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Tag Archives: Stamp Duty

Buying New Home – Heavily Taxed by Government

Under Construction Property Taxed Heavily

Buying a Home today is getting more expensive, thanks to the Government various tax slaps on the Home Buyer. While the Ready Possession properties are available with No Additional Taxes, the New Home Buyer, who risks himself for few years has to pay Service Tax of Nearly 4.2%, Vat of 1% in addition to the Stamp Duty of 5% in …

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Stamp Duty Ready Reckoner Rates Mumbai

Stamp Duty and Registration

Stamp Duty Rates Mumbai Every December the Government of Maharashtra revises the Stamp Duty ready reckoner rates. These rates usually go up from 10 to 20% each year and thus making the minimum purchase price in a particular location on the basis of the Ready Reckoner Rates. Let us understand what it means for a Property Buyer or an Investor …

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Incidental Expenses while selling Real Estate in Mumbai , India

stamp duty

The below article contents are most suited for Selling properties in Mumbai, Thane and Navi Mumbai as the same is based on local laws and market practises. 1.Transfer Fees – Usually the same is Rs.25,000/- and in most cases, the same is equally shared between the Buyer and the Seller unless agreed upon in the manner decided mutually between the …

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Taxes For Leasing Property


Highlighted below are a Number of Taxes payable along with General Expenses incurred for leasing the property. 1.Fringe Benefit Tax payable by the Employee in case of a Company – Lease – 20% (Tenant to Pay) 2.Service Tax – Presently only on Commercial Property – 12.36% – (Owners to Pay) 3.Property Tax on Leasing/Licensing (more in commercial property) – (Owners …

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Ascertaining your Under Construction Home Costs

2013-05-18 16.52.51

Buying a Under Construction home is one of the most easiest tasks ever. It is simple, choose a location, the project, speak to the developer, agree on the price and yes, you have a deal. It is very important, that one studies a little more in detail. I am highlighting below a few points, which you must review before you …

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