Finance · 7 min read
The True Cost of Buying a Home in Punjab
The sale price is roughly ninety percent of what you will actually pay. Here is the rest of the stack, itemised, so nothing surprises you at registry.
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Statutory Charges
Stamp duty and registration are levied on the higher of the transaction value or the collector rate, and Punjab offers a concession where the property is registered in a woman's name.Update Soon. These are payable in full at registry, in cash terms, and are not financeable.
GST On Under-Construction Property
Property purchased before completion attracts GST; a completed property with an occupancy certificate does not. This single fact often decides whether buying at launch or at possession is cheaper overall, and it should be modelled rather than assumed.Update Soon.
Developer-Levied Charges
Beyond the base rate, expect preferential location charges for park-facing or higher-floor units, covered car parking charged per bay, a one-time club membership, power backup capacity charges, and the interest-free maintenance security that funds the estate's reserve. Ask for a written cost sheet that lists each of these, not a single all-in number.
- Preferential location charges — Update Soon
- Covered parking — Update Soon
- Club membership — Update Soon
- Power backup — Update Soon
- Interest-free maintenance security — Update Soon
Ongoing Costs After Handover
Monthly maintenance, property tax, home insurance and a sinking fund contribution continue for as long as you own. In a mixed-use estate, retail and office components contribute to the common-area budget, which is one of the few structural reasons a large campus can hold its condition better than a small standalone tower.
