Stamp duty and registration charges in Lucknow


Here is all you need to know about stamp duty and registration charges on property purchases in Uttar Pradesh’s capital, Lucknow

To encourage property ownership among women in India, most Indian states charge a lower stamp duty from them. In the country’s most populous state, Uttar Pradesh, property ownership among women is also encouraged using the same tool. The Lucknow stamp duty and registration charges, are lower for women property buyers.

See also: Know process to pay Lucknow house tax

If a property is registered in the name of a woman, the applicable stamp duty will be 6% of the property value. In the case of man, the charge increases to 7%. Additionally, buyers in Lucknow also have to pay 1% of the deal value as the registration fee.

So, if a property worth Rs 50 lakhs is being registered in a woman’s name, she will have to pay Rs 3.50 lakhs as stamp duty and registration charge (i.e., 6%+1% of Rs 50 lakhs). For a man, this charge would be Rs 4 lakhs (i.e., 7%+1% of Rs 50 lakhs). This way, the woman buyer will save Rs 50,000 on the house purchase.

See also: Stamp duty and registration charges in UP

Charges are 50 basis points lower, i.e., 6.5%, in case the property is being registered jointly, in the name of a man and a woman. So, if a husband and wife buy the same property and register it jointly, they will pay Rs 3.75 lakhs as stamp duty and registration charge (6.5%+1% of Rs 50 lakhs).

See also: Circle rates in Lucknow

 

Stamp duty

Check out property prices in Luknow

 

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.

See also: Stamp duty and registration charges in 20 Tier-2 cities

 

Stamp duty and registration charge in Lucknow

Owner’s gender Stamp duty as a percentage of the property value Registration charge as percentage of the property value
Man 7% 1%
Woman 6% 1%
Man + Woman 6.5% 1%
Man + Man 7% 1%
Woman + Woman 6% 1%

Also read all about stamp and registration services on IGRS Uttar Pradesh

 

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.

 

Check out properties for sale in Lucknow

 

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.

 

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