₹1,000 Fee On Annual Rent Up To ₹2 Lakh And ₹3,000 On Annual Rent Up To ₹6 Lakh
Lucknow: In the Cabinet meeting chaired by Chief Minister Yogi Adityanath on Tuesday, the Cabinet took an important decision to simplify the state's tenancy system. The change applies to annual rent of up to Rs 10 lakh. The fee structure has been simplified and made more affordable by revising exemptions on effective stamp duty and registration fees for tenancy/lease deeds for up to 10 years.…
Lucknow: During a Cabinet meeting led by Chief Minister Yogi Adityanath, the government made a significant decision to streamline the state's tenancy system, particularly for annual rents up to Rs 10 lakh. The revised fee structure aims to make renting more affordable and less burdensome for tenants and landlords. Under the new system, annual rents up to Rs 2 lakh will incur an annual fee of Rs 1,000, while rents up to Rs 6 lakh will attract an annual fee of Rs 3,000.
For annual rents up to Rs 10 lakh, the fee will be Rs 4,500. These changes come after stamp and court fees, as well as registration fees, have been simplified, with exemptions on effective stamp duty and registration fees for tenancy/lease deeds lasting up to 10 years. This move is expected to provide substantial relief to those renting out or leasing houses, shops, or warehouses.
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