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Now, stamp duty as per circle rate for power of attorney in Uttar Pradesh

Dated on: Friday 9th June 2023

The UP Cabinet has approved a new rule aimed at combating stamp duty evasion cases that have surfaced recently. Under this rule, if a power of attorney grants the authority to sell a property to someone other than a family member, the registration of that property will be subject to stamp duty based on the circle rate. This measure was implemented due to builders exploiting a loophole and persuading farmers to sell their lands under the pretext of a power of attorney, thereby circumventing the payment of stamp duty.

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