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If your landlords title is registered, then you must register the lease, no matter what the term. If your landlords title is unregistered, the lease will only need to be registered if it is granted for a term more than 7 years.
Registering a lease with the land registry gives your lease the formal legal status of a legal estate.
It is the tenants responsibility to complete the registration. Failure to register the lease within the relevant time period means it is not a valid legal lease and only takes effect as an equitable lease, or possibly a legal periodic tenancy.
Stamp Duty on lease agreement in Maharashtra All leave and license agreements must be stamped with a flat stamp duty charge of 0.25 percent of the total rent for the period. Note that the rate of stamp duty in Mumbai is the same for residential and commercial properties for a period not exceeding 60 months.
You can obtain an Official Copy of your lease directly from the Land Registry only by making a postal application using form OC2 . You cannot obtain leases directly from the Land Registry online.
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