what is the disadvantage to a builder if propert is registered in market value not registered value

Ranjan, Bangalore

15th March 2015

Legal in Bangalore

property registration

govt guidance value

property registration in bangalore

property registration on market value

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Righ Sir,
It is advised to go register as per market value and have peaceful nights sleep. Why? Because, when you sell your property in future , you have to pay the tax on the profits made. And the profit is decided by your cost of the house and the sell price. So lower the cost of your house, the higher the profits on paper for you in future. You might be aware of the fact that indexation is applied in case of real estate transactions and 20% tax is paid on the profit.

Indrajit Kaul, Bangalore

16th March 2015

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If you are buying through bank loan. So all the money which you give in a non-cash way is white. And during registration developer will be taking your rest of the amount as development charges as i know. So as long as you don't hand over cash you are fine. Whatever cash you hand over will turn your white money to black and when you resell your asset, You have to either pay capital gains tax or construct a house/buy an apartment.
Banks usually give home loan on agreement value and not on registration value. So since you are going to buy with developer you are fine as long as you don't pay him in cash.

Balaji, Bangalore

16th March 2015

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