People budget for the price on the brochure and get a shock at registration. This is roughly what we paid on top, for an under-construction flat bought last year:
| Item | Roughly |
|---|---|
| GST on an under-construction flat | 5% of the agreement value |
| Stamp duty, transfer duty, registration | about 7.5% in total when we registered |
| Car parking | often separate, ask early |
| Club house, corpus fund, maintenance deposit | 2 to 4 lakh in our case |
| Legal fees, loan processing | 30,000 to 60,000 |
| Interiors | 10 to 20 lakh for a 3 BHK |
A ready-to-move flat with an occupancy certificate has no GST. Check the current registration rates on the IGRS website before you budget.
