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	Buying a home is an important issue for all of us. For many people, it may be a once in a lifetime decision. With so many builders in the offing, all of who promise the moon, it is very difficult today to make the right choice. Before deciding on a apartment / flat, check if the builder has the following documents: Sale deed / Lease deed / Development Agreement. Power of Attorney from the landowner, if a Development agreement is executed. Layout approval. Approved building plans. Commencement certificate from Municipal Council / Corporation. N.A. permission and latest N.A. tax receipt. Latest 7 / 12 extract. Copy of ULC clearance certificate. Title report for the property under construction. This list is by no means comprehensive, but covers the least documents a good builder must have. Stamp Duty Stamp duty is a levy of the State Government on certain instruments, like immovable property. Currently, the following rates are applicable: Agreement Value (in Rs.) Stamp Duty Upto 1 lac Nil 1 lac to 2.5 lac 0.5% 2.5 lac to 5 lac 3% above 2.5 lac + 1250 5 lac and above 5% above 5 lac + 8750 Additional information: Registration fee is 1% of the agreement value (maximum fee is Rs. 30,000/-). Municipal Taxes are approx. Rs. 5/- per sq.ft. of built up area per annum. Society maintenance charges are normally Rs. 300/- for 1 bedroom, Rs. 400/- for 2 bedroom (Rs. 50/- may be extra for buildings with lift) per month. Housing loan amount is normally 30 to 48 times of monthly net salary (Salary of the spouse can be added). Loans are sanctioned normally for 5 to 20 years. Interest rates normally vary from 7% to 8.5% per annum. The information given above is subject to change. For the latest information, pl. get in touch with us at our corporate office, or e-mail us at info@accessbuildcon.com

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