I am planning to Purchase the land and build the home on my own.

When I enquired the banks said they are ready for up to 80% of the land cost.

I am planning to buy a property in chennai worth 20lacs (1200 sqft) but the seller ready to give the price on registration as 12lacs.

can someone explain whether bank be giving loan for 20 lacs(actual transaction amt) or the 12 lacs( land registration amt) for purchasing the land.
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  • I just called HDFC.. he says it'll be on government price only i.e 12 lkhs in ur case. specifically speaking the registration price..