Below nos is from Golden gates's blossom property.
Super built up area - 1285sqft
Rate Rs/sqft - 2500rs
Basic cost - 32,12,500
Car park - 2,00,000
Agreement value - 34,12,500
power,dg,stp,charges at 140rs/sqft - 1,87,312
cauvery water charges - 40,000
Club charges - 1,24,944
Maintenance deposit - 35,000
Maintenance for first year - 23,130
Registration and Stamp Duty - 3,24,188
Grand total - 41,47,073
As i under stand, the stamp duty is 6% of agreement value. Where as the above mentioned is almost close to 10%. What am i missing here?
Registration and Stamp duty for Apartments
Re: Registration and Stamp duty for Apartments
This is probably still calculated at the old rate.
You dont need to pay more than 6.8% plus 1 % totally 7.8%
You dont need to pay more than 6.8% plus 1 % totally 7.8%
Loan amount - Re: Registration and Stamp duty for Apartments
Hello,
Is the loan amount linked to the value for which reigstration is done?
Some builders talk about selling flats fro 30 lakhs but registration value as only 1.2 lakhs which is just 4%. Then they say that they will show only the government value for the registration.
Someone told me that banks (SBI) will accept the loan only for the amount on registration document and private banks will give loan for full amount.
Is this true? How exactly is this registration and stamp duty thing works out?
Manoj
Is the loan amount linked to the value for which reigstration is done?
Some builders talk about selling flats fro 30 lakhs but registration value as only 1.2 lakhs which is just 4%. Then they say that they will show only the government value for the registration.
Someone told me that banks (SBI) will accept the loan only for the amount on registration document and private banks will give loan for full amount.
Is this true? How exactly is this registration and stamp duty thing works out?
Manoj