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Incidental
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It is our endeavor to bring before you, accurate details on incidental expenditure you will incur on property transactions.
We hope this will serve to give you a true indicator of the different issues involved in such deals and help you make an optimal choice.
On purchase of property the government has imposed stamp duty charges.
Additional to that, in a registered society, transfer charges are applicable, approximate figures are mentioned below.
| Stamp Duty |
5% of the Purchase Value |
| Registration Fees |
Up to Rs. 30,000/- |
| Society transfer fees |
0.5% to 2% of Purchase Value
(Approximately) |
| Stamp Duty |
5% of the Purchase Value |
| Registration Fees |
Up to Rs. 30,000/- |
| Society transfer fees |
1% to 3% of Purchase Value (Approximately) |
Our services would include;
(a) Performing valuation analysis.
(b) Searching for a potential buyer acceptable. / Lessor
(c) Coordinating visits & meetings of potential buyers. / Lessors
(d) Coordinating any due diligence exercise that may be carried out.
(e) Assisting in structuring the transaction.
(f) Assisting you in negotiating the financial aspects of the transaction.
|
| Ownership |
Brokerage Equivalent to 2% of
the Purchase / Sale Value |
| Rental (For 22 / 33 Months) |
Brokerage Equivalent to Two
Months Rent and 2% of the Security Deposit Value. |
| Rental (For 11 Months) |
Brokerage Equivalent to one
Month Rent and 1% of the Security Deposit Value. |
| For Lessees / Landlords |
Brokerage Equivalent to One-Month
Rent and 1% of the Security Deposit Value. |
| Advance Rent Transactions (22
/ 33 Months) |
Brokerage Equivalent to Two
Months Rent. |
| Advance Rent Transactions (11
Months) |
Brokerage Equivalent to One
Month Rent. |
A five percent government service tax is applicable on all the above brokerages.)
We hope this will clarify any queries. In case you wish to enquire further, please feel free to
contact us.
Sites Owned and Promoted by Narains Corp.
www.narains.com | www.mumbailifestylehomes.com | www.officesmumbai.com
www.propertymumbai.com | www.mumbaiproperties.net | www.propertybombay.com
www.mumbaipropertyconsultants.com | www.mumbaipropertydealers.com | www.mumbairealestate.net | www.realestatemumbai.net
