It is often common for people to create buffer paper leases with minimum values such as Rs.20/, 50/- or 100/- etc. The goal is to save money on the payment of stamp duty imposed by the government. In general, the difference between public and minimum royalties is very small. As long as there is no dispute between the landlord and the tenant, it goes well. Now let`s see an example: […] If, in the process of executing a lease or lease, you have questions like – How can I register a lease? Where do I sign up? What are the necessary copies?, of course. In addition to answers to these questions, we also offer legal documents and delivery services that include the purchase of stamp paper. […] But if Ashok first made the deal by paying the right stamp duty, it should have paid only Rule 1860/- With the introduction of these amendments, the document included contracts for transfer for compensation, all land, including the agreement for sale within the meaning of Section 53A of the Transfer of Property Act,1882, must be registered if they were executed on September 24, 2001. Amit rented his apartment in Vikas for rent. He made the agreement on the stamp paper of value.
But he did not record it in the lower house. The agreement was signed by both parties. For the first 4 months, Vikas paid the rent correctly. the rent was set at Rs 5000. After four months, Vikas ended the rent payment. Amit went to the Court of Justice. Although his consent was duly paid, the court refused to accept the act as evidence. Vikas claimed that the rent was only 1500, not 3,500/, as Amit claimed. He also refused to sign the deed and totally denied entering into an agreement with the owner. As the document was not recorded, it could never be used as evidence and, for lack of evidence, Amit lost the fight. Stamp duty is an surcharged royalty, legally based on the value of the building, which serves as evidence for any type of purchase or sale.