Uttar Pradesh Slashes Stamp Duty on Rent Agreements to Ease Costs

The Uttar Pradesh government has reduced stamp duty charges on rental agreements, offering relief to both landlords and tenants. Under the revised structure, a one-year rent agreement for a property with annual rent up to Rs 2 lakh will attract a stamp duty of Rs 1,000 along with a registration fee of Rs 1,000. The move is aimed at making the formal registration of rental agreements more affordable and accessible. The reduction is expected to encourage more landlords and tenants to register their agreements legally rather than avoid the process due to high costs.
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