Buying a residential apartment or plot in Lucknow involves several charges. One of them is the stamp duty. It is the charge borne by the buyers during property registration. The stamp duty rates vary from one state to another. It goes from being a flat rate for some states to 1% of the total transaction price for other states.
What is the stamp duty for property registration in Lucknow?
In Lucknow, stamp duty varies according to the gender of the buyers. While male owners are charged 7% of the property value, women are charged 6% of the total transaction value as stamp duty. The joint ownership of male and female draws 6.5% of stamp duty. If the property is owned by two females, it attracts 6% stamp duty.
You can refer to this table to know the exact stamp duty in Lucknow.
| Owner | Stamp duty as percentage of the property value | Registration charge percentage of the property value | Stamp duty and registration charge in rupees on a property worth Rs. 10 lakhs |
| Man | 7% | 1% | ₹ 70,000 + ₹ 10,000 |
| Woman | 6% | 1% | ₹ 50,000* + ₹ 10,000 (women are given 1% reduction in stamp duty in UP. It’s applicable only up to 10 lakhs.) |
Man+ Man | 7% | 1% | ₹ 70,000 + ₹ 10,000 |
Man + Woman | 6.5% | 1% | ₹ 65,000 + ₹ 10,000 |
Woman + Woman | 6% | 1% | ₹ 50,000* + ₹ 10,000 |
How to calculate stamp duty in Lucknow?
If you want to invest in a luxury residential project in Lucknow, then the stamp duty is calculated as follows.
The stamp duty is calculated on the total transactional amount. The amount is calculated by multiplying the carpet area of the property by circle rate. For example if somebody buys a flat in Lucknow of 1000 sqft carpet area where the circle rate is Rs. 5,900 per sq ft, then the value of the property would be 1000 x 5,900 = Rs. 5,900,000.
If the property is being registered at this amount to a man, then the stamp duty will be 7% of the amount. It means Rs. 4,13,000 would be stamp duty and 1% of the total amount means, Rs. 59,000 as registration charge.
So, the total stamp duty payable would be Rs. 4,13,000 + Rs. 59,000 = 472,000.
That’s how stamp duty in Lucknow is calculated.
How to pay stamp duty plus registration charges online in Lucknow:
- To pay the stamp duty and registration charges, you need to visit the official website at https://igrsup.gov.in/igrsup/defaultAction.action.
- Once the page is opened, click “Apply Now” button.
- Select the “New Application” option.
- Complete the registration process.
- Log into the official website.
- Furnish the details of the buyer, property, and seller along with the witnesses.
- The stamp duty and registration fee will be calculated automatically.
- Complete the online payment of your stamp duty.
- After the payment, you’ll get an online receipt, save it for future reference.
- Schedule your property registration appointment at the sub-registrar’s office.
What documents are required for property registration in Lucknow?
Here are the required documents to buy a property in India.
- Sale deed: It summerises the property transfer from the seller to buyer.
- Tax payment receipts for past three months: The seller needs to present three months’ tax receipts to verify its latest tax status.
- Power of attorney (In case the seller has it): If the property is being registered using a power of attorney, then this presenting this document is required.
- Previous registered agreements: If the property is resale, then it is important to present the copy of earlier registered agreements.
- Occupancy certificate: You need this document to verify that the construction of the building is compliant with the layout and plan and is fit for occupancy.
- Encumbrance certificate: This document is needed to confirm that the property doesn’t have any mortgages or legal dues pending.
- Agreement to sale: This document is required since it includes the terms and conditions on which buyer and seller agreed.
- Electricity bill: This document is needed to showcase the current usage and status of the property.
- Identity proof: Both buyers and sellers are needed to provide their identity proof.
- Sanctioned building plan: This document is required to certify that the property is compliant with all construction legalities.
- Stamp Duty and registration charges: The stamp duty and registration fees must be paid to legalize your property purchase.
How to get a stamp duty refund
In case a sale agreement is cancelled or the buyer had paid extra amount, you can apply for a refund within a tenure of six months.
- The government will deduct 10% from the stamp duty.
- Here’s how you can get a refund on stamp duty.
- Sign into UP stamp refund application site.
- Click on “Application for stamp duty withdrawal” appearing on the left side.
- New users are required to register by choosing their district from the dropdown in which the stamp duty refund will take place.
- Registered users are required to compete their details in the application directly.
Conclusion
When buying an apartment or land, you need to consider several factors. It involves stamp duty and registration charges that legitimatize property purchase. Always seek a professional’s help to know everything about the stamp duty fees. Consider all the factors before making a final move.
