Mirror Now
@mirrornow·2.2M subscribers·145K videos
Should I go for under-construction property?- Property Hotline
Posted
December 9, 2016
Views
290
December 9, 2016
290
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
3:49Now PlayingExpert: Ramganesh Iyer, Co- founder of FISDOM.
Question: In 2015, I have booked flat in mortgage apartment (1200 sq. ft.) in Rajahmundry Andhra Pradesh. Flat cost is Rs 30 lakh. At that time apartment was constructed 60%. I am going to home loan so I have only paid 20% of total amount and went to agreement. Now Builder completed 95% of construction in the venture and got NOC from Municipal Corporation. So my apartment is ready for registration. Even my apartment is ready to occupy stage, Builder is providing under construction registration agreement (Sale deed registration and Construction agreement) to save 85000 Rs from Ready to occupy registration cost. What is the advantage if I go for ready to occupy registration vs under construction registration?
Answer: First get the property registered. There is Service Tax for under-construction property. Service tax levied at 15% on 25% of property cost. VAT is also applicable at 1% in A.P. The earlier you register the property that early you get benefits.
Be Un Confused
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
