6 years | 9 years |
---|---|---|---|
Rs. 50,000 | Rs.22,000-Rs.24,000 | Rs.32,000-Rs.34,000 | Rs.33,000-Rs.37,000 |
Rs. 2,00,000 | Rs.56,000-Rs.59,000 | Rs.1,02,000-Rs.1,07,000 | Rs.1,08,000-Rs.1,15,000 |
Rs. 5,00,000 | Rs.1,15,000-Rs.1,20,000 | Rs.2,20,000-Rs.2,30,000 | Rs.2,35,000-Rs.2,50,000 |
Our company provide services for Drafting & registration of only Commercial Lease Deeds in Gurgaon.
To get your Lease Agreement registered, you may contact us at +91-8800418408.
Important Clauses in a Lease Agreement:
Some of the common points that are to be considered while drafting a Lease Deed / Lease Agreement are as follows:
- Description of the Parties to the lease
- Term of the Lease
- Monthly Rent payable
- Date and mode by which the rent is payable
- Whether the lessee can sub-lease
- Indemnity Provisions
- Grounds for termination of the agreement
- Fixtures and fittings provided by the lessor and their maintenance
- Rent escalation clause specifying when the rent can be increased and at what rate
- Who will bear the routine repair and maintenance expenses of the house - both minor and major repairs
- In case the lease deed needs to be registered, distribution of the stamp duty and registration expenses
- Notice period that needs to be given by either party to terminate the lease
Areas Covered : We provide services in the following areas of Gurgaon:
MG Road, Gurgaon, HUDA, Sohna Road, Golf Course Extension Road, Ambience Island, Ansal Essencia, M3M Golf Estate, Central Park 2, Vipul Greens, JMD Gardens, Ardee City, DLF Aralias, DLF Garden City, DLF Phase 1, South City 1, South City Part 2, Suncity, Sushant Lok 1,DLF Phase 2, DLF Phase 3, DLF Phase 4, Vilas, Raheja Atlantis, Pioneer Park, Emaar MGF, DLF Phase 5, Garden Estate, Greenwood City, Housing Board Colony 7, 10, 17, 42, 52, 53, Jharsa, Sukhrali, Saraswati Vihar, ITC Laburnum, Jalvayu Vihar, Malibu Town, Mayfield Garden, National Media Center, , Eldeco Mansionz, Florence Villas, Vista Villas, Uniworld City, Laburnum, MGF, Nirvana Country 1, Palam Vihar, Parsvnath Exotica, Rosewood City, Sector 1, 2, 3, 3A, 4, 5, 7, 9, 9A, 10, 10A, 12, 12A, Sector 14, 15, 17, 27, 28, 30, 31, 42, 43, Sector 18, 19, 20, Sector 21, 22, 22A, 23, 23A, 39, 45, 46, 47, 48, 49, 50, 51, 52, 55, 56, 57, Sector 25, 36, Sector 29, Sector 38, 40, 41, 53, 54, Sector 58-66, Sector 67, Sector 68-113, 37, 37D, Sushant Lok Phase 2, Sushant Lok 3, The Verandas, Unitech World Spa, Uniworld Resorts, Uppal Southend, Vatika City, Vatika India Next, Vipul World, Tata Primanti, Unitech South Park, Vistas, NH8, DLF, M3M, Orris, Tulip Infratech, Bestech, Godrej, Mapsko, Ireo, Ansal, Raheja, Supertech, Omaxe, Amrapali, BPTP, Ansal,
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Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website. IMT Manesar, HUDA, Haryana
Disclaimer: The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The use of this web site, and the sending or receipt of information does not create an attorney-client relationship. By using this website you agree that there has been no advertisement, solicitation, invitation or inducement of any sort whatsoever from us to solicit any work through this website. IMT Manesar, HUDA, Haryana