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Govt. Certified Real Estate Consultant
A lease deed in writing for a period exceeding one year requires compulsory registration and the lease deed for a period of less than one year is optionally registrable.
The effect of non registration of a compulsorily registrable lease deed is that, in a suit for eviction or any other suit, it shall not be read in evidence, except for collateral purposes. Stamp duty payable on lease deed varies from state to state.
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