Buying a home is a dream for many of us. Owning a home can signify different things to different people. But we can all agree that it is probably one of the biggest investments we will make in our lives, especially if you are planning to buy property in Jaipur. You may have been saving for this and planned for your entire life. Here are these 4 things keep in mind while buying a flat in Jaipur. Buy 3 bhk flats in jagatpura jaipur to make your child grow in lap propinquity to nature.
Now, when most of us are considering buying a house or flat, we think about the cost of a house or flat, the cost of building a house in the flat and may even the cost of furnishing it. But once you get down to actually buy flats and register it in your name, you will be surprised to find an additional fee that puts you on top of your budget. It is always better to be aware of these costs so that you can be prepared for them. So keep these four things in mind while buying flats in Jaipur:
Registration Fee and Stamp Duty:
You liked the house or flat and you decide to buy it. To really be the owner of the flat, you have to register a name, and to do this you need to pay a registration fee to the state government. Stamp duty in Jaipur and in Maharashtra is 5% of the value of the flat. The registration fee is about 1% of the stamp duty. So after you pay both stamp duty and registration fee, you can get the flat registered in your name.
Goods and Services Tax (GST):
It is a tax levied by the central government. Previous prospective home buyers have to pay VAT and service tax, and now both of these have been incorporated into the GST. GST will be charged only for properties that are under construction. The effective rate you have to pay is 12% and this will make you a full input tax credit. If you are considering buying a finished flat in Jaipur for sale, then if the builder has a Certificate of Completion, you need not pay this tax. However, if you buy a flat or house that is still under construction, then this 12% GST will be charged?
Maintenance and parking fee:
Nowadays, everyone lives in the community. Only the very wealthy could afford an independent house in Jaipur. If you can afford a house that is independent and not live in the community, then you need to pay the maintenance costs. However, if you buy a flat in the society, then you need to pay the cost of care to the community. This amount will normally be used to keep the public in a public space such as parks, swimming pools, clubhouse, gym, etc public utilities such as water and electricity are also sometimes discussed in this deposit. If society is brand new, you will pay this amount to the builder. On the other hand, if it is an existing community, you will pay the members of the public.
One thing to remember is that the parking spaces are generally not included in the cost of the house. You are required to purchase a parking space and the price will depend on the size of the parking you need, location, and whether it is covered or discovered.
Preferential Location Charges (PLC)
Jaipur is beautiful despite the bustling city. You may have dreamed of having a beautiful flat. But be aware that this can be added a few additional costs. There is a particular flat in the same building that will require PLC. It may be a flat with a view or a flat above a certain floor or a flat with some other specific aspects. Although there are plenty of flats in Jaipur for sale, they are definitely not the same and you can choose to pay a little extra to get what you want.
Keep the cost of the above in mind when you set a budget for your dream home and you will not be surprised by the allegations last minute.