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Do I need to pay registration and stamp duty for resale flats in Pune?
05-Dec-2023 (In Property Law)
I got the possession of my flat (located in Pune) before 6 months and going to resale it because of some reason. Now I want to clear following points
1. What is stamp duty in pune for resale flat below 1 or 3-year-old property? Do I need to pay complete 6% stamp duty again or need to pay only differences amount during resale?
2. What components I need to consider during calculation of total inclusive price like property tax, society transfer fees, Registration fees and other?
3. What is Investor Clause?
Dear sir, for resale , you may require to pay stamp duty 5 % , lbt 1 % and metro cess 1% , in addition to that you have to pay registration fee of 1% upto rs 30000.
upto 5 year u r not entitled to depreciation. if consideration of flat is more than market value then you have to pay stamp on whichever is maximum.
thanks and regarde
upto 5 year u r not entitled to depreciation. if consideration of flat is more than market value then you have to pay stamp on whichever is maximum.
thanks and regarde
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Adv. Ganesh Arjun Ranadive
Pune | 100+ Answers
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What is the tax on resale flat in Mumbai?
Stamp duty for under-construction and resaleable properties in urban areas will be 5% of the market value starting 1st April, 2021. Registration fees are Rs 30,000 for properties worth more than Rs 30 lakh, and Rs 1% if they are less.
What is the registration charges for resale flat in Bangalore?
Stamp duty typically ranges between 3% to 5% of market value. The registration fees are between 1% to 3% of the market value. In Bangalore, stamp duty is 2% for properties under 20 lakh. 28 Nov 2023
What is the stamp duty in Pune for resale flat 2023?
Pune's current registration and stamp duty charges are unchanged until 2023. The stamp duty rate for male property owners is 7%, including the Metro cess of 1 percent. Registration fees are 1%. Females pay a lower stamp duty of 6%, including Metro cess (1%). The registration fee is also 1%. 8 Jun 2023
Is there no stamp duty on resale flat in Maharashtra?
What is the Stamp Duty in Maharashtra?
The Maharashtra stamp duty was reinstated in April 2022. According to the Maharashtra governments March 2022 bill, buyers of resale property will be eligible for a one-to-three year waiver on the stamp duty Maharashtra. 5 days ago
The buyer will also have to pay 20% of the total purchase price in addition to the registration fee (usually 1% or 2% of the value of the transaction) and stamp duty. Yes, stamp duty is also payable on resale apartments.
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Adv. Chikirsha Mohanty
Delhi | 200+ AnswersCONTACT NOW
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