Section 17 of the Registration Act 1908 makes it compulsory to register a lease Section 17 (1) (d) rental of immovable property from year to year or for a period exceeding one year or the reservation of annual rent; In India, there are in principle two types of rental agreements: in Maharashtra, holiday and licensing agreements must be stamped, with a flat stamp duty rate of 0.25% of the total rent for the period. If a non-refundable deposit is also paid to the lessor, stamp duty is also levied on these non-refundable deposits. You can also use our customizable and lawyer-verified ready-to-use rentals to save time and money. Years – The minimum value of the buffer paper for the lease in Bangalore| Karnataka is the 20/ rule – although the frequently used buffer paper value is Rs. 100/- for the lease.