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Stamp duty, registration charges and service tax

Q: Hai! I finalized an apartment at Nallagandla for a price of 27L. Builder is going to register the semi furnished flat with land value of 13L. And later 14L for construction cost. My questions are:1. What are the current stamp duty and regustration charges.2. What is the service tax percentage? Will that be charged for 13L or 27L. Do i need to pay service tax even though my builder is not a big brand service provider. I am with an opinion that service tax will be applicable as per the service provider.Your response will be of a great help for me. Thanks
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Replies (4)
1
Do i need to pay service tax when i buy a plot from a not so reputed real estate builder? Waiting for your reply
Abdul Zafar


2
Thanks sumit n shilpa
Madhusudana Rao


3
Hi Anusha, Yes I agree with Sumit that whatever information he has given is correct.
Shilpa


4
Hello Anusha, the apartments are registered based on their levels of completion. The registration includes 9.5% Stamp duty & 0.5% registration fees on the value of property. If you are registering for an unfinished level of an apartment, the stamp duty should be lower. You can also check the stamp duty through the online stamp duty calculator. However for your satisfaction you can compare the same with other apartments in the same locality.

sumit


5

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