Tamil Nadu or Chennai, the land of famous cuisines and exotic sunrises, what’s the worth of life if not rented to have a living in south India, and for that you need to be very clear about the norms regarding rent agreement in Tamil Nadu.

What is a Rent Agreement?

Rent agreement is basically a contract between the one who let’s the usage of their property often known as owner and tenant who use the property by paying a given sum of money as have been decided and put forth in the settlement. The tenancy settlement between owner and tenant is to initiate a legally binging agreement between the 2 for the usage of apartment that have been rented. 

The agreement minimizes the conflict arrival between the parties of the condo agreement, and also it acts as a proof of residence/ addresses proof or when you’re taking a home loan, uf your owner is okay with you using the address, then it’s a win win situation for your loans.

How to create Rent Agreement using eSahayak?

1. Click on Get Started button and answer few simple questions to generate your rent agreement online.
2. Enter the details as asked like date of execution, city where document is created, ownership type, type of property and then get the same signed and print the document on an e-Stamp paper of advocated value. 
3. Submit the completed document then to nearby Sub-Registrar’s Office in person asap for getting the same registered and hence becoming enforceable. 
4. On payment of Stamp Duty and registration charges, the deed/settlement become legally valid and your settlement is made.

Here are the steps to create a hire settlement in Chennai:

The first step closer to making a hire settlement is to obtain ‘mutual consent’. Both i.e the  owner and the tenant should deliver their consent to the apartment phrases and situations like monthly rent and due date of payment, along with penalty and security deposit or notice period and preservation charges in case of any damage.

The subsequent step is to print the phrases which have been jointly agreed upon on a stamp paper of due value. 

Once the settlement is printed, it’s really useful for each event to study all of the factors as soon as possible, to keep away from any discrepancy.

If all of the factors are correct, each event ought to signal the settlement within the presence of witnesses.

The subsequent step is to get the deed registered at the neighborhood sub-registrar’s office.  

GET GOVERNMENT NOTIFIED IN CASE OF RENT SETTLEMENT REGISTERED IN TAMIL NADU

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FAQs regarding Rent Agreement in Tamil Nadu

What is the stamp duty charges in Tamil Nadu?

In Tamil Nadu, the Stamp Duty paid for apartment agreements is typically 1% of hire+deposit amount no matter the rent term. Usually for apartment agreements for length beneath eleven months, twenty rupees Stamp papers are used. Above eleven months it relies upon the quantity of annual hire plus safety deposit. Registration charges pf the rent agreement in Chennai is 1%, with a maximum price ceiling of Rs 20,000.

Is it necessary to get a Rent Agreement registered in Tamil Nadu?

Answer)The Tamil Nadu Regulation of Rights and Responsibilities of Landlords and Tenants Act, 2017, (TNRRRL) mandates a written rent settlement and its registration, no matter settlement’s tenure. Registration of rent settlement is obligatory in Tamil Nadu even though the condo duration is much less than 12 months. 

Only written agreements may be registered and turn out to be legally enforceable. Oral agreements can’t be registered and therefore, don’t have any felony sanction. The absence of a lease settlement or errors withinside the wordings of the settlement, can bring about disputes and drag one into lengthy felony cases. 

What are the documents required to get a Rent Agreement registered in Chennai, Tamil Nadu?

The following files are necessary for the registration of a hire settlement in Chennai: 

• Original/replica of the title deed in the name of owner, as evidence of ownership so that to avoid any subletting of the apartment and also for no fraud policy with eSahayak.
• Tax receipt or Index II.
• Address evidence of each the parties so that in case of any dispute, the court can get information from the given address. It may be a photocopy of one’s passport, Aadhaar card, riding licence, etc. 
• Keep the authentic ID cards with you for verification and also for police verification which these days are a must if you’re going for renting a house.
• Two passport-sized snap shots of each one in the settlement, the owner and the tenant for validation of your image.
• Identity evidence consisting of a duplicate of the PAN card or Aadhaar card via which your documents can be verified.
• The hire settlement revealed on stamp paper which could be easily made in a finger with eSahayak.io 

Read more about rent agreement on eSahayak.