LUCKNOW, Nov. 12 -- In a major relief for tenants and landlords, the Uttar Pradesh government has decided to drastically cut stamp duty and registration charges on rent agreements, a move aimed at promoting legally enforceable contracts and reducing disputes arising from informal tenancy arrangements.
The state government has also begun developing an online platform that will enable tenants and landlords to execute and sign rent agreements digitally through Aadhaar verification eliminating the need to visit sub-registrar offices. The new system, to be integrated with the state's property registration portal, will allow people to register rent deeds from their homes.
According to the proposal sent by the department of stamp and registrat...
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