Bare Act

The Indian Stamp (Uttar Pradesh Amendment) Act, 2024

This law amends the Indian Stamp Act to update stamp duty rules for Uttar Pradesh, specifically regarding Power of Attorney documents used to sell property. It changes the tax rates so that family members selling property through a PoA pay a fixed fee of five thousand rupees, while non-family members must pay a duty equal to a standard conveyance tax based on the property's market value. The legislation also repeals a previous ordinance from 2023, ensuring that any actions taken under the old rules are treated as if they were done under this new law.

PDF: pending for this language.