Costs & tax · 4 min read
The costs beyond the price: GST, stamp duty and registration
The headline price of a project is rarely the full cost. Budget for the items below before you commit.
Typical extras
- GST on an under-construction home. Residential rates are lower than the general rate and a lower rate applies to the affordable segment. Ready homes with an occupancy certificate generally do not attract GST on the sale.
- Stamp duty, which is set by each state and often differs by city, buyer category and property value.
- Registration charges, usually a smaller percentage with a cap in some states.
- Parking, club membership, maintenance deposit and utility connection charges, which vary by project.
- Legal and loan processing fees if you take finance.
What to ask the developer
Ask for a written cost sheet that lists the base price, the other charges, the taxes and the payment schedule. Compare it with the figures on the RERA registration and the agreement for sale. The prices on our site are indicative starting prices from the developer and exclude stamp duty, registration and GST. The exact price sheet is shared in a private walkthrough.
Rates and rules change. Confirm the current position with the developer and a chartered accountant.
Want a private walkthrough?
Compare RERA-registered projects with the exact price sheet and floor plans, on a video call at a time that suits your time zone.