Know about Registration Charges in Lucknow

Stamp Duty and Registration Charges in Lucknow

All You Need to Know About Stamp Duty in Lucknow

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Stamp Duty and Registration Charges in Lucknow 2021

As per the Registration Act of 1908, the buyer must pay the stamp duty in Lucknow along with the registration charges.  The ownership of a property is transferred to the new buyer after paying the property registration charges in Lucknow and only then the registration is considered complete. To register a property under the buyer’s name, the buyer has to pay a  property tax to the authorities and this fee is called stamp duty. Registration charges are paid to the same authority for doing all the paperwork to execute this process.

 

The property registration charges in Lucknow as well as the stamp duty charges in Lucknow keep changing from time to time. With an aim to increase home ownership, stamp duty in Lucknow for women buyers is kept low. Check out the following table to understand the stamp duty and registration charges in Lucknow.

Owner

Stamp duty

Registration charge

Man

7% of the property value

1% of the property value

Woman

6% of the property value

1% of the property value

Man + Woman

6.5% of the property value

1% of the property value

Man + Man

7% of the property value

1% of the property value

Woman + Woman

6% of the property value

1% of the property value

Let us take an example to understand the stamp duty and property registration charges in Lucknow. If a woman buys a property in Lucknow worth Rs. 30 Lakh, then she has to pay the following charges:

Property registration charges in Lucknow

1% of the property value

Rs. 30,000

Stamp duty in Lucknow

6% of the property value

Rs. 1,80,000

Effective cost of the property

Property value + registration charges + stamp duty

Rs. 3,210,000

Lucknow Registration Charges

Uttar Pradesh is one of the states with high stamp duty in India. Being one of the most populous states in India, Uttar Pradesh demands a stamp duty of 7% from a buyer of male gender. To encourage property ownership among women, the stamp duty is lowered to 6%. This reduction in stamp duty is applicable only up to Rs 10 Lakh out of the total value of the transaction. The stamp duty charges in Lucknow are the same as in the Uttar Pradesh stamp duty mandate. However, the property registration charges in Lucknow are fixed at 1% irrespective of gender.

Stamp Duty in Top Cities of Uttar Pradesh

City

Stamp duty for male buyer

Stamp duty for female buyer

Stamp duty for joint buyers

Agra

7% of the property value

6% of the property value

6.5% of the property value

Lucknow

7% of the property value

6% of the property value

6.5% of the property value

Prayagraj

7% of the property value

6% of the property value

6.5% of the property value

Aligarh

7% of the property value

6% of the property value

6.5% of the property value

Noida

7% of the property value

6% of the property value

6.5% of the property value

Stamp Duty on Other Property Documents and Instruments in Lucknow

Here are some of the stamp duty rates on other property documents and instruments in Lucknow.

Documents

Stamp duty (Rs)

Gift deed

60-125

Will

200

Exchange deed

3% of the property value

Notary

10

Agreement

10

Adoption deed

100

Divorce

50

Lease deed

200

Bond

200

Affidavit

10

Special power of attorney

100

General power of attorney

10-100

How to Calculate Stamp Duty in Lucknow

Several factors determine the stamp duty you have to pay for the property. It includes;

  • Location of the property

  • Market value of the property

  • Usage of the property, whether residential or commercial

  • Type of property and the number of floors

  • Age and gender of the property owner

A stamp duty calculator can be used to determine the amount you have to pay as a stamp duty. All you have to do is enter the property details like the state in which it is located and the property value.

Procedure to Pay Stamp Duty and Registration Charges Online

Follow the below mentioned steps to pay stamp duty and registration charges online in Lucknow.

  • Log on to the Stamp and Registration Department UP portal.

  • The page will initially open in Hindi. Select the ‘आवेदन करें’ option and now, you can switch to English.

  • Apply for a registration.

  • Select the ‘New Application’ option and create an application number.

  • Register yourself using your credentials and become a registered user.

  • Log in and enter the details of the property, the buyer, the seller and the witnesses.

  • Now, the system will calculate the stamp duty and registration charges for your property automatically.

  • Pay the stamp duty online.

  • The generated receipt number should be saved for future use.

  • You should book an appointment for property registration at the sub-registrar’s office.

Refund Process of Stamp Duty and Registration Charges

In case of any excess stamp duty payment, cancellation of a document or agreement, etc., you can claim a refund of your stamp duty within 6 months. The amount will be refunded after a deduction of 10% from the total stamp duty paid. However, you will not get a refund on the registration charges.

  • You have to log in to the stamp refund application portal of Uttar Pradesh for this.

  • Click on “Application for stamp duty withdrawal’ on the left side of the screen.

  • If you are a new user, you have to register to file an application by selecting the district from the drop down menu in which stamp refund proceeding has to be done.

  • If you are a registered user, you can fill in the details of your refund application directly.

How to Check the Market Value of Properties in Lucknow?

To calculate the market value of a property in Lucknow, you have to follow the below mentioned steps.

  1. Determine the built-up area of the property.

  2. Find out details like the age of the property, amenities offered, etc.

  3. Choose the type of the property.

  4. Now, you can use the following formula to find the property value.

Property Value = Built-up area of the property (in sq. m.) x Circle rate of the locality (in Rs./sq. m.)

Properties Exempted from Stamp Duty in Lucknow

While buying a new house, residential or commercial land as well as agricultural land, the legal heirs of martyrs and the ex-servicemen from the state of Uttar Pradesh will be exempted from stamp duty. Same is applicable to the residents of Lucknow. They will be able to avail this benefit on their share of property value up to Rs 20 lakh. On the heir’s share of land or house, 5% stamp duty will be exempted.

Stamp Duty and Registration Charges in Lucknow: Grievance Redressal

All the grievances related to stamp duty and registration charges in Lucknow will be addressed if you file a complaint in the Stamp and Registration Department UP portal. You can lodge a complaint directly on the grievance redressal section of the site.

 

Conclusion

It is your legal and moral obligation to take care of your stamp duty and other relevant charges while registering your newly bought house. But, these charges could easily go up to a few lakhs of rupees, and in some cases, even crores, depending on the value of the property. You can, however, cover these costs with the assistance of a home loan. The good news is that you can avail a housing loan from a Bajaj Markets lending partner at low home loan interest rates as well as flexible loan repayment period choices. Just satisfy the basic home loan eligibility criteria and ensure that all the home loan documents are at your disposal. Once you do that, you can go ahead and apply for a home loan right away!

FAQs on Stamp Duty in Lucknow

  • ✔️What is the current stamp duty in Lucknow?

    The current stamp duty in Lucknow is 7%, 6.5% and 6% of the property value for male, joint (male and female) and female respectively.

  • ✔️What is the stamp duty for gift deeds in Lucknow?

    The stamp duty for gift deeds in Lucknow ranges between Rs. 60-125.

  • ✔️How do I calculate my registry charges in Lucknow?

    The stamp duty is 6% if the buyer is a woman and 7% if the buyer is a man. The registration charge is 1% of the property value for both male and female.

  • ✔️How can I check ownership of land in Lucknow?

    You can check the ownership of land in Lucknow here: http://upbhulekh.gov.in/