Hello sir,
I recently booked a flat of cost 40L (under construction) in chennai , the Promoter gave brouchers and specification, in that they mentioned Registration, stamp duty , ST and VAT @ extra cost. i enquired my circle these Regst & stamp duty is about 10% . but about ST and VAT people are telling different opinions.. Please Let me know the details of registration , stamp duty, ST and VAT? what are the percentages and based on? and also My seller told that they will register the Land (UDS) first then Construction agreement. Which value is to be considered for ST and VAT ? is Total value of flat (Land + const) or only Construction cost?
Pl give me suggestions as per Law.
Thanks in advance.
