Q:
Hello,
I am interested to purchase "resale property", which is 12 years old, well maintained and well furnished.
Property owner is asking 23 Lakhs as buying price. I agree with it, but would like to know what additional charges I need to pay to government/corporation.
I am new in this field and don't have an experienced person with me, who can guide me properly.
I came to know that I need to pay "stamp duty, dastaveg, society transfer fees" etc... but, don't know what is the amount I need to pay for all of them.
Please guide if possible on an urgent basis.
Hello,
As I am buying the home in the name of my wife, any decrements possible in terms of Stamp Duty and Registration Fees?
I am taking loan on the name of my wife and I am responsible to pay all amount. SBI Home Loan rate is 9.70%, which is quiet good when compared to other banks.
Please Suggest,
NishithHello,
As I am buying the home in the name of my wife, any decrements possible in terms of Stamp Duty and Registration Fees?
I am taking loan on the name of my wife and I am responsible to pay all amount. SBI Home Loan rate is 9.70%, which is quiet good when compared to other banks.
Please Suggest,
Nishith
As I am taking home loan from SBI, the representatives from the bank (Advocate and Valuer) will do all necessary proceedings for which they charge approx 3500 Rupees. These are the words from Bank.
Is that true?As I am taking home loan from SBI, the representatives from the bank (Advocate and Valuer) will do all necessary proceedings for which they charge approx 3500 Rupees. These are the words from Bank.
Is that true?
Thanks a lot for all positive inputs....Thanks a lot for all positive inputs....
My comments to replies
@Nishith, There is no issue if you buy such kind of property as many other people buy such kind of property. But As said by Jack you should hire any lawer/Expert who can properly guide you. So, you can do this flawlessly. All the very Best.
Thanks for providing valuable information. I am going for old home because of some important factors as mentioned below.
1) Total carpet area is 89 Yards, which is totally usable. No deduction in built up area, which is useless and major of the builders are deducting 30-40% from it.
2) Old construction stays long and the said construction has built by well known builder. Even, the walls are quiet think and sturdy. Less pillar I have monitored in entire building structure.
3) The said old apartment is well maintained and no dues found in terms of property tax, water tax and electricity bill.
Please clarify if I am wrong on above mentioned points.
Q:
Hello,
I would like to know revised stamp duty and registration charges in Gujarat State. Soon, I am going to buy "resale" property and would like to know all hidden charges which are excluding from the loan amount.
Home loan amount is 21 lakhs and property is 12 Years old. In addition to this, who will bear Stamp Duty?
Means, Seller/Buyer will bear it equally or wholly bear by buyer only?
Please guide me.
@ Devesh Kumar
If the stamp duty is 3.5%, means I need to pay approx 85,000 (Eighty Five Thousand Only) for 23 Lakhs. Am I Right?
For Registration Charges 1% = 23000 (Rupees Twenty Three Thousand Only)@ Devesh Kumar
If the stamp duty is 3.5%, means I need to pay approx 85,000 (Eighty Five Thousand Only) for 23 Lakhs. Am I Right?
For Registration Charges 1% = 23000 (Rupees Twenty Three Thousand Only)
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