if registration is to be in the name of co. whether is any concession of registration charges ??

Dhruv Girdhar,

7th October 2018

Property Tax in Sector-9, Hisar

joint ownership

stamp duty in haryana

tax benefits

tax exemption on a home loan

registration charges in haryana

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Replies (2)

If a husband and wife are the joint owners of a property and if the wife has a separate source of income, then they can both claim tax deductions individually. The tax benefit will depend on the ownership share of each co-owner. It is always advisable to buy property in the name of wife to get tax benefits.

Praveen P, Delhi

8th October 2018

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and you can save 1-2% on stamp duty, if the property is in a lady's name. In Haryana, the stamp duty rate is 4% for women in rural areas and 6% in urban areas, compared to 6% for men in rural areas and 8% in urban areas.

Sangam, Noida

8th October 2018

Yes, if you have purchased the property jointly, the co-owners can claim these expenses in their respective income tax returns based on their share in the property. However, the maximum limit of Rs. 150000 available under section 80C shall apply.

Shivshankar, Delhi-NCR

8th October 2018

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