Hidden Costs of Home Buying: What You Need to Know Before You Sign

Most buyers focus only on the property price, but several extra charges can increase your total cost. Stamp duty and registration can add 5–7%. Under-construction homes attract 1–5% GST, while ready-to-move units have no GST. Banks also charge processing, valuation and legal fees. Builders may take advance deposits for maintenance, clubhouse, electricity and water. Interiors, fittings and shifting add another major expense. Understanding these hidden costs helps you plan your budget better before signing.

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1. +91 8746842086 www.city-prop.com Hidden Costs of Home Buying: What You Need to Know Before You Sign What you must know before you sign the dotted line.
2. +91 8746842086 www.city-prop.com Stamp Duty & Registration Charges These charges can add 5–7% to your total property cost, depending on the state. Always include these in your final budget planning.
3. +91 8746842086 www.city-prop.com GST on Under-Construction Property If you’re buying an under-construction home, GST of 5% or 1% (affordable) applies. Ready-to-move units = no GST.
4. +91 8746842086 www.city-prop.com Home Loan Processing & Legal Fees Banks charge loan processing fees, valuation fees & legal verification charges. These can add up to ₹5,000 – ₹25,000 depending on the bank.
5. +91 8746842086 www.city-prop.com Maintenance, Society & Utility Deposits Builders often take deposits for maintenance, club house, electricity, water, etc. This may add ₹50,000 to several lakhs depending on project facilities.
6. +91 8746842086 www.city-prop.com Interior, Fit-Out & Shift-Ready Costs Budget for interiors, wardrobes, appliances & moving. This forms a major hidden cost for first-time buyers.