You must have read advertisements in
newspapers as well as seen them on the T.V with some interesting and attractive
offers that the builders offer. Definitely these are not same to what you pay. In
the rarest of the rare case you must have paid the exact cost that you see in
the advertisements. These increased costs are nothing but the hidden charges
that is included in your actual cost of the Property in Noida, in fact, nationally. These hidden costs includes
service tax, registration cost, duty fees, and maintenance cost, parking and
brokerage fees. Of course these affect you budget drastically. Thus, here we
bring a list of the hidden cost that can be included in your budget.
·
Registration Fees
and Stamp Duty
The state
government charges the registration fees as well as the stamp duty to the
buyers while they are buying a property. The registration charges are levied
for transferring the ownership whereas the stamp duty must be paid to get the
registration of the name done. However, these charges are different in every
state and thus one should increase the cost mention in the advertisements.
·
Maintenance
Charges
These are
basically the charges for maintaining the surrounding as well as the other
amenities like lighting and parks. However, there is no guarantee for the
damages that occur in the future. This price definitely varies from one
project, builder and society to another.
·
Brokerage
Brokerage
cost is not always included in your final cost. It depends from whom you have
bought your property from. If it’s a third party that you are buying your home
from, then you have to pay these charges as well. However these are only 2-5%.
Advisably, buy a home directly from the builder as this would cut-down the
brokerage charges.
·
VAT, interiors
and parking
VAT charges
are something you cannot ignore paying, you have to pay it. Interiors are the most
important factors for your homes and you definitely don’t want to mess-up with
them. However, you can ignore taking the car parking but you might regret it
later, as the place gets occupied you will find an empty space to park your
vehicles.
Thus,
whether you like it or not, whether you find it to be apt for yourself, you
have to pay these hidden charges. So, before investing in property in Noida, Delhi or elsewhere, make sure you
add these cost well in advance to save yourself from the sudden surprise of
extra charges.
