Residents` charities welcomed the move, but said the one-month deadline was too short. “This is a good step for the administration, but the registration period for the stamp section should be increased to at least three months. There are a lot of people who have given their properties for rent, but who live in other cities, so it may be a while before people sign up. For the rest, it is important to register for our own stamp duty security,” said NP Singh, President of FONRWA. Also known as a precautionary deposit, is also a package collected by the tenant before moving in. This amount is essentially a guarantee for the damage suffered by the tenant for whom he refuses to pay or for the non-payment of the rent. If there is no trouble, the deposit will be fully refunded to the tenant at the time the keys are handed over. The county administration has launched an initiative to divert those who have not registered leases in order to circumvent stamp duty. Tenants have had until September 30 to comply, otherwise they will have to pay stamp duty, interest and a penalty. Certification is not a record and should not be confused. Certification is merely a method of deterrence and proof that the document was indeed signed by the parties involved in the treaty.

Non-notarized agreements are considered incidental to the courts only in the event of a dispute. We provide the fully developed lease to Noida, including the important terms and conditions. We provide a service at your door, in which what you need to do is provide us with your data by filling out the form (designed safely to collect your data), placing the order and we will quickly design your rental contract with the prescribed electronic stamp paper and deliver it to you on site. Buying a home is one of the most important financial decisions that everyone can make in their lifetime. It is a frightening financial and emotional experience where we recognize ownership when buying a home, we make a down payment, we apply for a loan, we sign the sales contract, etc. Then comes the possession which is the actual transfer of the property, but that is not enough, because we have to provide patented legal evidence. To do this, you should register the property in local municipal books on your behalf, with the seller reporting that the property is being sold. You must also pay a stamp duty at the time of registration, which is a state tax on real estate transactions. Note: it is the choice of the two parties who decide each other whether they wish to register the agreement by the notary or the Under-registration Office.

If you lease for more than a year it is recommended to register it at the lower agency with stamp duty, since the validity applies to notarized stamps in the case of a 1-year contract, even the registered lease have more power in terms of proof compared to Notarized Rental Agreement. Many employees or emigants in the capital choose Noida to rent a place for obvious reasons – rent are cheap, while the apartments are spacious and are complemented by all kinds of amenities. However, tenants who have not yet declared their lease expect problems. Officials in Noida will find you if you don`t fit a two-day deal; they have been in contact with housing companies in the city to collect data on tenants.