Introduction

In India, renting a property is a regular practice, and registering the rental agreement is an important part of this procedure. This used to take a lot of time, paperwork, and numerous trips to government offices. However, the introduction of digitalization has made online rent agreement registration more available and practical. This post by Jugyah will go over how to register a rental agreement online, as well as the advantages, costs, timing factors, and required paperwork.

What is the Procedure for Registering a Rental Agreement Online?

Registering a rental agreement online is a straightforward process:

Visit the website

Start by visiting the official website of the Maharashtra government's Department of Registration and Stamps. On the landing page, select the district in which the property is located. Then, create a password and fill the security code. Thereafter, click on ‘Next’.

Property Details

In step 2 you have to provide the property details. After completing the page, you have to click on the ‘Save’ button and then move forward by clicking on the button ‘Next: Party Details’.

Landlords’ details

On ‘Party Detail Page’ you have to enter the property’s landlord’s details. Save it and then click on the button ‘Add: Party Details’.

Tenants’ Details

Select the ‘licensee/tenant’ in the Party type on the same page and fill all the details. Save and click on the button ‘Add: Party Details’. Thereafter, click on ‘Identifier’.

Witnesses’ Details

Fill in the details witnesses (Identifiers). Click on add identifier and again fill the details for adding the second witness (A total of two witnesses are required). Click on ‘Next: Rent & Other Terms’.

Rental Details

Now, in this page you have to provide the information related to the rental details and terms and conditions as agreed by both the parties. You can pay the stamp duty and registration charges as displayed on the page. Check the draft document by clicking on ‘View Draft Document’.

Draft Details Verification

Verify the details in the draft document and if required you can make the changes in the document. After verification, click on ‘Execute”’.

Biometric Info

After clicking on ‘Execute’, a new page will open that will require the thumb impression of all the parties, along with their photographs. After adding the information, click on ‘Save’.

Photo and Biometric Verification

After saving you have to verify the photographs and thumb prints of parties and click on ‘Admission’.

Aadhar Details

Now provide the Aadhaar details of each party and verify the same through eKYC.

Final PDF Verification: Click on ‘Show PDF’, verify all the details and click on ‘Submit’.

Download Document: After clicking on the submit button, a token key will be generated. You can use that token key to download the registered agreement, along with the receipts for the payments.

Online registration of a rental agreement is not only practical but also effective. By eliminating the requirement for in-person visits to government facilities, the procedure becomes quicker and more easily accessible.

Benefits of Online Registration

Convenience

Online registration saves time and effort by removing the need for several trips to government offices.

Transparency

The online procedure is open and transparent, which lowers the possibility of fraud or disagreements.

Security

Contracts that have been digitally recorded are safe and unbreakable.

Legally Binding

Online registered agreements are just as enforceable in court as printed ones.

What are the Registration Charges for the Rental Agreement?

The cost of rent agreement registration in Mumbai includes two primary components: the stamp duty and registration fee.

Stamp Duty

This varies based on factors such as the rent amount and the tenure of the agreement. You can calculate the stamp duty using the Stamp Duty Ready Reckoner, which is updated annually and available online..

Registration Fees

The registration fees are typically a percentage of the annual rent. The exact percentage can vary depending on the location and type of property.

Detail	Charges
Stamp duty	0.25% of the applicable rent as mentioned in the document (rent for the entire period)
Registration fee	Rs 500 to Rs 1,000 for rural areas and municipal locations, respectively

It's important to note that while the stamp duty rates are subject to change, these changes are typically announced by the state government well in advance. Therefore, it's advisable to stay informed about any updates to stamp duty rates before initiating the registration process.

When Should You Register a Rent Agreement?

Under the Registration Act of 1908, income-generating properties must be registered as a "lease." If you rent out for more than 11 months, registration is mandatory. Even shorter leases can be registered for added security.

What are the Documents Required for Online Registration?

The documents required for online registration may include:

• Identity proofs of the landlord, tenant and the witnesses.
• Passport-sized photographs of both parties.
• Address verification documents.
• A copy of the rent agreement (optional but recommended).
• Proof of payment of stamp duty and registration fees.

Conclusion

The procedure is streamlined when rent agreements are registered online, benefiting both landlords and tenants by making it more convenient and effective. You may be sure that the registration process for your rental agreement will go smoothly and lawfully by being aware of the steps, advantages, costs, and required paperwork. This encourages confidence and transparency in rental negotiations in addition to protecting your interests.