Rent agreements below 7 years will only get 0 78 stamp duty firs

I think there may be some confusion here!

In India, the stamp duty rates vary from state to state, and the rates are not fixed at 0.78% for all rent agreements below 7 years.

Typically, the stamp duty rates in India range from 1% to 10% of the rental value, depending on the state and the type of property. For example:

• In Maharashtra, the stamp duty rate is 2% of the rental value for agreements up to 5 years.
• In Delhi, the stamp duty rate is 1% of the rental value for agreements up to 5 years.
• In Karnataka, the stamp duty rate is 1% of the rental value for agreements up to 5 years.

For agreements above 7 years, the stamp duty rates may be higher, typically ranging from 2% to 5% of the rental value.

It's important to note that the stamp duty rates are subject to change, and it's always best to check with the relevant authorities or a lawyer to determine the correct stamp duty rate for your specific situation.

In any case, it's not accurate to say that all rent agreements below 7 years will only get 0.78% stamp duty.