Retailers Association of India (RAI) has welcomed the Government of Uttar Pradesh’s decision to cap stamp duty and registration fees on lease deeds, a measure that aligns with recommendations made by RAI and other industry bodies over several years. The industry has consistently highlighted that high and unpredictable stamp duty and registration charges discourage formal tenancy registration and raise operating costs for retailers.

The new system introduces a ceiling on both stamp duty and registration fees linked to tenancy duration and average annual rent. RAI stated that this reform will offer measurable cost savings for retailers and encourage more formal rental contracts in the state.

According to the association, the change is expected to support the expansion of organised retail, improve ease of doing business, and reduce procedural bottlenecks linked to tenancy documentation.

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