What is the stamp duty for HDB resale flat?

For HDB flats purchased on and after 11 Mar 2017:

What is stamp duty for resale flat in Maharashtra?

Stamp Duty and Registration Charges in Maharashtra For properties below Rs 30 lakh - 1% of the property value. For properties above Rs 30 lakh - Rs 30,000. For properties below Rs 30 lakh - 1% of the property value. For properties above Rs 30 lakh - Rs 30,000.

Do we need to pay GST for resale flat?

According to the new GST tax structure, residential projects which have received a completion certificate, or ready to move in properties cannot be classified as a service. Hence there is no GST rate applicable in these cases. Therefore, in the case of resale of such properties, there will be no GST levied.01-Sept-2017

How much is the stamp duty in Telangana?

Ready Reckoner (Stamp,TD,RF)

How much is the legal and stamp fee for resale HDB?

If your HDB flat is 1 or 2 rooms, the buyer and seller pay the resale application fee of $40. If the flat is a 3 room or bigger, the buyer and seller pay $80.11-Feb-2022

How is HDB stamp fee calculated?

How to calculate stamp duty? First, determine your nationality and the total sum you will be paying for your property. If you are a Singaporean, you pay 1% for the first $180,000, 2% for the next $180,000, 3% for the next $640,000, and 4% for the remaining amount.

What are the stamp duty rates 2022?

How to calculate the new stamp duty rate

Property purchase price: £850,000.
There is no stamp duty Tax applied to the first £125,000.
2% above £125,000.
5% above £250,000.
That equates to an overall rate of 3.8% of the sale price, or £32,500.

What is the current stamp duty rate in Maharashtra?

How much reduction was made in Stamp Duty in Maharashtra recently?

Is stamp duty payable on resale flat in Mumbai?

Stamp duty for a resale flat in Mumbai If you buy a house in Mumbai that will be ready for possession in two years, you will pay2% stamp duty and 1% registration tax. If you purchase a home from a resale market, the fees remain the same.

Who pays GST builder or buyer?

Home buyers in India have to pay a Goods and Services Tax (GST) on the purchase of under-construction properties like flats, apartments and bungalows, at the rate of 1% for affordable housing and 5% for non-affordable housing. In real estate, the GST is also applicable on purchase of developable plots.02-Aug-2022

Who pays GST buyer or seller?

Who should pay GST, the buyer of the seller? Who should pay GST, the buyer of the seller? Goods and Service Tax (GST) is paid by the consumers for the products or services. But the GST will be remitted to the government by the businesses who are providing you with those products and services.27-Apr-2020

Who should pay TDS on property?

TDS has to be deducted by the buyer on the entire amount that is paid or credited to the seller when the amount exceeds Rs 50 lakh. For example, if a property is bought for Rs 70 lakh then TDS has to be deducted on the entire amount–that is Rs 70 lakh, not on just the Rs 20 lakh that exceeds the Rs 50 lakh threshold.18-Jul-2022

What is the registration fee for resale flat in Hyderabad?

0.5%

What is the flat registration charges in Telangana?

Stamp Duty in Telangana 2022

How is flat registration charges calculated in Hyderabad?

Ans. The government of Telangana has fixed the stamp duty charges at 4% of the current market value of the property. Along with that, the new buyer will have to pay 0.5% of the property's value as the registration fee and 1.5% of the property's value as transfer duty.24-Dec-2021

Why is resale flat more expensive?

Generally, a resale flat is more expensive because home properties appreciate over time. So, before you make that decision, you should get your budget, money and savings ready.24-May-2022

Are resale flats more expensive?

In most cases, the resale flats are less than $100,000 more expensive than the BTOs in the same location. For mature estates, however, the gap may be slightly more (as seen in the above example). The gap between the prices of resale flats and BTOs seems to be closing up.

How are resale flat prices calculated?

You can check the resale value of flats or old flats by applying the following formula: Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc.19-Apr-2021

How much is stamp duty in Singapore for HDB?

How Much Buyer's Stamp Duty Do I Need to Pay?

Can I use CPF to pay stamp duty?

Can I use my CPF savings to pay stamp duty, survey and other related fees when I buy a property? CPF savings can be used to pay the stamp duty and survey fees. However, monthly service and conservancy charges, and other charges related to the use of the property, including taxes, cannot be paid with your CPF savings.17-Jan-2022