Retailers Association of India (RAI) welcomes the Government of Uttar Pradesh’s decision to cap stamp duty and registration fees on lease deeds — a long-standing recommendation that RAI and other industry bodies have been advocating for on behalf of India’s retail and commercial sectors. It was highlighted that  high and unpredictable stamp duty and registration fees act as a deterrent to formal tenancy registration.

Under the new system, maximum stamp duty and registration fees have been capped. These limits will be based on the tenancy period and average annual rent and certainly saves money for retailers.

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