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UP Proposes Rs 1,000 Stamp Duty on Rentals: What Tenants and Landlords Should Know

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A proposed Rs 1,000 stamp duty on rental agreements in Uttar Pradesh has drawn attention to tenancy practices. The article notes that verbal or unregistered rental arrangements are hard to prove, as they generally cannot be relied upon as evidence unless a court allows it. Many residential tenancies remain unregistered partly because of circle rates, which affect the stamp duty payable. The piece outlines what both tenants and landlords should understand about the proposed change. The discussion highlights the trade-off between formal registration and the costs involved for renters and property owners.

Read the full story at Times of India

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