Skip to main content

Procedure For Registration Of Rental Agreement

A draft of the rent agreement document needs to be made and it should include the following information:

Name and permanent residential address of both landlord and tenant, details of the property being given on rent, duration of the rental agreement, amount of monthly rent, and security deposit payable and any other terms and conditions that the tenant or owner have agreed upon. 

After verification by both landlord and tenant, the draft rent agreement document needs to be printed on a stamp paper of INR 100 or above. Both parties need to visit the Sub-Registrar’s Office under whose jurisdiction the property comes, for the registration of the agreement. After the payment of the stamp duty and registration charges at the office, the rent agreement is generated. Both the parties and witnesses will be asked to sign the document before the Sub-registrar.

Important documents that are required for rent agreement registration are a document mentioning the property details, proof of address of the property to be registered, photo ID of both the landlord and the tenant, demand draft of the stamp duty, and the registration amount. There needs to be two witnesses who should also provide their photo ID proofs at the office.

Comments

Popular posts from this blog

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...

Union Budget 2025 Increases TDS Limit on Fixed Deposit Interest

The Union Budget 2025 introduces a significant relief for fixed deposit (FD) holders by increasing the TDS (Tax Deducted at Source) threshold on interest income. The limit has been raised to ₹50,000 for general citizens (up from ₹40,000) and ₹1 lakh for senior citizens (doubling from ₹50,000). This change will take effect from April 2025 and aims to simplify tax deductions while easing the financial burden on depositors, particularly retirees. New TDS Limits on Fixed Deposit Interest 📌 For General Citizens : The TDS threshold is now ₹50,000 , compared to the previous ₹40,000. 📌 For Senior Citizens : The exemption limit has doubled from ₹50,000 to ₹1 lakh , offering significant tax relief. This means less TDS deduction on interest earnings , allowing depositors to retain more of their money. How TDS on Fixed Deposit Interest Works TDS is deducted when FD interest earnings exceed the specified threshold in a financial year. Banks deduct 10% TDS if the depositor provides their PA...

Hyderabad's ORR Is Set To Get World Class Makeover.

Telangana government is modernising the present ORR with par excellent than developed countries . Presently, the solar roof cycling track, widening of service roads, beautification by installing sculptures, development of lush greenery, construction of an a trumpet-shaped interchange at Neopolis Layout, and entry and exit ramps to connect ORR and nearby localities are underway. The projects on the ORR including the life-saving Trauma Care centres, Drip Irrigation Project and illumination of the entire ORR. Along with that a 21-km Solar-Roofed cycling track Cycling facility an improvised version of South Korean model will be a laid by next year  with the HMDA planning to generate 16MW of power through the solar roofing of the cycle track. The works are underway installing LED illimunation from kokapet to shamshabad which is generated from Solar-Roof Top cycling track. In this connection, the officials from HMDA also visited South Korea and studied a similar cycle track project between D...