Costs / Expenses Involved While Buying a Residential or Commercial Property in Mumbai, India

Expenses for Sale Transaction

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.

Expenses for Sale Transaction

Commercial Property
Stamp Duty	5% of the Purchase Value
Registration Fees	Up to Rs. 30,000/-
Society Transfer Fees	0.5% to 2% of Purchase Value (Approximately)

Residential Property
Stamp Duty	5% of the Purchase Value
Registration Fees	Up to Rs. 30,000/-
Society Transfer Fees	1% to 3% of Purchase Value (Approximately)

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