WISH TO BUY A FLAT IN RAU INDORE. WHAT WILL BE REGISTRATION COST, VAT & SERVICE TAX FOR A UNDER CONSTRUCTION FLAT COSTIN

Q: WISH TO BUY A FLAT IN RAU INDORE. WHAT WILL BE REGISTRATION COST, VAT & SERVICE TAX FOR A UNDER CONSTRUCTION FLAT COSTING 2200000.

Sujeet Chatterjee, Indore

12th December 2016

Buying property in Rau, Indore

property registration charges in indore

property tax in indore

registration charges in indore

property registration charges in indore 2016-17

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Replies (2)

Yes, you have to pay 8% as Stamp Duty which is Rs.176000 and 1% Registration Charges which is equal to Rs.22000. So, your total property value will be Rs. 2398000 now.

Dhiraj,

13th December 2016

Comment

Hi Sujeet!!
Stamp duty and registration charges in Madhya Pradesh for the current financial year 2016-17 is 8% and 1% respectively.

Suresh,

13th December 2016

Comment

Yes, but remember that purchasing land or residential property has now become costlier in Madhya Pradesh as the stamp duty on registry of property documents which was now calculated on the basis of 0.125% of the property value is now raised to .5%. The Government wants to use the additional income that would be generated through this hike on creating jobs in the rural areas.

Diwakar Shetty,

13th December 2016