Paying Guest Agreement on how much stamp paper

sachin Yewale

Replied 5 years ago

Agreement has to be registered or notarized. Is it legally valid on Rs.100 stamp because i heard that agreement has to be made on Rs.500/- stamp only?

Deepak Yashwantrao Bade

Replied 5 years ago

Dear client it depends on your choice.you can make agreement on 100rs or 500rs bond paper but legal value of both bonds are same enforceable.kindly notarized and registered agreement with witnesses.

sachin Yewale

Replied 5 years ago

If for a single person i make notarized agreement on Rs.100/- stamp paper. Stay Duration is 6-months and monthly rent is Rs.2600/- per month. I take 2-months rent in advance with no deposit and after 2-months complete if he wants to stay further i again take next 2-months rent in advance. Will this notarized agreement on Rs.100/- stamp paper enforceable in court incase if any legal problem arises with Paying Guest. Or court will ask for agreement on Rs.500/- stamp paper?

sachin Yewale

Replied 5 years ago

Agreement has to be registered or notarized. Is it legally valid on Rs.100 stamp because i heard that agreement has to be made on Rs.500/- stamp only?

Aashish Kumar

Replied 5 years ago

It is upto you. If u want to register it in tehsil or sdm office then u have to pay stamp duty of around 4to6% of rent amount as per the time period of agreement plus 1%for registration charges. And if u don't want to register then u may make the agreement on 100rs stamp paper and get notarized.

sachin Yewale

Replied 5 years ago

If for a single person i make notarized agreement on Rs.100/- stamp paper. Stay Duration is 6-months and monthly rent is Rs.2600/- per month. I take 2-months rent in advance with no deposit and after 2-months complete if he wants to stay further i again take next 2-months rent in advance. Will this notarized agreement on Rs.100/- stamp paper enforceable in court incase if any legal problem arises with Paying Guest. Or court will ask for agreement on Rs.500/- stamp paper?

sachin Yewale

Replied 5 years ago

Agreement has to be registered or notarized. Is it legally valid on Rs.100 stamp because i heard that agreement has to be made on Rs.500/- stamp only? Duration most probably 1-month to 6-months and its flexible. Rent is taken on monthly or 2-months rent at a time. No deposit.