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Last updated on September 1st, 2024 at 01:48 pm
The Uttar Pradesh government has announced a proposal to reduce the stamp duty for registering rent agreements from 4% of the annual rent to a flat rate of ₹500. This change aims to encourage more registrations and ensure that both tenants and property owners are better protected under the Rent Control Act. The move is expected to simplify the registration process and offer greater security to all parties involved.
The Department of Stamp and Registration is proposing to reduce stamp duty for rent agreement registration from 4% of annual rent to a flat rate of ₹500.
— Government of UP (@UPGovt) August 11, 2024
This move aims to encourage more registrations, ensuring tenants and property owners are protected under the Rent Control… pic.twitter.com/qo9mEKmkc8
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