Varun Kumar 10 April 2022

Flat Sale

Hello Experts,

I would like to sale my 3 year old flat in Pune. So, could you please let me know what expenses i have to bear ?
Please guide me .

Thanks and regards
varun

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Quick Summary

If you're looking to sell your flat in Pune, there are several expenses to consider. These typically include dealer commissions if using an agent, stamp duty (often borne by the buyer), and potential miscellaneous fees at the Tehsil office. You might also incur lawyer fees for drafting the sale deed and income tax on capital gains, so consulting a tax advisor is recommended. Finally, factor in mutation fees or similar charges.

2 Replies

Shubham Bhardwaj (Advocate) 10 April 2022

Dear Mr Kumar,

Although the expenses differ from State to State and location to location however these are the general expenses.

1. Dealer Commission, if being sold through agent.

2. Stamp Duty. The parties can agree as to who will bear the stamp duty. generally purchaser bears it.

3. Misc Expense at Tehsil office. This is not formal but is paid by the parties to get the work done quickly at Tehsil offices. Especially when the sale deed is drafted by the people sitting outside tehsil office such as document writers.

4. Lawyer fees, if the sale deed is drafted by a lawyer.

5. Income Tax in case of capital gain. Consult a tax lawyer to save capital gain tax.

6. Mutation fees or other similar fees.

Regards

Shubham Bhardwaj (Advocate)

District & Session Court, Chandigarh

Punjab & Haryana High Court, at Chandigarh

Disclaimer:- Opinion is only for guidance.