While going to invest in a residential or a commercial project, many first-time buyers are generally unaware of the many taxes & hidden charges, which should not be ignore. Because all these hidden costs & taxes play an important role in making the final cost of the property, and knowing all the costs earlier helps manage the funds. Here we are going to mention 4 important hidden costs that should be consider before buying a property:
Service Tax or GST
If you invest in an under-construction property in India then you have to pay GST. This tax is particularly for the new launch & brand new residential properties, charged on the base of the total cost of the property.
Now you can avoid GST, by purchasing a ready to move in property. And what if there is any residential property in Gurgaon which is GST Free with an exclusive payment plan. Yes, we are talking about DLF The Crest Gurgaon a residential project at Sector 54 on Golf Course Road. Here 2, 3, and 4 BHK Apartments and 4 & 5 BHK Penthouses are available for resale.
Stamp Duty
This charge is claim by the State Government to register the property in the new owner’s name. This charge can differ from state to state and are normal between 5-7% of the basic sale price of the property.
Registration Fee
Registration fee is charge by the court as 1-2% to transfer the property from the builder to the buyers with a final agreement signed by both builder and the buyer.
Maintenance Fee
When we buy a residential apartment especially in a gated community by any builder, we often forget that we are only paying the total cost of the property. After you buy, a fixed monthly or annual fee is also charged as a maintenance fee by the builder. Because maintenance fee is not involved in the cost of the property, most of the buyers generally forget it.
If you are looking for the best residential property from DLF Developer in Gurgaon then DLF Crest Apartments are a perfect choice.
