Realtech Nirman is always committed to customers & their highest benefits. So, this 15th August we have a special Independence day special offer for our consumers. We have a very special gift for you. On the occasion of our Independence day special offer, we are offering you an exciting chance to get rid of the registration fees. Avail this offer & get your dream flat at a more affordable price. Now you must be thinking that how can the registration fees affect your budget for getting the dream home. Today let’s talk about the impact of the registration fees.
1. Independence Day offer: What is the registration fee?
When you are buying a property, it is important to register it in your name officially. This government registration helps you to get ownership of the property. Please note that until the registration you are not officially the owner of the property.
To register the property officially, the government charges you an amount and this amount is called the registration fee. The amount depends on the price of the property.
In the previous time, there was a rebate for the women on the registration fee. However, it is not valid now. Now the government has an equal registration fee for both genders. It is important to mention that the registration fee depends on the market value of the property. It means if you buy a property worth rupees 25 lakhs and another individual buys a property worth rupees 1 crore, the registration fee will be different for both of you. As the market value of the property worth rupees 1 crore is much higher, buyers have to pay a higher amount of registration fee as well. As it is all about shifting the ownership from the builder to the buyer, the registration fee must be paid by the buyer. In a nutshell, it is an unavoidable expense during buying a property. So, please pay attention to the budget & the kind of property you want when you are choosing your dream home.
2. What is the registration fee in West Bengal?
In India, there are different registration fees in different states. The lowest registration fee is in Himachal Pradesh.
In West Bengal, you have to pay 1% of the total cost of the property as a registration charge. However, it is important to mention that if you are buying a property in the Kolkata metropolitan area then you have to pay higher registration charges than the rural areas.
If you buy a property in the registered Kolkata metropolitan area then you have to pay 6% of the property valuation. However, as I have mentioned above, the registration fee increases or decreases with the property valuation. In the registered Kolkata metropolitan area you have to pay a 6% registration fee if the cost of the property is less than Rs. 25 lakh. It becomes 7% if the value of the property gets above 40 lakhs. For example, If you buy a property in Newtown, Rajarhat area as Realtech Nirman has various luxurious projects such as Rajmahal, Rajvansh etc there, you will be able to get a property in 25 lakhs & then you have to pay only 6% as registration fee.
Final words: To reduce the financial pressure on the buyers, Realtech Nirman is offering you 0 registration fee on properties, however, please note that this is a limited-period offer only. Get your hands on your dream property now.
