NOIDA, Feb. 15 -- Thousands of apartment buyers are miffed as the Uttar Pradesh stamps and registrations department on Friday started to charge more fee for execution of registry (tripartite lease-deed) for their respective property.
The Uttar Pradesh government, on February 5, hiked property registration fee from Rs.20,000 (maximum) to 1% of the property cost. The new rate of 1% of property cost will affect around 3 lakh apartment buyers as they will have to cough up more to get their properties registered.
Earlier, the property registry fee was 2% of the property cost, if the cost was less than Rs.10 lakh and a fixed Rs.20000 for properties costing more than Rs.10 lakh. The new rates are effective from February 14, 2020.
"With the incr...