Buying a new apartments and flats in Calicut or any other City is a big decision and more budget. But how many of them know the hidden charges we want to pay after original price of the property. Sometimes hidden costs can take the zing out of your happiness. Because it is an unexpected charge, it Create a financial imbalance you’re not prepared. So you should aware about all the Hidden charge we want to pay
Below are the some hidden charges we want to pay.
Registration and post registration charges
Registration is final process of the deal. After registration the property become ours. This is the government registration it have fee. The cost of Registration depend on the total worth of the property you are purchasing. Also have stamp duty which amounts to 5.65 (can be change) percent of the total or registered property value. So it is an unavoidable charge.
Taxes and Parking Charges
The tax amount or hidden charges which does not highlighted in the price list by the Builder or the sales representative. So we need to pay more amount for tax after paying original amount listed in the price tag of Builders. You need to pay parking charges if they are not detailed in the price list about parking charge.
Escalation Charges
Many buyers are not aware about this Cost Buy escalation charge have become a regular feature of most agreements. Often, builders hit the buyers at the last moment like just before registration with escalation charges. So you should also check if this service is free or otherwise we want to pay.
No Objection Certificate Charges
This is unexpected expenses but it is unavoidable. The builder issues a No Objection Certificate before handing over the keys to your house. This is a document that states that the builder has no objection in the buyer occupying the house and that all payments are clear. Sometime without paying charge the buyer ready to issue this NOC.
Maintenance charges
You must pay advance first year maintenance cost Collect by the builders for maintain the project. After some years the Residents Association takes over the maintenance. But some reputed builders are declare offer free maintenance for first year.
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Flats in Calicut | Villas, Apartments in Calicut, Kerala | Ladder Kerala
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Also read Our blogs:
Ladder Mankav Greens | Luxury And Accessibility Under One Roof
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