Hi, I’m planning to buy a flat in a registered society in Jharkhand. They mentioned they have a group registration and will transfer their share to me. I’m a bit confused about the registration fee and VAT for this group registration. Could you please explain how much I need to pay? Thanks!

Apni Law
Apni Law
Law Forum › Category: Property › Hi, I’m planning to buy a flat in a registered society in Jharkhand. They mentioned they have a group registration and will transfer their share to me. I’m a bit confused about the registration fee and VAT for this group registration. Could you please explain how much I need to pay? Thanks!
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Apni Law Staff asked 11 months ago

Hi, I’m planning to buy a flat in a registered society in Jharkhand. They mentioned they have a group registration and will transfer their share to me. I’m a bit confused about the registration fee and VAT for this group registration. Could you please explain how much I need to pay? Thanks!

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Apni Law Staff answered 11 months ago

In Jharkhand, registration fees and VAT for a group registration transfer are calculated based on the property’s market value. The exact amount depends on the specific flat you are buying and the prevailing rates in Jharkhand. Consult a legal professional or a registered property consultant for accurate information and assistance with the transfer process.

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