Estimate municipal property tax based on annual value and rates.
As assessed by your municipal corporation
% of Tax Amount
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Stamp duty rates vary by state (3-7% of property value). Women buyers often get 1-2% concession. Registration charges are typically 1% extra. Total transaction cost ranges from 4-9% depending on location.
Buy if you plan to stay 5+ years, have down payment (20%), and home loan EMI < 40% of income. Rent if career is unstable, you prioritize liquidity, or want to invest surplus in higher-return assets.
Property tax is based on Annual Rental Value (ARV) determined by municipal authorities. Rates vary: 0.05-0.20% of ARV in metros. Self-occupied properties often get lower rates or exemptions up to certain limits.
Beyond down payment: stamp duty (4-7%), registration (1%), legal fees (0.5%), brokerage (1-2%), GST on under-construction (~5%), interior work (₹500-2000/sqft), and maintenance (₹2-5/sqft monthly).