| | DECEMBER 20259CHRONICLESHOMESCHRONICLESHOMES"Stamp duty and registration often add up to 6­8 percent of the purchase price. For a flat costing 50 lakh, that's an additional 3­4 lakh to budget for upfront." -- Puravankara Real EstateService Providers:· Maharashtra Government Electronic Bond System ­ Online e-stamp certificate and payment· Legal Dev ­ Online property registration and stamp duty assistanceGST (Goods & Services Tax)Under-construction apartments attract GST: 5 percent for regular residential properties, 1 percent for affordable housing. Ready-to-move-in apartments are exempt."For under-construction flats, a 5 percent GST applies. Affordable housing projects can attract a lower 1 percent GST rate. Ready-to-move-in flats, however, are exempt from GST." -- Puravankara Real EstateService Providers:· Legal Prime (Chennai) ­ Guidance on GST compliance for property purchases· KHA Advocates ­ Legal services including GST consultation for property buyers Maintenance & Society ChargesMaintenance charges cover common area upkeep, security, water, electricity, and housekeeping. Charges range from 1,500 to 5,000 per month for smaller apartments and higher for luxury units."Maintenance charges can vary from 1,500 to 5,000 per month for smaller apartments and escalate for luxury properties." -- Puravankara Real Estate BlogService Providers:· Esahayak ­ Helps with drafting agreements and understanding society maintenance obligationsParking ChargesParking may not be included with the flat and can cost 2­10 lakh depending on the location."Parking doesn't always come free with your flat. Builders often charge a separate fee for basement parking, covered/open parking slots, or extra parking spaces." -- Address AdvisorsService Providers:· Proplex (Bangalore) ­ Assists in verifying parking allocations and associated fees
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