Uttarakhand govt hikes property registration fee
Purchasing land or property in Uttarakhand will become more expensive. The government has doubled the registration fee charged by the Stamp Department. The fee will now be ₹50,000 instead of ₹25,000.
Finance Secretary Dilip Jawalkar issued a notification on Monday. This fee is used for various Stamp Department activities. Following the notification, the Inspector General of Registration issued orders to all districts on Monday evening, implementing the revised rates.
Increase after 10 years
Previously, the registration fee was fixed in 2015. Under this, two percent of the property’s valuation was required as registration fee. The maximum limit was ₹25,000. Now, the maximum limit has been increased to ₹50,000.
Finance Secretary Dilip Jawalkar stated that the registration fee has been revised rationally and practically. The lower amount will be two percent of the property’s value or a maximum of ₹50,000.
The fees will be applicable as follows
Property valuation fees have been set according to slabs. Properties up to ₹1 lakh will be charged ₹2,000, while this will increase to ₹10,000 for properties up to ₹5 lakh. Properties up to ₹10 lakh will be charged ₹20,000, and properties up to ₹25 lakh will be charged ₹50,000. A maximum fee of ₹50,000 has also been set for properties above ₹25 lakh.
