Dear Expert members,
I am, the lessee and want to register a lease deed of 3 years in Uttar Pradesh (UP).
My research shows that the charges for registration of a Lease Deed in Uttar Pradesh currently are as follows:
Stamp Duty = Rs. 125 per Rs. 1000 (of 3 times the annual rental value)
Registration Fees = 2% of Annual Rent.
The Lease deed to be registered is of 3 years. Further the Lease Deed has renewal clauses. I have been informed that if the Lease Deed contains renewal clauses the Duty chargeable on it is going to be 2.5 times.
Can someone please clarify this? Is it true that putting in a renewal clause shall render the lease deed liable to be charged at a higher rate?
I thank you in advance for your precious time.
