What Is Stamp Duty?
Stamp duty is the tax levied on certain documents that have some financial aspect in a transaction while executing them, such as deeds, instruments or documents. Citizens of the state of UP are required to pay stamp duty to the respective Central Government and Uttar Pradesh State Government (while executing wills, deeds, agreements, etc.). Basically, stamp duty is charged on the execution of deeds such as affidavits, wills, deeds, certificates, bonds, gifts, lease, adoption, etc. and once Stamp duty has been paid, the deed is said to be registered. We have already covered an article on how to make a gift deed in Uttar Pradesh.
To help calculate the value of stamp paper required, LegalDesk.com offers a stamp duty calculator which serves as a stamp duty guide that will calculate the stamp duty payable on the lease and rent of properties in UP or anywhere else in India. By using our ‘create a rental agreement document’ service, you can create your own personalized rental agreement.
Uttar Pradesh Stamp Act, 1899
Stamp Duty collected by the State is an important source of revenue. The Indian Stamp Act of 1889 was used as the State Stamp Act of Uttar Pradesh at the same time until it was amended by the State. Over the last century, there have been several changes, Rules and amendments made to the Indian Stamp (Uttar Pradesh Amendment) Act. Some of the most recent and significant amendments and changes to the Indian Stamp Act with respect to Uttar Pradesh have been the Uttar Pradesh Stamp (Amendment) Act in 1948 and 1952.
A notification issued in 2013 authorized the use of e-Stamping in the State of UP. This was followed by a notification issued in 2016 announcing the e-payment facility of stamp duty in the State to ease the process of property registration in Uttar Pradesh. In the same year, the UP Government also hiked registration and stamp duty charges for home buyers from 5% to 7% (an increase of 2%) in Noida and greater Noida (7% was the nominal charge for the rest of the State of UP). A rebate of Rs 10,000 (on the 7%) is given if the property is transferred to a female owner. UP allowed the payment of stamp duty through net banking.
For marriage registration, couples with Aadhaar cards (linked to their respective mobile numbers) need not contact the sub-contracting office under the basis based registration system. This is being promoted as Aadhaar based Hindu Marriage Registration. The residency of either one of the spouses as stated on the Aadhaar card has to be within the territory of Uttar Pradesh. The cost for registration is Rs 10 per day from one month prior to the date of marriage and Rs 20 per month from the date of marriage.
Modes To Pay Stamp Duty In Uttar Pradesh
Stamp Duty can be bought and paid for in Uttar Pradesh in the following ways:
|1||Traditional Stamp Paper||Yes|
NIC had developed Prerna in collaboration with the Stamps and Registration Department of Uttar Pradesh to facilitate the electronic delivery of all registration services, the collection of transfer duty, stamp duty and registration fees, registration of documents, encumbrance of certificates, certified copies, etc.
Stamp Duty Charges In Uttar Pradesh
Stamp papers have different stamp values and each type of document or deed has to be executed on a stamp paper of a stipulated value. This value is based on the type of deed or document, location (within the State of Uttar Pradesh) and/or value of the transaction/property, and must be stamped accurately to make the said document legally valid and enforceable in a court of law.
|Sr. No.||Type of Deed||Stamp Duty Payable|
|5||General Power of Attorney||Rs. 10-100|
|6||Special Power of Attorney||Rs. 100|
|8||Notarial Act||Rs. 10|
How Can LegalDesk Help?
LegalDesk.com is your go-to solution provider for all your legal, administrative and registration needs. We have also introduced an API for stamp duty payment that can be used by companies and individuals alike, in UP or any other State in India. Make use of our document drafts such as affidavits, partnership agreements, rental agreements, wills, trust, adoption deeds, power of attorney, gifts, and several other documents as well. Require a service? Request one now.