Hey,
If you are thinking about the value of your house in Kolkata. Let me help you out.
The property value and the square feet rate will depend on various factors. Read about 2 of the factors and GST rate below.
GST rate :
According to the rules set in the Schedule II of CGST Act, 2017. GST will be levied on supply of service this includes property. The
GST to be paid on housing is mandated by the Government. On residential property flat owners are liable to pay 12% GST.
Click here to read How To Calculate GST On Under Construction Flat?
Flat value depends on many factors Read about them below :
1. Location
The square food value of the flat and the total value of the same will depend on the location of the property. The square foot rate will differ in rural area and urban areas. Properties in urban area generally tend to be more expensive.
2. Age
The age of the property i.e. how old is the property will impact the rate of sq ft etc. Since, the property you plan to book will be new. The property value will be higher in comparison.
You can check out the NoBroker portal to see flats on sale or flats on rent in Kolkata. It might give you an idea about price range of houses in Kolkata.
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I an going to book a flat in an under instruction property in Kolkata. Size carpet area 650sqft Amt 77lakhs. But they are charging GST at 12 percent.
Amit Kundu
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3 Year
2021-12-27T10:16:50+00:00 2021-12-31T10:36:46+00:00Comment
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