IREF® Real Estate in India - Property Discussion
Revert to old theme

Download our app now !

Closed
Stamp duty and registration charges for resale flat PUNE CLOSED
November 25 2009 , 06:22 PM   #1
New Member

anandloni's Avatar
 
Join Date: Jun 2009
Posts: 12
Likes Received: 0
Stamp duty and registration charges for resale flat PUNE CLOSED

Hi,

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.

Thanks in advance,
Anand
November 26 2009 , 09:23 AM   #2
Senior Member

lazybone007's Avatar
 
Join Date: Oct 2009
Posts: 963
Likes Received: 201

Stamp duty is 5% of the agreement cost and as per new rules, registration will be at 1% of the agreement cost. So a total of 6%.
November 26 2009 , 02:29 PM   #3
Member

kothrud_pune's Avatar
 
Join Date: Nov 2009
Posts: 338
Likes Received: 2

Also check the government value of this flat.If that is on higer side(This is not possible in pune in current situation...) ,u have to pay 6% of that cost
November 26 2009 , 05:38 PM   #4
New Member

1001acres's Avatar
 
Join Date: Jul 2009
Posts: 34
Likes Received: 0

Bhosari?? what kind of name of the area is this????
November 26 2009 , 06:44 PM   #5
New Member

shipnil's Avatar
 
Join Date: Nov 2009
Posts: 12
Likes Received: 0

Quote:
Originally Posted by 1001acres
Bhosari?? what kind of name of the area is this????
Are you new to Pune?
November 26 2009 , 09:42 PM   #6
New Member

Mangesh007's Avatar
 
Join Date: Sep 2009
Posts: 38
Likes Received: 0

Quote:
Originally Posted by 1001acres
Bhosari?? what kind of name of the area is this????

I think he knows only IT park, Kalyani nagar, Kothrud and Aundh

But dude Bhosari provides jobs to lacks of Mango Man (Aam aaami) so u dont heared abt that area........but for u r info In bhosari there are also big companies like Patani, Thermax etc etc.
November 26 2009 , 09:43 PM   #7
Veteran Member

realacres's Avatar
 
Join Date: Jun 2009
Posts: 13,253
Likes Received: 2462
My Mood: Innocent

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.
Quote:
Originally Posted by anandloni
Hi,

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.

Thanks in advance,
Anand
November 26 2009 , 09:44 PM   #8
Veteran Member

realacres's Avatar
 
Join Date: Jun 2009
Posts: 13,253
Likes Received: 2462
My Mood: Innocent

Man, it is one of PCMCs biggest industrial area.
Quote:
Originally Posted by 1001acres
Bhosari?? what kind of name of the area is this????
November 28 2009 , 10:43 AM   #9
Member

gsa177's Avatar
 
Join Date: Jun 2009
Posts: 91
Likes Received: 0

Quote:
Originally Posted by Mangesh007
I think he knows only IT park, Kalyani nagar, Kothrud and Aundh

But dude Bhosari provides jobs to lacks of Mango Man (Aam aaami)
Mango Man .. liked that!
January 16 2010 , 03:58 PM   #10
New Member

samazdar's Avatar
 
Join Date: Apr 2009
Posts: 4
Likes Received: 0
Did it last week

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.

----------------

Closed and COPIED to http://www.indianrealestateforum.com...une-14628.html
Choose theme from here -
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks