Dear friends
I discussed with an advocate in Ghaziabad, who deals in registry, about registry charges /stamp duty. There are two/three circle rates in Ghaziabad. Rs 20,000/24,000/40,000-/sq mtr ……. But rate applicable to Mahagunpuram is Rs 20,000/sq mtr. Moreover in multistory building it varies from floor to floor. As for gd floor 20% discount, 1st & 2nd floor 30% discount and above that 50% discount in circle rate. Construction cost is Rs 9,500/- sq mtr for covered area/ built up area.
As per above details the cost of a flats of 1300 sq ft at 5th floor will be calculated as under
1300sq ft = 121 sq mtr (appx) super area
1070 sq ft = 100 sq mtr (appx) built up area
Cost of flats (1300 sq ft)
121* 10000 = 1210,000/-
100 * 9500 = 950,000/-
Car parking = 150,000/- covered
Total cost = 2310,000/-
Stamp duty is 6% for female, 7% for male and 6.5% for joint.
Stamp duty 2310,000 * 0.07 = Rs 161,700/-
Registry charges = Rs 10,200/-
IMPORTANT
1. Nothing else should be included in this cost when we calculate based on circle rate. However EDC may/may not be included when cost calculated on cost paid to builder.
2. Stamp duty will be paid in registry office by purchase of stamp paper from treasury of equal amount. It should not be paid to the builder.
3. Registry will take place in registry office.
4. GDA has nothing to do with this registry or stamp duty business.
There may be little bit difference in calculation if circle rates vary. I request you all friends someone should also verify from registry office or any property dealer/advocate who deals in it to be doubly sure before raising the point with builder.
Friends presently I am at Pathankot otherwise I would have come for meeting on 22 Sep.
Interested person may contact to Mr R K Gaur at 09311506463.
with due regards
Narendra Singh
Siddhi- 519
I discussed with an advocate in Ghaziabad, who deals in registry, about registry charges /stamp duty. There are two/three circle rates in Ghaziabad. Rs 20,000/24,000/40,000-/sq mtr ……. But rate applicable to Mahagunpuram is Rs 20,000/sq mtr. Moreover in multistory building it varies from floor to floor. As for gd floor 20% discount, 1st & 2nd floor 30% discount and above that 50% discount in circle rate. Construction cost is Rs 9,500/- sq mtr for covered area/ built up area.
As per above details the cost of a flats of 1300 sq ft at 5th floor will be calculated as under
1300sq ft = 121 sq mtr (appx) super area
1070 sq ft = 100 sq mtr (appx) built up area
Cost of flats (1300 sq ft)
121* 10000 = 1210,000/-
100 * 9500 = 950,000/-
Car parking = 150,000/- covered
Total cost = 2310,000/-
Stamp duty is 6% for female, 7% for male and 6.5% for joint.
Stamp duty 2310,000 * 0.07 = Rs 161,700/-
Registry charges = Rs 10,200/-
IMPORTANT
1. Nothing else should be included in this cost when we calculate based on circle rate. However EDC may/may not be included when cost calculated on cost paid to builder.
2. Stamp duty will be paid in registry office by purchase of stamp paper from treasury of equal amount. It should not be paid to the builder.
3. Registry will take place in registry office.
4. GDA has nothing to do with this registry or stamp duty business.
There may be little bit difference in calculation if circle rates vary. I request you all friends someone should also verify from registry office or any property dealer/advocate who deals in it to be doubly sure before raising the point with builder.
Friends presently I am at Pathankot otherwise I would have come for meeting on 22 Sep.
Interested person may contact to Mr R K Gaur at 09311506463.
with due regards
Narendra Singh
Siddhi- 519
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