Sale of 1 BHK Flat for The Purchase of 2 BHK Flat upto 85L, Mumbai
3 Replies2225 ViewsLast Reply: 7 years ago
NarayananI
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Started 7 years ago
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- Originally Posted by NarayananIHi,
I am from Malad, Mumbai and am working towards selling off my 1BHK and buying a 2BHK.
However, would like to work out the total cost involved in this process.
Can somebody help me out with the cost of selling the flat (brokerage/any other contribution) and cost of buying the 2BHK (registration/stamp duty/any other contribution).
I understand each property might have its own additions (like club house facility, parking charges etc.) but what I am looking for over here is more of a percentage decrease of the value earned from the sale of the flat and the percentage increase in the acquisition of the new property.
The agenda is to come up with a spread sheet which can be guide to decide on the feasibility of this endeavor.
Hey,
Incase my question above is not clear, what I want to know is when I sell my flat what are the deductions from the sales proceeds?
And when I buy what are the additional charges on top of the apartment cost am I missing anything? I am trying to come up with a spreadsheet which will calculate the Net cash/loan to be availed when I do these transaction. am I missing anything? I am trying to come up with a spreadsheet which will calculate the Net cash/loan to be availed when I do these transaction. am I missing anything? I am trying to come up with a spreadsheet which will calculate the Net cash/loan to be availed when I do these transaction.CommentQuote0Flag - Originally Posted by NarayananIHi,
I am from Malad, Mumbai and am working towards selling off my 1BHK and buying a 2BHK.
However, would like to work out the total cost involved in this process.
Can somebody help me out with the cost of selling the flat (brokerage/any other contribution) and cost of buying the 2BHK (registration/stamp duty/any other contribution).
I understand each property might have its own additions (like club house facility, parking charges etc.) but what I am looking for over here is more of a percentage decrease of the value earned from the sale of the flat and the percentage increase in the acquisition of the new property.
The agenda is to come up with a spread sheet which can be guide to decide on the feasibility of this endeavor.
From my personal experience although you end up giving a 1-2% brokerage, its always beneficial to buy / sell through the brokers.
Where are you planning to buy your 2BHK flat, because a lot will depend on the locality where you are planning to move to.CommentQuote0Flag - Originally Posted by bhushank4From my personal experience although you end up giving a 1-2% brokerage, its always beneficial to buy / sell through the brokers.
Where are you planning to buy your 2BHK flat, because a lot will depend on the locality where you are planning to move to.
Tough question... But with my budget of 85L pretty much on hold for now. Nothing in Malad/kandivli near link road is available at that price.CommentQuote0Flag