The Revenue & Disaster Management Department, Govt. of Assam on June 19, 2025, Stamp Duty and Registration Charges for Lease Transactions under the Indian Stamp (Assam Amendment) Act, 2021.
It states that item no. 35 (a) to (c) of Schedule I of the Indian Stamp (Assam Amendment) Act, 2021, shall be added: “35. Lease, including an under-lease or sub-lease and any agreement to let or sub-let”. Stamp duty on lease agreements is based on lease duration and average annual rent:
• <1 year: Duty same as Bond (No. 15) on total rent payable.
• 1–5 years: Duty same as Bond (No. 15) on average annual rent.
• >5–10 years: Duty same as Conveyance (No. 23) on market value equal to average annual rent.
• >10–20 years: Duty on market value = 2× average annual rent.
• >20–30 years: Duty on market value = 3× average annual rent.
• >30–100 years: Duty on market value = 4× average annual rent.
• >100 years or perpetual:
o For agriculture: Duty on 1/10th of rent for 50 years.
o Others: Duty on 1/6th of rent for 50 years.
This shall come into force with immediate effect and shall apply to all lease deeds executed henceforth.
[Notification no.- E-657249 2025 01]
