News > Uttar Pradesh govt waives stamp duty if property transferred within family

Uttar Pradesh govt waives stamp duty if property transferred within family

The Uttar Pradesh government has decided to do away with stamp registration duty in instances where the property is being transferred to family members. A 7% stamp duty is being levied on such transactions currently.

The proposal states that if the property is being transferred to parents, spouse, children, daughter-in-law, son-in-law, siblings and grandchildren, then a stamp registration duty of only Rs 6,000 has to be paid against 7% of the cost of the property.