The City of Joy has numerous residential localities, but South Kolkata offers the finest living experience. Thus, here several reputed developers introduce gated communities with lavish 5 BHK projects.
Here are the reasons to invest in best 5BHK Projects in Kolkata
Legacy Building
The budget-friendly property prices here lure residents to invest in luxury homes. Unlike other tier-I cities, investment in the top 5 BHK projects in Kolkata is easy. Complimenting budget-friendly real estate prices is the sturdy infrastructure. Hence, capital value appreciation is on the cards for present investors.
Both, the property investment and increasing property value, together will create a perfect legacy for generations.
Tax Holiday
An investment in the property market brings tax rebate options along. The availability of tax deduction provision under Section 80C leads to tax concession. Also, there are more rebates available for women property buyers.
Passive Income
The availability of 5 BHK projects in Kolkata does count on timely regular income. With demand for residential accommodation soaring high, the rental value will also ascend. Thus, investment in
luxury residential projects to reap lucrative passive income.
Documents, Stamp Duty, and Registration Fee for 5BHK Projects in Kolkata
Here are the documents property buyers must keep handy while venturing into the market to invest in best 5 BHK projects in Kolkata. Also, the income and address proofs are mandatory to procure at the time of buying immovable asset in top 5BHK projects in Kolkata.
- ID Proof (Aadhaar Card, PAN Card, Driving License)
- Receipt or Demand Draft (DD) as a payment proof for Stamp Duty, Registration Fee, and Transfer Fee.
- Section 32A form of Claimants/witnesses/executants
- ID Cards and Photos of two witnesses
- A photo with the property’s front view
- GPA/SPA Documents
Kolkata has multiple city limits including Howrah and Municipal Corporation to name a few. The registration fee for immovable asset below Rs. 25 lakhs and above Rs. 40 lakhs attracts 4% to 5% stamp duty. However, registration fee is 1% for all property transactions.