Q:A Flat is offered in Elegant Supreme (Horamavu) by a owner who is yet to get the sale deed done, in Elegant Supreme. As a propspective buyer, I would like your help to know what is the present [Nov 2011] guidelines value, what would be the VAT/Service Tax , Stamp duty and Regn chgs for a 1040sq.ft flat?
Latest Answer: As per present budget, VAT charged is 1 % of basic cost, Service tax is 10.8 % of basic cost and registration charges is 4.75 % of basic cost. You can inquire with the builders once about the charges. Do check the sale deed is done in time before transferring the property.
