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Hi if I am buying a 40 year old resale flat what type of taxes would be levied and would I be eligible to take loan foo

Q: The value of property is 65 lacs. Can I make an agreement of full value and what are the other charges I'll have to pay ?
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Replies (3)
1
Yes, after registry of property in your name, you are liable to take bank loan or loan against property which is known as Mortgage Loan.
Jyothi J


2
Visit the property registration office of your area and ask them for the charges. They will provide you the exact charges.
Vikash V


3
You have to pay only stamp duty and registration charges for making of agreement. As your property is not under construction so you don't have to pay service tax. Service tax is applicable on under construction flat.
Jyothi J


4

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