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It is our endeavor to bring before you, accurate details on incidental expenditure you will incur on property transactions. We hope this will serve to give you a true indicator of the different issues involved in such deals and help you make an optimal choice.
On purchase of property the government has imposed stamp duty charges. Additional to that, in a registered society, transfer charges are applicable, approximate figures are mentioned below.
Expenses for Lease Transaction
Residential
Registration Fees: Rs.1,000/-
Stamp Duty
| |
12 Months |
24 Months |
36 Months |
48 Months |
60 Months |
|
Months Where the amount of Average Annual Rent plus
Security Deposit or Money Advance or to be
Advance is Rs.1 to Rs. 2,50,000
|
750 |
1,500 |
2,250 |
3,000 |
3,750 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 2,51,000/- to Rs. 5,00,000/-
|
1,500 |
3,000 |
4,500 |
6,000 |
7,500 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 5,01,000/- to Rs. 10,00,000/-
|
3,000 |
5,000 |
9,000 |
12,000 |
15,000 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 10,00,000/- & Above
|
5,000 |
10,000 |
15,000 |
20,000 |
25,000 |
Commercial
Registration Fees: Rs.1,000/-
Stamp Duty
| |
12 Months |
24 Months |
36 Months |
48 Months |
60 Months |
|
Months Where the amount of Average Annual Rent plus
Security Deposit or Money Advance or to be
Advance is Rs.1 to Rs. 2,50,000
|
1,500 |
3,000 |
4,500 |
6,000 |
7,500 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 2,51,000/- to Rs. 5,00,000/-
|
3,000 |
6,000 |
9,000 |
12,000 |
15,000 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 5,01,000/- to Rs. 10,00,000/-
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6,000 |
12,000 |
18,000 |
24,000 |
30,000 |
Where the amount of average Annual Rent plus
Security Deposit or Money Advance or to be
Advanced is Rs. 10,00,000/- & Above
|
10,000 |
20,000 |
30,000 |
40,000 |
50,000 |
Henry Ford once said that "When you hire people who are smarter than you are, it proves you are smarter than they are. The trick is to find the right person."
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