One landlord person shop rent to tenant other person Question: Lease period limit 11 months or above mentioned in rent agreement stamp duty pay compulsory or not

In India, according to the Indian Stamp Act, 1899, a lease agreement exceeding 11 months must be mandatorily registered and stamped to be considered valid and enforceable in a court of law. Stamp duty is based on the rental amount and the term of the lease, and therefore stamp duty payment is compulsory for lease agreements exceeding 11 months.

It is important for both the landlord and the tenant to ensure that the lease agreement is properly stamped and registered to avoid any legal issues in the future. Failure to pay the required stamp duty can lead to penalties and the agreement may not be admissible as evidence in case of any disputes between the parties.