Purchasing a house for investment? Well, be sure you purchase it in your lady’s or child’s title if you would like spend less, as some states offer relief in the shape of reduced stamp responsibility prices for females purchasers.
Uttar Pradesh, Delhi, Punjab and Haryana offer an exemption to females purchasers regarding the taxes paid in to the continuing local government once you purchase a house to get it moved inside their title. When you purchase an appartment for Rs 1 crore in Delhi, the stamp responsibility for a male buyer would be Rs 7 lakh. This is because in Delhi a woman needs to pay a stamp duty of 5 percent compared with 7 percent for men and 6 percent for a married couple, Mudassir Zaidi, regional director at KnightFrank told Firstpost for a married couple it would be Rs 6 lakh and for a woman buyer it would be Rs 5 lakh.
Purchasing a residential property for investment? Well, make certain it is bought by you in your lady’s or child’s title if you’d like to save yourself mone