Stamp duty and property registration charges in Lucknow are payable every time you wish to register a property. Use our stamp duty calculator to calculate the stamp duty for a property in Lucknow.
In Lucknow, stamp duty calculation depends on the circle rates, which in turn are determined for various localities in the city of Lucknow by the government of Uttar Pradesh. Knowing the circle rate in Lucknow, property registration charges, and more about stamp duty is essential if you are entering into any real estate transaction.
When you purchase a new property, you are required to pay the government a tax called stamp duty. This enables you to establish ownership of the property. Stamp duty is charged considering the relevant circle rate in question.
Circle rate or the ready reckoner rate is the minimum value below which a property transaction cannot occur. Think of the circle rate as the minimum value the government sets for the property.
Suppose the circle rate for a flat is Rs.30 lakh and the transaction value is Rs.40 lakh, stamp duty will be calculated on the higher amount, that is, on Rs.40 lakh.
Apart from stamp value, you need to pay a property registration charge to register your property at the relevant sub-registrar.
You can determine the value of a property basis the below details:
- Property’s built-up area
- Property type, locality, and the circle rate
Knowing your property’s value is essential if you want to sell it, or even use it as collateral to raise funds. For instance, you can avail of a Loan Against Property from Bajaj Housing Finance at a competitive rate of interest with a flexible tenor of up to 17 years. All you need to do to avail of funds is meet the eligibility terms, keep the documents ready, and maintain your property in a good shape.
*Terms and conditions apply
Frequently Asked Questions
Visit Lucknow Nagar Nigam website. Enter your details to proceed. You will be redirected to your account where you can check your property tax.
Visit Lucknow Nagar Nigam website to pay the property tax online. Enter details regarding your property account. After checking the property bill payments, you can proceed for the payment.
Disclaimer
These rates are indicative and remain subject to change depending on the laws and government guidelines, applicable at the time being. However, Bajaj Housing Finance Limited (‘BHFL’) is under no obligation to update or keep the information current. Users are advised to seek independent legal and professional advice before acting on the basis of the information contained in the Website. Placing reliance on the aforementioned information shall always be the sole responsibility and decision of the User and the User shall assume the entire risk of any use made of this information.
In no event shall BHFL or the Bajaj Group, its employees, directors or any of its agents or any other party involved in creating, producing, or delivering this Website shall be liable for any direct, indirect, punitive, incidental, special, consequential damages (including lost revenues or profits, loss of business or loss of data) or any damages whatsoever connected to the User’s reliance on the aforementioned information.
