Stamp duty is a fee that is levied by the government on certain legal documents, including rental agreements or lease agreements. The amount of stamp duty for rental agreements varies according to the state in which the property is located. If you are a landlord or a tenant, it is important to know how much stamp duty you will be required to pay for your rental agreement.

In most states, the stamp duty for rental agreements is calculated based on the annual rent payable or the total rental amount for the entire lease period. The stamp duty rates for rental agreements vary from state to state, and it is important to check the current rates before entering into any rental agreement.

To give you an idea, the stamp duty for rental agreements in Maharashtra is calculated on the basis of the annual rent payable. If the annual rent payable is less than Rs. 1.5 lakh, then a flat stamp duty of Rs. 1000 is applicable. For an annual rent payable between Rs. 1.5 lakh and Rs. 3 lakh, the stamp duty is 0.25% of the total rent payable for the lease period. For an annual rent payable of Rs. 3 lakh to Rs. 7.5 lakh, the stamp duty is 0.5% of the total rent payable for the lease period. For an annual rent payable above Rs. 7.5 lakh, the stamp duty is 0.6% of the total rent payable for the lease period.

In Delhi, the stamp duty for rental agreements is calculated on the basis of the total rent payable for the entire lease period. The stamp duty rates vary from 2% to 5% depending on the lease period.

In states like Karnataka, the stamp duty for rental agreements is calculated on the basis of the total rent payable for the entire lease period. The stamp duty rates vary from 0.1% to 3% depending on the lease period.

It is important to note that stamp duty is a one-time payment that is paid at the time of registration of the rental agreement. Failure to pay stamp duty can result in legal issues and penalty charges.

In conclusion, the stamp duty for rental agreements varies from state to state and is calculated on the basis of the total rent payable for the entire lease period or the annual rent payable. As a landlord or a tenant, it is important to check the current stamp duty rates before entering into any rental agreement and to ensure that the stamp duty is paid on time to avoid legal issues.