Rent & lease agreements
Duty is 2% of one year's rent from one to five years and 3% up to ten. Below a year we do not price it — the Article 35 model charges a short lease as a Bond and Madhya Pradesh's Bond rate is not published. Beyond ten years we do not price it: the bands are not published and around thirty years the instrument becomes a conveyance charged on five times the annual rent plus any premium. Since the 2025 amendment an under-stamped instrument is admissible on paying the shortfall plus 1% a month, rather than the tenfold penalty most states impose.