Current Stamp Duty and Registration Charges in Lucknow, Uttar Pradesh

When purchasing property in Lucknow, Uttar Pradesh, it is essential to understand the current stamp duty and registration charges. Here, we provide an overview of these fees, specific to Lucknow, as of August 2023.

Stamp Duty

Stamp duty is a critical component of property transactions, and its rates can significantly impact the overall cost of property acquisition. In Lucknow, the current stamp duty rates are as follows:

Residential Properties

The stamp duty for residential properties is 7% of the property's market value. For women purchasing residential properties, there is a concession available, where the stamp duty is reduced to 6%.

Commercial Properties

Commercial properties also attract a stamp duty of 7% of the property's market value.

Additional Notes

It is important to note that stamp duty rates can vary based on specific conditions or changes in government policy. Therefore, it is advisable to check the most current rates with local authorities or the official government website.

Registration Charges

Registration charges are an additional fee that is incurred for registering a property under your name. The registration fee is typically 1% of the property's market value, subject to a maximum limit.

Additional Important Notes

The rates mentioned above can vary based on specific conditions or changes in government policy. It is always recommended to verify the current rates with local authorities or the official government website. For the most accurate and up-to-date information, you may want to refer to the official website of the Uttar Pradesh Stamp and Registration Department or consult a local real estate expert.

Discontinuity in Policy

It is also important to be aware that stamp duty and registration charges vary from State to State in India. Currently, the stamp duty rate in Lucknow is 7% on property value for homebuyers. However, the State government offers a Rs 10,000 discount to female homebuyers. Additionally, stamp duty rates are based on the type of document to be registered, such as a sale-deed, lease-deed, power of attorney, will, or agreement to sell.

There are two categories for the calculation of stamp duty based on the location and land use of the property:

Rural Agricultural Properties

The stamp duty for women is 4% of the valuation or sale consideration, whichever is higher. For men, it is 5% of the valuation or sale consideration, whichever is higher. This discount is applicable up to Rs 10 lakhs. Above this limit, the rate of stamp duty is 7%.

Urban Properties

The stamp duty for women is 6% of the valuation or sale consideration, whichever is higher. For men, it is 7% of the valuation or sale consideration, whichever is higher. The current registration charge is 2% of the value on which stamp duty is paid, up to a maximum limit of Rs. 20,000.

Further Information

For more detailed information on property laws or any legal advice, you can visit the official website or consult with a local real estate expert.