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Govt Taxes for New Property in Noida

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Govt Taxes for New Property in Noida

Last updated: November 18 2012
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  • Govt Taxes for New Property in Noida

    Hi All

    I looked for any discussion on this topic but was unsuccessful so far. So I would really appreciate any help, advice and/or info on the issue of govt taxes on new property purchase.

    I am looking into purchasing an apt in Kasablanca, Jaypee Greens, NOIDA. It was announced mid-2012 and construction starts in a few months. I have opted for PDP payment scheme. But nowhere its clear what the taxes will work out to be for various elements - from basic price to the extras.

    I would be most grsteful if someone could provide some info on this.

    Thanks very much!
  • #2

    #2

    Re : Govt Taxes for New Property in Noida

    Service tax : 3.09% on BSP & 12.36% on extras..
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    • #3

      #3

      Re : Govt Taxes for New Property in Noida

      Thanks very much for your quick reply Abishek!
      I assume this includes parking costs as well (as extras)?

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      • #4

        #4

        Re : Govt Taxes for New Property in Noida

        As per my knowledge thr is no service tax on parking amount..
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        • #5

          #5

          Re : Govt Taxes for New Property in Noida

          Originally posted by Abhishek Agg View Post
          As per my knowledge thr is no service tax on parking amount..
          Some builders in Noida are charging service tax on parking while others are not. There is no clarity.

          This is banana republic in action for you.

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