1 / 6

Important facts about Stamp Duty-Urban Space Creators

Stamp duty is a tax levied by the government on property transactions. Stamp duty varies from state to state and also property type. The tax is legal and acts as the evidence for any sale or purchase of a property. Buyers pay stamp duty, regardless of agreemen

16840
Télécharger la présentation

Important facts about Stamp Duty-Urban Space Creators

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Important facts about Stamp Duty Urban Space Creators S. No. 83, BRTS, near Le Stone Restaurant, Ravet, Pune, Maharashtra 412101 www.urbanspacecreators.com

  2. Important facts about Stamp Duty Buying a house is an overwhelming experience both financially and emotionally. For buying a home, we need to identify a property that matches our requirements. While buying the property we have to make a down payment, apply for a loan, sign the sale agreement, and so on. There is much nitty-gritty. One such important step is stamp duty. This is an important step while buying a house. After the possession of the property, it has to be registered in the local municipal records for legal evidence of ownership. During the registration of the property, you will have to pay stamp duty.

  3. Important facts about Stamp Duty What is stamp duty? Stamp duty is a tax levied by the government on property transactions. Stamp duty varies from state to state and also property type. The tax is legal and acts as the evidence for any sale or purchase of a property. Buyers pay stamp duty, regardless of agreement. In the case of property exchange both seller and buyer share the stamp duty. What is ready reckoner? A ready reckoner is a government-fixed rate, below which a property cannot be sold in an area. A ready reckoner is also known as the circle rate in Maharashtra. Even if the seller has priced the property at less than the government-fixed ready rates, the stamp duty calculation will still be based on the RR rates.

  4. Important facts about Stamp Duty How to calculate stamp duty Carpet area x rate per sqmetre = Property value Suppose you have 300 sq m as carpet area and circle rate of that area is 40 thousand per square meter in that area, the value of the property will be in that area will be 300*40,000=12,000,000 Considering the stamp duty in Pune at 5% of the property value, you have to pay Rs 6,00,000 as stamp duty. Since the property’s worth is over Rs 30 lakhs, you will be paying an additional Rs 30,000 as the registration charge.

  5. Location http://www.urbanspacecreators.com/ongoing/skyline/location.html

  6. Thank You CONTACT DETAILS: Contact No: +91 86 41 900 700 Contact No: +91-89569 11940 Contact No: +91-77220 17110  Mail Id: sales@urbanspacecreators.com Website : www.urbanspacecreators.com

More Related