First 5L will be charged at fixed rate (it's just few thousand, forgot the exact fig) & the remaining amount above 5L will be charged at 5%. Registration charges are 30k, but a GR has been issued for making it 1%. Don't know whether this 1% is now applicable or not.
This amount though depends upon; on-paper value of the flat. If B-money is largely involved, you will save lot of SD+reg charges.
Originally Posted by anandloni
I am planning to purchase resale flat in bhosari. Please let me know what is the percentage of the total cost of the flat I have to pay as stamp duty and registration.
The Market value for stamp duty for resale is calculated as follows
100 % of Built up area as mentioned in Agreement
40 % of Terrace (if mentioned in Agreement)
25% of parking (if mentioned in Agreement)
Lift charges if above 7th Floor
This is done based on ready reckoner rates for the area decided by Govt.
For pashan the rate is 34500/sq.mtr.
This is done at the sub-registrar office (your lawyer can get it done for you)
If the value calculated by above method is less than the selling price then the selling price is considered.
5% stamp duty on above by way of franking on first page of agreement/sale deed. (some places only accepts cash)
1% or 30,000 whichever is less is the registration charges (It will be 1% soon)
I did all this just last week.
This forum helped me a lot to get all my questions answered.