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 |
