In Maharashtra, holiday and licensing contracts must be stamped with a flat rate of 0.25 per cent of the total rent for this period. If a non-refundable bond is also paid to the lessor, stamp duty will be levied at the same rate on these non-refundable bonds. MAHARASHTRA GOVERNMENT Thursday, July 8, 2000 Part 4 A REVENUE and Forest Department Mantralaya, Mumbai 400,032, dated June 8, 2000 Notification The Registration Act, 1908. No. RGN.2000/2120/CR-592/M-1- In the exercise of the powers conferred by paragraphs 78 and 79 of the Registration Act, 1908 (XVI 1908), in its application to the State of Maharashtra, read with subsection (1) of Section 55 of the Mahartra Rent Act Control, 1999 (Mah. 18th of 2000), the government of Maharashtra amended the ROYALty TABLEAU, which was established under Section 78 and published under the government`s note, Ministry of Taxation No. 2000, effective in 2000. Rgn. 1558/67731-N, dated 17 July 1961, as requested in section 79, namely: in the royalty table above, the following article is interested in Article III, namely; “III A For the registration of a document of the leave and licensing agreement, if this document relates to the property; A borders; Municipal Corporation 1000 In any other area 500 On order and on behalf of the Governor of Maharashtra, P. G. CHHATRE Undersecretary Government To reduce the incidence of stamp duty, people used to pay a substantial amount as an interest-free surety, with nominal rent. This gap has been filled and, in cases where a refundable deposit is recovered by the owner, a fictitious annual rate of 10% is set on an interest-free deposit and you must pay stamp duty at the same rate for each year of the term of the licence agreement.

Section 52 of The Indian Easements Act, 1882, defines vacation and licensing agreements. This section states: “If a person grants another person or a number of other persons the right to do or continue to do something on or on the land of the funder who, in the absence of such a right, would be unlawful and such a right does not constitute relief or interest in the property, the right is qualified as a licence.” Article 36, paragraph A, point A), in clause a), …….


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