Extreme lag in video recording(stock camera app) POCO X7 PRO

I have the latest Indian build 3.0.302.0.WOJINXM.C07 with july security patch and I am having extreme issues in video recording.

I am facing extreme lag, video chopping and extremely slow response. The issue is very bad on 4K60, which I usually use, also tested on FHD60 and it is still there but not as bad.

Is someone also facing this? Any fixes?