Hi Tejas. The registration charges in Pune for resale flat are 1 percent of the property value. I bought a resale flat in Hinjewadi a few months ago and have all the details regarding the registration charges. When it comes to registration fees, it varies mainly based on the value of the property, with a bar set on Rs. 30 lakhs as the total house value. I will give you more details about this below.
Registration Charges for Resale Flat in Pune
As I said above, the calculation is based on the value of your property. Here, the charges are 1 percent of the house value below Rs. 30 lakhs. Once the value exceeds Rs. 30 lakhs, there is a cap of Rs. 30,000 as the registration charges. This means that no matter the house value, the registration charges would be fixed at Rs. 30,000.
Here is an example to help you understand better:
For value exceeding Rs. 30 lakhs in total-
Property Value: Rs. 55 lakhs
Registration Fee: Rs. 30,0000
For value below Rs. 30 lakhs-
Property Value: Rs. 26 lakhs
Registration Fee: Rs. 26,000 (1 percent of Rs. 26 lakhs)
I believe this will give you a good idea about the registration fee for resale flat in Pune. Have a good day.
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Some related information:
What Next After Flat Registration?
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Hey there, I can share the registration charges in Pune for resale flat with you. I purchased a resale flat in Wakad last month. So, let me share all the details related below.
What are the Resale Flat Registration Charges in Pune?
As per Section 3 of the Indian Stamp Act, 1989, it is compulsory to pay stamp duty and registration charges on every property transaction. When it comes to Pune, the registration charge is one percent on resale property. Also, I would like to tell you the stamp duty charge for resale property in Pune is 5 percent. The stamp duty is different for males and females for both resale and new properties when we talk about the state of Maharashtra.
How to Calculate Registration and Stamp Duty Charges in Pune?
Let me help you understand this with an example. Suppose the property you purchase is valued at Rs. 60 lakhs. Now, the breakdown will be something like this:
The Stamp Duty at 5% will be INR 300000
The Registration Charges will be INR 30000 (fixed for property value above Rs. 30 lakhs)
The Local Body Tax (LBT) at 1% will be INR 60000
The Metro Cess (announced in April 2022) at 1% will be INR 60000
So, the total stamp duty and registration charges in Pune for this property will be Rs. 4,80,000.
This is all I am aware of regarding the resale property registration charges in Pune. I hope you find this information useful!
Get Your Property Document Verification Done for Your Resale Property Via NoBroker Legal Services! Some related information:Is the Home Loan Including Registration Charges or Not?
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Authors Of The Question
What is the Registration Charges in Pune for Resale Flat?
Tejas
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8 months
2024-06-30T22:15:42+00:00 2024-10-04T16:11:49+00:00Comment
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