How much money is required to buy a flat in Pune?
44 lakhs. To purchase a flat that’s worth Rs. 40 lakhs, you would need an additional 7 – 10\% towards registration and stamp duty (my knowledge isn’t up-to-date on this, but should be within Rs. 4 lakhs).
How much money is required to buy a flat?
20,00,000.00 as down payment ready. If you calculate the extra expenses like registration fees, loan application fees, furniture and interior designing costs, you will actually need to have close to Rs. 40 lakhs saved up before you can buy a house for Rs.
What is the current stamp duty in Pune?
Current Stamp Duty And Registration Charges In Pune
| Gender | Stamp Duty Rate |
|---|---|
| Female | 6\% |
| Male | 6\% |
| Male & Female As Joint Owners | 6\% |
How much salary do I need to buy a house?
The rule of thumb is you can afford a mortgage where your monthly housing costs are no more than 32\% of your gross household income, and where your total debt load (including housing costs) is no more than 40\% of your gross houshold income. This rule is based on your debt service ratios.
How much are Indian homebuyers sinking into down-payments?
An ET Wealth survey found that one out of every three Indian homebuyer is sinking in more than 50\% of his total savings into the down-payment itself.
What is the EMI of a Rs 50 lakh home loan?
Your EMIs will come to Rs 65,087, eating up Rs 81.2 lakh in interest payments over the lifetime of the loan. But if you opt for a smaller home instead, taking a housing loan of Rs 50 lakh housing loan to finance it, you will pay an EMI of Rs 43,391 per month, shelling out Rs 54.14 lakh in interest over the next 20 years.
How much does it cost to buy a house in India?
This may seem like a small amount but sums up to a lot. Let’s say, for example, the base cost of the house is 3.75 crore rupees. In this case, the stamp duty will come up to 18 lakh rupees and the registration charges will be 3.75 lakh rupees. So stamp duty and registration charges together will cost you around 20-21 lakh rupees.
How much does it cost to maintain a house in India?
Second, upscale housing complexes that offer luxuries like a clubhouse, garden area and tennis court can demand Rs 8,000-10,000 as society maintenance charges. Third, a bigger home means you will end up spending more on the upkeep of the house, as utility bills and the cost of repairs will be higher.