UP Government Has Waived Of Stamp Duty On Transfer Of Property To Family Members
Property Transfer Stamp Duty in UP: Now in UP, you...
Property Transfer Stamp Duty in UP: Now in UP, you will not have to pay heavy stamp duty for transferring property in the name of relatives. In fact, the Yogi Adityanath government is continuously giving relief to the people of the state. At present, the state government has announced exemption on stamp duty. According to this, now if the property is transferred in the name of relatives, then very less stamp duty will have to be paid for it. Although this exemption has been given initially for only 6 months. It is worth noting that on the recommendation made by the state government in this regard, the notification was issued by Governor Anandiben Patel.
how much stamp duty will have to be paid
Let us tell you that Veena Kumari, Principal Secretary of UP Governor Anandiben Patel had issued a mandate regarding this. According to this, the residents of the state can transfer property in the name of their blood relative. In doing so, a stamp duty of only Rs 5000 will have to be paid. With this, people can take advantage of this exemption for the next 6 months.
Relief to lakhs of people of the state
At the same time, according to the information given by the registration department, this step of the Yogi government will benefit lakhs of people of the state. In fact, till now people had been paying 6% stamp duty to transfer property to their blood relatives. That is, if someone has a property worth one crore, then he had to pay Rs 6 lakh as stamp duty for transferring it to his relatives. In such a situation, many people were not able to transfer their property in the name of relative even if they wanted to. But the exemption given by the state government on stamp duty has brought relief to many people.
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