The actual cost of a home is typically 15% to 25% higher than the base property cost advertised by the builder. Additional costs include:

  • Stamp Duty & Registration Charges: State taxes paid to transfer ownership (usually 4% to 8% of property value).
  • GST: Applicable only on under-construction properties (1% for affordable housing, 5% for premium units). Ready-to-move-in flats with a Completion Certificate are exempt.
  • PLC (Preferential Location Charges): Extra charges for a park-facing view, sea view, corner flat, or specific floors.
  • Maintenance & Parking: One-time advance maintenance fees and dedicated parking space allocation fees.