Hello there. I came across your question where you were asking about the registration cost for resale flat in Chennai and I am here to help you with the same. I purchased a resale flat in Adambakkam last month and I am aware of the registration fee involved.
What are the Resale Apartment Registration Charges in Chennai?
Here are the registration charges involved in resale of flat in Chennai.
Document |
Registration Fee |
Exchange |
4 per cent on the property’s market value with greater value. |
Sale |
4 per cent on the property’s market value. |
Gift |
4 per cent on the property’s market value. |
Simple Mortgage |
1 per cent on the loan amount with the upper limit of Rs. 10,000. |
Mortgage with Possession |
1 per cent on the loan amount with the upper limit of Rs. 20,000. |
Sale Agreement |
1 per cent on the advance money paid (1 percent on the total amount if the possession is given) |
Agreement regarding building construction |
1 percent of the construction value or the consideration stated in the agreement, whichever is greater. |
Cancellation |
Rs. 50 |
General Power of Attorney for the sale of an immovable property (A family member receives the POA) |
Rs. 1000 |
General Power of Attorney (given for consideration) |
1 per cent on consideration or Rs. 10,000, whichever is greater. |
So, this is all about the registration fee for resale flat in Chennai. I hope it helps.
Get Your Property Document Verification Done for your Resale Property Via NoBroker Legal Services! Some related information:What is the BDA site registration fee?
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What is the Registration Cost for Resale Flat in Chennai?
Shilpa
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2024-06-30T21:54:10+00:00 2024-06-30T21:54:11+00:00Comment
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