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Q: For a ready to occupy, builder is asking me to pay the below, is it correct? anybody please help.

Registration Charge 6%
Service Tax 3.5%
VAT 1.25%
Documentation Charges 10K
Corpus Fund 50 Rs per square feet.

Kiran,

22nd September 2015

Investment Advice in Kondapur, Hyderabad

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Replies (4)

Hi, As per my knowledge Stamp duty can be paid within three months from the date of receipt of such document in India. Document may be produced before the District Registrar. Who will certify on payment under Section 18 of Indian Stamp Act, 1899.

Praneeth Kumar, Hyderabad

23rd September 2015

Comment

How to pay stamp duty in respect of a document executed out of India to be used in Andhra
Pradesh? What is the procedure to be followed?

Tinku Patel, Hyderabad

23rd September 2015

Comment

Hi Kiran,I can understand your concern. I would like to suggest you to consult a reputed lawyer to know about the legal aspects of this project before further proceed your payment and what is mentioned in your property agreement.As per your posting the rate is quite high ...

Dhananjay, Hyderabad

22nd September 2015

Comment

Hi Kiran,
Services tax is applicable only in under construction project. so in your case you did not pay any service tax to the builder.

Shiva Kuchibhottlla, Hyderabad

22nd September 2015

Comment

Hello,
The stamp duty in Hyderabad is dependent on different criteria s eg: sales deed or conveyance deed.

1. Sales deed (Stamp duty 4% and registration charges 0.50% )
2. Conveyance Deed (gift, mortgage, lease etc.) the stamp duty charges would be 5% and registration charges 0.50%.

Thanks

Ramya Janagam, Hyderabad

22nd September 2015