Stamp duty is the charge that buyers in India have to pay at the time of property registration. A state levy, stamp duty rates are different from state to state. Along with the stamp duty, buyers also have to pay the registration charges. While some states charge a flat fee, others demand 1% of the transaction value as the registration charge.
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Stamp duty and registration charge in Lucknow in 2024
Owner | Stamp duty as percentage of the property value | Registration charge as percentage of the property value | Stamp duty and registration charge in Rupees on a property worth Rs 10 lakh |
Man | 7% | 1% | Rs 70,000 + Rs 10,000 |
Woman | 6%* | 1% | Rs 50,000* + Rs 10,000 |
Man + woman | 6.5% | 1% | Rs 65,000 + Rs 10,000 |
Man + Man | 7% | 1% | Rs 70,000 + Rs 10,000 |
Woman + woman | 6% | 1% | Rs 50,000* + Rs 10,000 |
Source: IGRS UP
* Note: Women are offered a 1% reduction in stamp duty charges in UP. But, this rebate is applicable only up to Rs 10 lakh out of the total value of the transaction.
Stamp duty on other deeds in Lucknow
Documents to be registered | Stamp duty in Rs |
Gift deed | 5% of the property value
Rs 5,000 in case of gifting in family members |
Will | Rs 200 |
Exchange deed | 3% |
Lease deed | Rs 200 |
Agreement | Rs 10 |
Adoption deed | Rs 100 |
Divorce | Rs 50 |
Bond | Rs 200 |
Affidavit | Rs 10 |
Notary | Rs 10 |
Special power of attorney | Rs 100 |
General power of attorney | Rs 10 to Rs 100 |
Also read: Stamp and registration services on IGRS Uttar Pradesh
Stamp duty Lucknow calculation
Suppose that Mohit Sharma is buying a property of 800 sqft carpet area in a location where the circle rate is Rs 5,000 per sq ft. The circle rate-based value of the property would be 800 x 5,000 = Rs 40 lakh.
If the property is being registered at this amount, Sharma will currently pay 7% of this amount as stamp duty. This will amount to Rs 2.80 lakh.
If the property is being registered at an amount lower than that, Sharma will still have to pay 7% of Rs 40 lakh as stamp duty, since the property cannot be registered below the circle rate. If the property is being registered at Rs 50 lakh, Sharma will have to pay 7% of Rs 50 lakhs as stamp duty, amounting to Rs 3.50 lakh.
Sharma will also have to pay Rs 50,000 as the registration charge.
Benefits of investing in Lucknow real estate
Lucknow real estate, with its rich cultural heritage and modern makeover, has garnered great attention in the past half a decade. As the Coronavirus pandemic is likely to encourage more people to move to smaller cities and invest there, Lucknow is expected to be a key beneficiary of this trend.
See also: 5 posh areas in Lucknow
Lucknow has a thriving job market and a metro rail network, as well. Apart from large-scale developments at par with some of the fastest-growing Indian cities, it is only 500 kms from Delhi and with the new highways, one can travel this distance within five hours.
See also: Circle rates in Lucknow
How to pay stamp duty and property registration charges in Lucknow online?
- Visit the official portal of stamp duty and registration department of Uttar Pradesh at https://igrsup.gov.in/igrsup/defaultAction.action
- Click on ‘Apply now’ option.
- Choose ‘new application’ option.
- Choose ‘new application’ option.
- Complete the registration process.
- Login to the website.
- Submit the details of the property, buyer and seller and the witnesses.
- The system will calculate the stamp duty and registration charges for the property.
- Complete the payment of stamp duty online.
- A receipt will be generated. Save the number for future reference.
- Schedule an appointment for property registration at the sub-registrar office.
How are stamp duty and property registration charges calculated in Lucknow?
The state government determines the stamp duty and registration charges in Lucknow by considering several factors, which includes gender, property location, property age, etc. The rates are revised based on the government guidelines. Thus, property buyers are required to get the latest information by visiting the official government website.
Factors that impact stamp duty and property registration charges in Lucknow
- Property age: Stamp duty charges are proportional to the property value. That is, newly constructed properties attract higher stamp duty compared to older constructions.
- Gender: Women property buyers are entitled to rebate on stamp duty. Similarly, joint property owners get a rebate on stamp duty.
- Property type: Commercial properties in Lucknow, like in other cities in India, attract higher stamp duty than residential properties.
- Property location: If a property is located in a central location, it will attract higher stamp duty.
- Amenities: Similarly, if the property has numerous amenities such as swimming pool, gymnasium, etc., the stamp duty charges will be higher compared to properties where these amenities are not available.
Documents needed for property registration in Lucknow
- Sale Deed: The sale deed outlines the transfer of property from the seller to the buyer.
- Power of Attorney (if any): This document is required in case the property is being registered through a power of attorney.
- Tax-payment receipts for the last three months: The latest tax-paid receipts must be presented to prove the property’s current tax status.
- Copy of registered previous agreements: For a resale property, copies of previously registered agreements are required.
- Encumbrance certificate: The document is proof that the property is free from any legal dues or mortgages.
- Occupancy certificate: The document is required to certify that the new building construction complies with the approved plan and is safe for occupation.
- Copy of agreement to sale: The document specifies the terms and conditions agreed upon by the buyer and seller before the sale deed is executed.
- Sanctioned building plan: The approved building plan from the local authorities ensures that the property complies with all construction regulations.
- Electricity bill: The latest electricity bill must be provided to establish the property’s current usage and status.
- Identity proof: Identification documents such as PAN card, are required for both buyers and sellers. Providing the latest electricity bill helps establish the property’s current usage and status.
- Stamp Duty and registration fees: The requisite fees for stamp duty and registration must be paid during the property registration.
Refund of stamp duty and property registration charges in Lucknow
If an excess amount of stamp duty has been paid or in case of cancellation of a document or agreement, etc., one can apply for a refund of the stamp duty within six months.
The amount will be refunded after a deduction of 10% from the total stamp duty payment. To apply for a refund, follow the steps mentioned below:
- Sign into the Uttar Pradesh stamp refund application portal.
- Click on ‘Application for stamp duty withdrawal’ on the left side of the page.
- New users must register by selecting the district from the drop-down menu in which the stamp refund processing must be done.
- Registered users must fill in the details of the refund application directly.
FAQs
What is stamp duty?
Stamp duty is the charge that buyers have to pay to the state at the time of property registration. Along with this, buyers separately have to pay a registration charge to complete the legal formality.
What is the registration charge on property purchase in Lucknow?
Buyers have to pay 1% of the property value as the registration charge in Lucknow.
How much stamp duty has to be paid on joint property in Lucknow?
Stamp duty charges in Lucknow vary from 6% to 7%. If the property is being registered in the name of a husband and wife, 6.5% of the deal value will be charged as stamp duty.