G.O. Ms. No. 63, Commercial Taxes and Registration Department (J1), 20th March 2020
The Government of Tamil Nadu, through the Commercial Taxes and Registration Department, issued G.O. Ms. No. 63 dated 20 March 2020 to reduce stamp duty and amend the registration fee for residential leases lasting up to five years. The stamp duty reduction is calculated at 25 paise for every Rs. 100 or part thereof of the payable amount, while the registration fee is charged at the same rate subject to a maximum of Rs. 5,000.
What the notification does
G.O. Ms. No. 63, issued by the Government of Tamil Nadu's Commercial Taxes and Registration Department on 20 March 2020, provides stamp duty and registration fee treatment for residential leases lasting up to five years. It covers lease instruments, under-leases, sub-leases, and agreements to let or sub-let residential property.
The Government of Tamil Nadu published the notifications in the Tamil Nadu Government Gazette Extraordinary on 21 March 2020. One notification exercises powers under the Indian Stamp Act, 1899. The other amends the Tamil Nadu Table of Fees under the Registration Act, 1908.
Stamp duty reduction
The Indian Stamp Act notification reduces the duty chargeable on qualifying residential lease documents to the extent of 25 paise for every Rs. 100, or part of Rs. 100, of the relevant payable amount.
The calculation applies to the total of the following amounts, where payable:
- Rent.
- Fine.
- Premium.
- Advance.
The document must concern a residential lease with a period of up to five years. The notification expressly includes an under-lease, sub-lease, agreement to let, and agreement to sub-let.
Registration fee amendment
The Registration Act notification amends Article 1, clause (e), of the Tamil Nadu Table of Fees. For the same category of residential lease documents lasting up to five years, the registration fee is:
- 25 paise for every Rs. 100 or part thereof.
- Calculated on the total rent, fine, premium, or advance payable, if any.
- Limited to a maximum of Rs. 5,000.
Who may be affected
The notifications are relevant to owners, landlords, tenants, sub-landlords, sub-tenants, and professionals preparing or registering residential lease documents in Tamil Nadu. The stated treatment is limited to residential purposes and lease periods of up to five years. The source does not extend it to longer leases or leases for non-residential purposes.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Does the concession apply to a residential rental agreement for five years?
Yes. The notifications cover residential leases and agreements to let or sub-let where the lease period is up to five years.
How is the registration fee calculated?
It is charged at 25 paise for every Rs. 100 or part thereof of the total rent, fine, premium, or advance payable. The registration fee is capped at Rs. 5,000.
Are sub-leases covered?
Yes. The notifications expressly include under-leases, sub-leases, and agreements to sub-let for residential purposes, provided the lease period is up to five years.
Does the notification cover commercial leases?
The stated stamp duty reduction and registration fee treatment apply to leases for residential purposes. The source does not include commercial leases.
