Blogs #property buyers

GST is paid for residential units outside of the affordable housing segment at five percent. The customer has to pay stamp duty and registration charges at the time of registration. While stamp duty ranges from 3-10 percent depending on the state, on property worth over Rs 25 lakh, registration charges work out to 1.1 percent.

Getting a basic understanding of significant property terms will make the process of property buying easier and may save you a lot in the future.