This report details out various legal charges levied by the Govt. of India on residential property purchase across all major cities of India.

1. Buying under-construction property?
Here is a guide for statutory costs and market norms in different cities.
Statutory Cost
SERVICE TAX
12.36% on 25% of the total purchase price if the property
cost less than 1 crore.
12.36% on 30% of the total purchase price if the property
cost more than 1 crore or having an area above 2,000 Sq.ft.
Approximately 1 to 2% of the property value> >
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LEGAL ADVISORY COST
Market Norms
The total cost for any property include the base price, car parking charges and other charges which may vary from city to
city. Other charges that may be included are EDC (External Development Charges), IDC (Internal Development Charges),
lease rental, IFMS (Interest Free Maintenance Security), PLC (Preferential Location Charge), CMRC (Club Membership &
Registration Charges), electric substation charges, and KVA backup charges.
Diclamier: This document has been prepared by Colliers International for general information only. Colliers International does not guarantee warrant or represent that the information
contained in this document is correct. Any interested party should undertake their own enquiries as to the accuracy of the information. Colliers International excludes unequivocally all
inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damage arising directly or indirectly there-from.
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For Residential Services, please contact:
Poonam Mahtani
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For Research related queries, please contact:
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Associate Director I email: surabhi.arora@colliers.com
Generally, properties are sold on chargeable area/super area basis. Loading, the difference between built up and carpet area
is usually in the range of 15 to 45% on project to project basis.
One can choose among various payment plans such as down payment, constructions linked plans, flexi plans and
subvention plans.
DESCRIPTION STAMP DUTY REGISTRATION CHARGES VAT (ON AGREEMENT VALUE)
MUMBAI 5%
1% of property value (Up to a maximum
of INR 30,000)
1% (on Agreement Value)
CHENNAI 8%*
1% of property value (Up to a maximum
of INR 30,000)
Nil
BANGALORE 5% - 6%**
1% of property value (Up to a maximum
of INR 30,000)
4 – 5% (on Agreement Value)
DELHI 4% - 6%** 1% of property value Nil
GURGAON 5% - 7%** Up to a maximum of INR 15,500 Nil
NOIDA 5% - 7%** INR 22,000 Nil
KOLKATA 6% - 7%** 1.1% of property value Nil
PUNE 5%
1% of property value (Up to a maximum
of INR 30,000)
1% (on Agreement Value)
*8% on Undivided Share (UDS) of land based on Guidance Value (GV).
**1 - 2% less as rebate, if property registered under women’s name.