Buying a house for investment? Well, be sure you purchase it in your spouse’s or child’s title if you’d like to conserve money, as some continuing states offer relief by means of reduced stamp responsibility prices for females buyers.
Uttar Pradesh, Delhi, Punjab and Haryana provide an exemption to females purchasers from the taxes paid in to the continuing state whenever you purchase a residential property and obtain it transported inside their title. If you purchase an appartment for Rs 1 crore in Delhi, the stamp responsibility for a male customer would be Rs 7 lakh. This is because in Delhi a woman needs to pay a stamp duty of 5 percent compared with 7 percent for men and 6 percent for a married couple, Mudassir Zaidi, regional director at KnightFrank told Firstpost for a married couple it would be Rs 6 lakh and for a woman buyer it would be Rs 5 lakh.
Purchasing a house for investment? Well, make certain it is bought by you in your lady’s or child’s title if you wish to save yourself mone