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Home > Forum > Bangalore > Old Airport Road > Investment Advice > Hi - I am planning to buy an apartment in Diamond District and have these questions

Hi - I am planning to buy an apartment in Diamond District and have these questions

Q: What kind of sale deed (is it registered , is some stamp duty paid) is prepared for the transaction? And what is the transfer fee that needs to be paid? Do any banks fund the transaction?

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Replies (2)
1
Don't buy any property in DD as one broker told me that the flat can't be registered in ur name. there is a litigation from builder side for a long time. that's the reason u can find DD flat in much cheaper rate.
Abhijit


2
It is applicable for bbmp limits property. The stamp duty is 5.6% on the guidance value or the market value or the consideration shown in the document- whichever is higher. The registration fee is 1% on the guidance value or the market value or the consideration shown in the document- whichever is higher. The total expenditure/expenses/fee/charges is 6.6%.
Rakesh


3

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