Thinking of buying a flat?Price of 2 bed Flat say 120sqmt = 50 lacs Cost of Sale Deed/Registrations say 6% = 3 lacs Lawyer and others say 25,000 Total: 53,25,00 If purchased through Estate agents then add 2% i.e. 1,00,000 Total would be 54,25,000 Before buying, you may also take into account the following Charges or fees for outgoing such as Maintenance charges, common area charges, Municipal or Panchayat Taxes, water, electricity etce.g. Let's assume the above flat located in Caranzalem (Panjim) Annual Maintenance Charges Rs. 39,000 ( Other sinking fund Rs.4,000 12.5% Service Tax say Rs. 5000 (new revised Tax rate could be 14%) CCP House Tax Rs. 7,000 Water/Electricity say Rs.12,000 Total outgoing for the flat whether occupied or not would be 67,000Imagine, you paying Rs.6,000 per month on your unoccupied or empty flat Note: 1. If you do not pay within due date then delayed payment may attract interest e.g. Maintenance @ 24%, CCP Tax @ 6% 2. Maintenance charges above may go up every year say by 5000 p.a. 3. Maintenance charges usually higher if project has swimming pool, club house etc as above. issued in public interest thank you CCP Tax bill from archive
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