New Delhi. The Yogi government of Uttar Pradesh is taking such decisions one after the other which will be a relief for the people of the state. In this sequence, now the Chief Minister of India’s largest state, Yogi Adityanath has given a big gift to those who do property in the name of their loved ones. After this decision of the government, no stamp duty will have to be paid on the registry of blood relation in the state. Registry facility will be available on a stamp of only 5 thousand and 1000 processing fee will be charged. The Yogi government has approved this proposal from the cabinet.
Registry facility will be available on the stamp of 6 thousand rupees
After this gift of the government, now you will be able to take the facility of registry on a stamp of Rs 6,000 in the gift deed to do property in the name of your loved ones. According to this category of the government, those who will get its benefit will be parents, husband-wife, son-son bride, daughter-son-in-law, real brother-real sister, son-daughter’s son-daughter respectively within the family.
4 lakh 20 thousand spent on 50 lakh property
Till now, even in the gift deed within the family, people had to pay according to the DM circle rate. For example, if someone’s property is worth 50 lakhs, then he had to spend at least 4 lakh 20 thousand for it, but now after the decision of the Yogi government, this work can be done only for 6 thousand rupees. If seen in this way, the Yogi government has given a big gift to the families of UP.
Scheme has been started under pilot project
Let us inform here that at present this scheme has been started under a pilot project. Initially this scheme will be implemented for 6 months. Later it can be extended further. The government will suffer a loss of about 200 crores due to the decision taken for the convenience of the public. At present, people have to pay stamp duty according to the DM circle rate. Apart from UP, the benefit of this facility is also being given in states like Maharashtra, Karnataka and MP.