- Preferential Location Charges (PLC) – Applicable costs range from 150 to 200 rupees for every square foot of property purchased.
- Parking Charges – This usually constitutes about 5% to 7% of the base price of the property.
- Infrastructure Development Charges (IDC) – The charges for infrastructure development typically amount to 6%.
- External Development Charges (EDC) – This is generally around 5% of the total cost.
- Corpus Fund/IFMS – You can expect to contribute anywhere from Rs 50,000 for this section.
- Power Back-Up – For power backup services, expenses range between 1 lakh to 1.5 lakhs.
- Amenities and Club Charge – Charges for amenities associated with property often lie between Rs. 50,000 to Rs. 1.5 lakhs.
- Stamp Duty and Registration Charges – These typically total between 5% and 10% of the property’s overall value.
- Goods and Services Tax (GST) – The prevailing effective GST rate you should anticipate is 12%.
- Brokerage – Real estate brokers usually charge a fee of 1% to 2% based on the property’s final sale value.
If you consider the base price of a property set at Rs. 45 lakhs, with the additional charges applied, you would find that the final payment could range approximately between 58 lakhs to 67.5 lakhs, reflecting the comprehensive costs involved.