Q:Undivided share of land : Rs 20.23L(agreement to sell)Construction cost (incl covered car park) : 50.11L.VAT + ST = 6.5L.Should reg fee & stamp duty considered on land cost alone / land + construction cost ?Should VAT/Service Tax component be included to calculate reg / stamp duty ?
Latest Answer: Suppose saleable area is 1500 square feet and the guideline value is Rs. 5000 per square feet.
Total Saleable value = Guideline value * Saleable area = 1500 * 5000 = Rs. 70,50,000.
Registration value = 1% * total saleable value = Rs. 70,500
In Urban Areas
Stamp Duty = 5.6% of the value of apartment = Rs. 70,50,000 * 0.056 = Rs. 3,94,800
Total Cost to the buyer = Rs 70,50,000 + Rs. 3,94,800 + Rs 70,500 = Rs. 75,15,300
