Official Maharashtra Stamp Duty Formula
Under Article 36A of Schedule-I of the Bombay Stamp Act, 1958 (amended), stamp duty on a leave and license agreement in Maharashtra is charged at a flat rate of 0.25% of the total consideration value.
Formula: Total Taxable Consideration
Total Consideration = (Monthly Rent × Number of Months) + (10% × Refundable Deposit × Tenure in Years)
Stamp Duty = Total Consideration × 0.25% (rounded up to nearest ₹100).
Step-by-Step Calculation Example
Let us consider a typical 11-month rental in Mumbai or Pune with:
- Monthly Rent: ₹25,000 / month
- Refundable Security Deposit: ₹1,00,000
- Tenure: 11 months (treated as 1 year for deposit calculation)
1. Rent Component: ₹25,000 × 11 = ₹2,75,000
2. Deposit Interest Component: 10% of ₹1,00,000 × 1 year = ₹10,000
3. Total Consideration: ₹2,75,000 + ₹10,000 = ₹2,85,000
4. Stamp Duty (0.25%): ₹2,85,000 × 0.0025 = ₹712.50 ≈ ₹800 (Rounded)
5. Government Registration Fee: ₹1,000 (Urban Municipal Corporation area)
Government Registration Fee Structure
| Jurisdiction / Area | Registration Fee | Examples |
|---|---|---|
| Urban Municipal Corporations | ₹1,000 | BMC Mumbai, TMC Thane, PMC Pune, PCMC, NMMC |
| Rural / Gram Panchayat Areas | ₹500 | Village Panchayats, Non-Municipal Belts |
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