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Document Type: | General |
Primary Author: | National Housing Bank |
Edited By: | Arsalan Hasan |
Published By: | National Housing Bank |
Purchase of house in India involves various costs which in the aggregate may be referred to as acquisition costs, broadly classified under the following sub divisions. Capital Costs refers to the cost of the house including land and construction cost of on-site and off-site infrastructure, parking space costs and basic interiors costs without which the house is not ready for occupation. Transection cost which include the charges payable towards stamp duty and registration documents preparation brokerage charges transfer and mutation charges etc. Financing charges in case the property has been financed which would include the pre EMI interest, loans interest, administrative and processing charges, legal and valuation fee insurance charges etc.