Resale Flat Costs and Loan

Q: I want to buy a resale flat in Garia. Is there any legal provision for the owner to fix a price? Can I get a loan for my purchase?

Nidhi Rao, Kolkata

31st January 2012

Buying property in Kolkata

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Replies (10)

Cost of a flat depends on the locality, connectivity, amenities and facility provided and more over the age on the building. Now- a- days the price of flats in Kolkata are touching the sky mainly areas like Garia which one of the posh area in Kolkata. You can definitely apply for a home loan, home loan depends on how much is your income and your capacity to repay.

Biswanath Mukherjee, Kolkata

31st January 2012

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Just 2yrs back I bought a resale flat in Eden Flora 1 and it is still in such a nice condition that we hardly face any maintenance cost, which was my biggest fear before buying a 2nd flat.

partha bannerjee, Kolkata

31st January 2012

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People who own 1 market or hawker stall or commercial or else industrial property but do not operate the business themselves in Indian jurisdiction can not apply for a home premium loan for a resale flat.

Mahesh Kundu, Kolkata

31st January 2012

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http://www.apnapaisa.com/search/q/resale-flat-home-loan.html here you can get information on resale flat home loan premiums. Other than that you can get your different financial queries answered.

Aditya Malhotra, Kolkata

31st January 2012

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If you own 2 or more owner-operated market/hawker stalls or any commercial or industrial property inside or out of India you will not be eligible to apply for a home loan on white premium of resale property.

mitrariya.riya,

31st January 2012

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It is also applied to consumers who have already enjoyed 1 concessionary interest rate mortgage loan and 1 housing subsidy previously and the property they last disposed off is a private residential property.

Purab Sarda, Kolkata

31st January 2012

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Mind you,,,, registration fee is not given to the house seller or previous owner. It is paid to the area registrar’s office in municipality or Municipal Corporation. The person from whom you buy a flat decides the cost in terms of money per sqft. You can try http://edenblog.in/ to learn about super built carpet area costs.

Romir Sen, Kolkata

31st January 2012

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UDS is Un Divided Share. Cost of building per sqft multiplied with Number of sqft allotted in UDS. One has to pay the registration fee for this value at the time registration for resale flats.

Varsha Mehra, Kolkata

31st January 2012

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Cost per construction cost is fixed by registration office. It depends on the building depreciation. How old the building is. If the building is too old then the construction cost would be considered less.

Puja Roy, Kolkata

31st January 2012

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A second hand flat value is calculated keeping a balance between UDS and CPC cost. Before you deal a seller try to know about these two features in the area.

Dhumketu, Kolkata

31st January 2012

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