Yes, Stamp Duty is leviable on Leave and License agreement.
Rates of Stamp Duty for every 11 months are as under:
If annual Rent + deposit is
below Rs. 2,50,000 then Rs. 750 Stamp Duty.
between Rs. 2,50,001 to Rs. 5,00,000/- Rs. 1500/- Stamp Duty.Above Rs. 5,00,000/- Rs. 3000/- Stamp Duty.
Registration fees is Rs 1000/-
Agreement for a period exceeding three years but not more than ten years with or without any renewal clause. Stamp duty is leviable on thrice the amount of average annual rent.
Agreement for a period exceeding ten years but not more than 20 years with or without any renewal clause.
Stamp duty is leviable on 5 times the amount of average annual rent.
