Online registered rent agreement is a convenient and hassle-free way of creating a legally binding agreement between a landlord and a tenant. The process of registering a rent agreement online is simple and straightforward. It saves time, effort and money and is also an environmentally friendly option.

Pune, one of the largest cities in India, has a booming real estate market. The city has a large student population and a growing number of working professionals, which has led to an increase in the demand for rental properties. As a result, the cost of renting properties has also increased significantly in recent years. In this article, we will discuss the cost of online registered rent agreement in Pune.

The cost of creating an online registered rent agreement in Pune can vary depending on several factors such as the rental value of the property, the duration of the agreement, the number of occupants, and the location of the property. Typically, the cost of creating an online registered rent agreement in Pune can range from Rs. 3000 to Rs. 5000.

It is important to note that the cost of online registered rent agreement in Pune is inclusive of stamp duty and registration fees. As per the Indian Stamp Act, the stamp duty for online registered rent agreement is 0.25% of the total rent for a period up to 5 years. For agreements that exceed 5 years, the stamp duty is 0.5% of the total rent.

The registration fees for online registered rent agreement in Pune is Rs. 1000. This fee is payable to the Government of Maharashtra and is mandatory under the Registration Act. In addition to this, there may be additional charges for the services of a lawyer or a notary.

It is important to create a rent agreement that is legally binding and protects the interests of both the landlord and the tenant. Online registered rent agreements in Pune are authenticated by the Maharashtra government and are admissible in a court of law. It is advisable to create a registered rent agreement to avoid any future disputes or legal hassles.

In conclusion, the cost of online registered rent agreement in Pune is affordable and reasonable considering the benefits it offers. It is a convenient and legally binding way of creating a rent agreement that protects the interests of all parties involved. If you are a landlord or a tenant in Pune, it is advisable to create an online registered rent agreement.