What are the costs to buy a house?

When purchasing a house or apartment, there are several primary costs to factor in beyond the base property price:

• Base Agreement Value: The agreed price between the buyer and the seller/developer.
• Stamp Duty & Registration: State government charges, typically ranging from 5% to 7% of property value.
• GST (Goods and Services Tax): Applicable on under-construction properties (typically 1% for affordable and 5% for standard housing). Ready-to-move properties with OC are exempt.
• Home Loan Processing Fees: If financing through a bank, lender charges typically range from 0.25% to 1% of the loan amount.
• Maintenance & Society Charges: Initial advance maintenance and sinking fund deposits.