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2% Hike In Stamp Duty By April-End

The stamp duty in Noida and Greater Noida will be increased to 7% from the current 5% by end of April, sources in UP stamp and registration department declared. While a notification for the same has already been issued by UP industries department, the stamp and registration department too will issue a notification within a week. There are over 30,000 registries pending mainly due to delay on the part of developers, who are yet to make payments to Noida Authority. According to sources, without payment, the Authority does not issue completion certification to developers, without which, the stamp and registration department does not register properties. More`>>