High end Premium Properties in Hyderabad

Hyderabad is the largest city of the state of Andhra Pradesh, which is one of the hottest property destinations in South India. If you are one of the people investing inproperties in Hyderabad, there is something for you to consider its registration. To have a legal ownership of any property, it is very essential to get it registered. Furthermore, to get a property registered, there are several charges which have to be paid.

These charges include:

• o   Stamp duty
• o   Transfer duty
• o   The registration fee

These charges are different in different states.

Property Registration Fee in Hyderabad:

Registration fee is the amount charged for keeping a record of the transactions concerning property. In most states of India, this fee is 1% of the property value. However, in Andhra Pradesh, the registration fee is 0.5% of the property value. It means that if you purchase a property worth Rs. 20, 00,000, you will have to pay Rs. 10, 000 as the registration fee.

The Stamp Duty in Hyderabad:

Stamp duty is a tax which is levied on all the legal documents by the government. Stamp duty will be paid as 4% of the property value, in Hyderabad.  This rate of 4% became applicable from April 1, 2013 onwards. Previously, this rate was 5%.

The Transfer Charges in Hyderabad:

The transfer duty levied in Hyderabad is 1.5% of the property value. This rate became applicable from April 1, 2013. Prior to April 1, 2013, the rate of transfer duty was 2% in Hyderabad, and 3% in the rural parts of Andhra Pradesh.

• o   Registration fee is 0.5%
• o   Stamp duty is 4%
• o   Transfer duty is 3%

The net overall registration fee will amount to 6% of the market value of the property.