UP CM for reduction in stamp fee on rent agreements [Video]

Uttar Pradesh Chief Minister Yogi Adityanath has said that an online system for stamps and registration is crucial for ease of living and better record and data management.

He directed that preparations should be made regarding this as soon as possible and a draft should be readied and presented.

According to an official statement, the Chief Minister also directed the reduction of the stamp registration fee for rent agreements of residential, non-residential, and commercial properties.

He suggested creating different brackets for this and simplifying the agreement process.

He emphasised that the entire system of codification, e-registration, and e-filing under the Online Registration Rules 2024 should be transparent.

E-registration should be carried out through government agencies and RERA-approved builders.

Additionally, the work of e-filing should be done through bank file 6 (1), rent agreements of up to 12 months, and any documents under Sections 18 and 89 of the Registration Act …