GST Impact On New Flat Purchases – How Cost Is Shooting Up?
Everyone is wishing the cost of all products and services should come down. But the dream of common citizen is always kept as a dream and it never came real. The campaign towards implementing the GST projected an image that the post regime of GST the price of products and services will fall. It is the prayer of many that …Read More
Revision in Guideline Value – How it affects the Flat Cost? – Burden Increased to the Buyers
The Tamilnadu Government have reduced the Guide Line Value (GLV) of the Land by 33% from the existing value and increased the fee for registration from 1% to 3 %. Though the reduction in GLV will reduce the stamp duty cost, this will however increase the cost of the flat sold by builders as explained in the below mentioned table. …Read More
The Common Mistakes The Property Purchaser Does
It is right to educate everyone those who purchase property either land or house. Instead of conveying what to do while venturing on property it is very correct to point out the general mistakes and over confident approaches which will result in damages to the purchaser. So we have summarised the points one by one:
1. Many people purchase through middle …Read More
Criteria To Check While Buying A House In Chennai
Once you decide to buy a property you would have to look for a number of things, which are, mentioned hereafter.
But the first thing to be decided is the type of property like whether to go for an independent house, semi independent house or an apartment.
Let us see the pros and cons of the above mentioned property types.
Independent house:
Pros:
Changing Taxes vs. Property Buyers
Taxes on flats (property Purchase) – Tamilnadu
The taxation on property purchases (house/flat) has grown its shape and model year after year and presently a purchaser need to pay a sizable amount as government payout while purchasing a house. The following are the models of taxes (central and state) collected on property purchases in Tamilnadu
Agreement registration charges
2% on the value …Read More