People will have to cough more for the registration of their property as the UP government has increased the upper limit of registration from Rs 10,000 to Rs 20,000. Besides, the government has also revised the registration fee list. The decision was taken at cabinet meeting held in lucknow on Monday.
A Government spokesman said that the cabinet has decided to increase the maximum limit of registration fee up to Rs 20,000. Earlier this limit was Rs 10,000 which was almost 6 years old, the spokesman said.
He said government has also revised the Registration fee chart. The inheritance registration will cost Rs 500 which was earlier Rs 100. The will registration will now cost Rs 500 against the earlier price of Rs 100.
Registration (special attorney) has been increased from Rs 10 to Rs 250 and Registration (general attorney) from Rs 50 to Rs 500. The copy of the registered records will now cost Rs 100 as against earlier rate of Rs 10.
The spokesman said that these rates were revised last in 1995. As these rates were more than 20 year old, government has decided to revise it, he said.
In another decision, the government has decided to amend the UP Stamp (Evaluation of property) Act. 1997. Under this amendment tax would be evaluated as per the carpet area.