To register properties in India, the buyer has to pay charges in the form of stamp duty. Formerly, stamp duties were paid by acquiring stamp papers from approved stamp vendors or Government treasury at the time of property registration. The Department of Revenue, Government of Uttar Pradesh, has now facilitated the payment of Stamp Duty through the purchase of Uttar Pradesh e-Stamp paper.
Stamp Duty
Stamp duty is a kind of tax that requires to be paid at the time of Uttar Pradesh property registration. This legal tax needs to be paid as proof for any purchase of immovable property or registration of deed. Stamp duty is deliberate on market value or a considerable amount of the property, whichever is higher. The stamp duty for Uttar Pradesh Property registration is tabulated here:
Sl.No | Type of Deed | Stamp Duty Charges |
1 | Sale Deed | 7% |
2 | Gift Deed | Rs. 60 to Rs.125 |
3 | Lease Deed | Rs. 200 |
4 | Will deed | Rs. 200 |
5 | Conveyance Deed | Rs. 60 to Rs.125 |
Note: Consideration amount is a total value of funds involved in any sale transaction entered between two parties.
Stamp Paper
Stamp papers are one of the traditional ways of paying stamp duty and property registration charges. The owner of a property/land needs to purchase non-judicial stamp paper from an authorised vendor or Treasury in Uttar Pradesh. Once the non-judicial stamp papers are purchased, the property transaction details will be written or typed on that.
Uttar Pradesh e-Stamp Certificate
Uttar Pradesh e-Stamp Certificate is a computer-generated alternative for conventional stamp paper. To ignore counterfeit stamp papers and to make Uttar Pradesh property registration easy, the Government of Uttar Pradesh introduced e stamping. As per The Uttar Pradesh Stamp Act, 1957 Act, transaction above Rs. 1 lakh should be paid only with Uttar Pradesh e-stamp.
Benefits of Uttar Pradesh e-Stamp Paper
Uttar Pradesh e-Stamp Certificate can be used for all instruments on which stamp duty is payable. Such instrument incorporates all transfer documents such as sale deeds, mortgage deeds, exchange deeds, gift deeds, conveyance deeds, and power of attorney, deed of partition, lease deed, agreement of tenancy, leave and license agreement. The benefits of using Uttar Pradesh e-Stamping Certificate is explained in detail below:
- Uttar Pradesh e-Stamping Certificate is a convenient method for tax at the time of property registration
- Usage of Uttar Pradesh e-Stamp Certificate eliminates the need of non-judicial stamp papers for property registration
- All details of the property
- registration stamp duty rate can be obtained from a single online portal
- Uttar Pradesh e-Stamping Certificate online purchase makes the property registration process quick
- Uttar Pradesh e-Stamping Certificate is tamper proof
- Validation is very easy with Uttar Pradesh e-Stamping Certificate
Attribute in Uttar Pradesh e-Stamp Paper
The Uttar Pradesh e-Stamp certificate contains below-mentioned information.
- Name of payee
- Government Receipt Number (GRN)
- Payment date and time
- e-Stamp Certificate Serial number
- Department Reference Numbers
- Nature of properties or lands
- The rate of stamp duty paid
- Value of immovable property or land
Licensing Authority- The Government of Uttar Pradesh appointed Stock Holding Corporation of India Limited as the Central Record Keeping Agency.
Procedure to Purchase Uttar Pradesh e-Stamping Certificate
Step 1: You have to ascertain the Uttar Pradesh property registration reference number and the rate of stamp duty payable from the concerned revenue office.
Furnish an Application
Step 2: Approach the counter of CRA in Registration office or CRA branch office or Authorized collection centres (ACC) and fills up the Uttar Pradesh e-Stamp Certificate application form.
Step 3: After providing details in e-Stamp Certificate such as property/land details, first party information, Second party information, the rate of stamp duty, furnish the application form at the counter.
Make Payment
Step 4: Applicant can make the payment through any of the following ways to get Uttar Pradesh e-Stamping Certificate:
- Cash
- Cheque
- Demand Draft
- Pay Order
- RTGS
- NEFT
- Account to Account transfer
Get Uttar Pradesh e-Stamp Certificate
Step 5: Once the stamp duty is paid, the Uttar Pradesh e-Stamp Certificate will be generated and provided to the applicant.
Step 6: In case of payment made through Cheque or Demand Draft (DD), the applicant will be granted with a receipt from the counter. Upon crediting the charge to the CRA accounts, the applicant can get the Uttar Pradesh e-Stamp Certificate from the concerned counter.
Step 7: After getting the debit confirmation from the appropriate bank, visit the nearest counter; submit the transaction reference issued by the bank along with duly filled the e-Stamp Application Form to get the e-Stamp certificate.
Step 8: For registering property in Uttar Pradesh, visit the concerned registration office with the Uttar Pradesh e-Stamping Certificate along with the deed.
FAQs
What is e-Stamp Paper in Uttar Pradesh?
e-Stamp Paper is a digitally generated stamp paper issued by the Government of Uttar Pradesh for executing various legal and financial documents.
How do I procure e-Stamp Paper in Uttar Pradesh?
You can procure e-Stamp Paper in Uttar Pradesh through authorized banks, stamp vendors, or online through the government’s official portal.
What documents require e-Stamp Paper in Uttar Pradesh?
Various legal and financial documents require e-Stamp Paper in Uttar Pradesh, including property sale deeds, rental agreements, affidavits, powers of attorney, loan agreements, and other agreements subject to stamp duty.
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online
Company Registration Services in major cities of India
Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow
Complete CA Services
RERA Services
Most read resources
tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password | internal audit applicability | preliminiary expenses | mAadhar | e shram card | 194r | ec tamilnadu | 194a of income tax act | 80ddb | aaple sarkar portal | epf activation | scrap business | brsr | section 135 of companies act 2013 | depreciation on computer | section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta