Small homeowners in Lucknow to pay less for mutation

The Uttar Pradesh government approved a proposal from the Lucknow Municipal Corporation to reduce mutation fees for small homeowners transferring properties through wills or inheritance. Under the new structure, fees will range from ₹1,000 for houses up to 1,000 sq ft to a maximum of ₹5,000 for properties over 3,000 sq ft, significantly lowering costs from the previous flat fee of ₹5,000. This change is expected to facilitate easier property transfers for smaller homeowners and will take effect within about 10 days after the government order is issued.

Read the source (ET Realty Residential)

More from News Studio