S.N.

Period for which premises
to be rented

Amount on which duty is to be paid

Rate of Duty

1

Term not exceeding one year

Whole amount payable or deliver

4%

2

Term exceeding one year but  not exceeding five year

Amount equal to three times of the average annual rent

8%

3

Term exceeding five year but  not exceeding ten year

Amount equal to Four times of the average annual rent

8%

4

Term exceeding ten year but  not exceeding twenty year

Amount equal to Five times of the average annual rent

8%

5

Term exceeding twenty year but  not exceeding thirty year

Amount equal to Five times of the average annual rent

8%