Registered Rent Agreement Cost in Gurgaon

Are you looking to rent a property in Gurgaon? If yes, then a registered rent agreement is mandatory. A registered rent agreement is a legal document that protects the landlord and the tenant’s interests. It is a crucial agreement that stipulates the terms and conditions of the rental property. This article discusses the cost of a registered rent agreement in Gurgaon.

In Gurgaon, the cost of a registered rent agreement varies based on several factors such as the rental value, stamp duty, and registration fees. The stamp duty and registration fees are fixed by the government and vary from state to state. In Gurgaon, the stamp duty for rent agreement is 2% of the total annual rent and registration fees are Rs. 1000.

Suppose the annual rent of a property is Rs. 2,40,000, then the stamp duty will be Rs. 4,800, and the registration fee will be Rs. 1000, making the total cost of registered rent agreement Rs. 5,800. However, in case the rental value is not fixed or varies, then the stamp duty and registration fee will be calculated based on the average rental value of the property.

It`s important to note that the cost of a registered rent agreement in Gurgaon may vary based on the type of property. For instance, if the property is owned jointly, then the stamp duty will be higher as compared to a single-owner property. Additionally, if the rental value of the property is higher, then the stamp duty will also be higher.

In conclusion, a registered rent agreement is a must-have legal document for every tenant and landlord to avoid any legal disputes in the future. The cost of a registered rent agreement in Gurgaon varies based on several factors, such as rental value, stamp duty, and registration fees. It is recommended to consult an experienced lawyer or a real estate agent to ensure that the rental agreement is drafted correctly and the cost is calculated accurately.