What’s one core aim for which you have willingly involved in the pressure of a 10-15 hours work-cycle? To become able to buy own residential property in Kolkata as early as possible in life?
Well, for individuals just like you, 2021 turns out an ultimately advantageous year to fulfill the said endeavor. Thinking why is that so?
Given to certain government-guaranteed benefits & distinctive banking schemes – all of which attempt to encourage one aspect –
♦ Increase in the frequency of home & property purchase amongst salaried & self-employed professionals.
Feeling interested to learn about these special governmental perks? Then reflect on the highlights of
Kolkata Property Possession Benefits In 2021
# Apt-est Scope To Save
How? All thanks to West Bengal Government’s budget 2021-2022 that offers you:
» A crisp saving of 2% on stamp duty if registering the apartment or house before 30th October, 2021
» Deduction of a total of 10% in the ultimate circle rate of property in & around Kolkata
Applicable for both Panchayat & Corporation areas & houses priced below & above INR 1CR, the new-fangled rules will eventually cater to you with –
♦ Savings of over RS 1,00,000 in the overall registration & deed related protocols
# Lucrative Loan Rates
A top reason, according to a realtor of flat for sale in Kolkata new town, to purchase own dream apartment right this year.
At a record low yardstick, private sector banks like HDFC, Kotak Mahindra, Axis are offering home loan schemes at –
♦A yearly percentage scheme of 6.65 – 6.90
♦ with public sector banks such as SBI, BOB et al slashing this rate more down to –
♦ 6.70 -6.90 percent per year
Practically beneficial for people taking home loans with long-tenure repayment options,
» The rebate is also fit for saving few thousand over your specified EMI & thereby not ‘adjusting’ the daily or monthly list of essentials – just because you are under the burden of a bank loan
# First-Time Buyer Support
Courtesy of National Fiscal Budget 2021-22. Presented on 1st February 2021, the charter revamps Section 80EEA of the 1961 Income Tax Act by –
» Broadening the time-span of getting that RS 1.5 lakhs tax remission while paying the annual home loan interest – up to 31st March 2022.
This deduction comes as an additional perk over the yearly cut-off of INR 2,00,000 on the loan -meant for all kinds of house purchasers (as per Act’s section 24) & gets effective, condition to-
♦ House valuing up to Rs 45lakhs
♦ You not possessing any other residential property till the loan’s approval
♦ The loan comes only from an authorized financial organization
And wait. That’s not all. In the aim to enkindle the ‘buyers’ sentiment’ in the larger group of citizens, the Government Of India furthers advantage for those attempting to buy home in Kolkata first time:
» RS 1,50,000 tax allowance upon your principal home loan amount & stamp fees – as per Section 80C & subject you do not sell it within the immediate 5 years of purchase.
One inspirational year, right? So prep up & contact Team Realtech for possessing that 2BHK or duplex you always dream of.
Value for money property in Kolkata is now simply a call away.
