Unforeseen Charges in Buying a Property

  1. PLC (PREFERENTIAL LOCATION CHARGES) – It is applicable between 150-
    200 per square foot.
  2. PARKING CHARGES – It is 5%-7% of the base price.
  3. INFRASTRUCTURE DEVELOPMENT CHARGES (IDC) – It is 6%
  4. EXTERNAL DEVELOPMENT CHARGES (EDC) – It is 5%
  5. CORPUS FUND/ IFMS – It is anywhere between Rs 50,000
  6. POWER BACK-UP – It is between 1 lakh to 1.5 lakhs.
  7. AMENITIES AND CLUB CHARGE – It is around Rs. 50,000 to Rs.1.5 lakhs.
  8. STAMP DUTY AND REGISTRATION CHARGES – They are 5-10% of the
    property’s value.
  9. GST – The effective GST rate is 12%.
  10. BROKERAGE – Brokers charge a 1-2% fee on the property’s final value.

Assuming the basic price of a property is Rs. 45 lakhs, the final payment would be
around. 58 to 67.5 lakhs which include the extra charges.

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