Relief for UP tenants and landlords: Cabinet cuts stamp duty on rent agreements up to 10 years; check new slabs
The Uttar Pradesh Cabinet approved a revised stamp duty structure for rental agreements up to 10 years, aiming to encourage formal tenancy and reduce disputes. The new rates significantly lower costs, with reductions of up to 90% for long-term leases. This change supports the Uttar Pradesh Regulation of Urban Premises Tenancy Act, 2021, and takes effect immediately.