NARAINS CORP - Related Information - General Information related to Commercial and Residential Properties, Real Estate in Mumbai / Bombay, India

Commission Brokerage

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Commission Brokerage

It is our endeavor to bring before you, accurate details on incidental expenditure you will incur on property transactions. We hope this will serve to give you a true indicator of the different issues involved in such deals and help you make an optimal choice.

On purchase of property the Government has imposed stamp duty charges. Additional to that, in a registered society, transfer charges are applicable, approximate figures are mentioned below. Commmission / Brokerage

Commission / Brokerage Charges for all types of Properties
 Ownership  Brokerage Equivalent to 2% of the Purchase / Sale Value
 Rental (For 24 / 36 Months)  Brokerage Equivalent to Two Months Gross Rent
 Rental (For 12 Months)  Brokerage Equivalent to One Month Gross Rent
 For Lessees / Landlords  Brokerage Equivalent to Two Months Gross Rent
 Brokerage on renewal post first agreement term  For licensee / tenants brokerage ( Beyond 36 months ) Equivalent  to One Month Gross Rent

 For licensor / landlord brokerage ( Beyond 36 months ) Equivalent  to One Month Gross Rent
@18 % GST is applicable on all the above

 

 We hope this will clarify any queries. In case you wish to enquire further, please feel free to contact us