Buyer’s Guide
Welcome to Rajee Infrastructure. Providing here are the answers to frequently asked questions for Home Buying. We hope the information helps you. Please contact if any query.
Loan FAQ’s
Can I get my House financed ?
Yes. All Rajee Infrastructure properties offered for sale have clear titles. All Rajee Infrastructure projects are approved with most leading banks and financial institution for availing home loans
How Much Loan Can I Avail ?
You can avail a maximum loan of 80% of the Agreement value.
However your loan amount may differ as per your income eligibility as appraised by the bank. All loans are at the sole discretion of the bank.
Stamp duty and Registration
For residential as well as commercial units the stamp duty payable is applicable @ 6% of market value of such a unit or consideration paid under the agreement, whichever is higher. The market value of the Unit is determined on the basis of stamp duty ready recknor issued by the government every year on January 1st. Further registration fees are payable @ 1% of market value/consideration (whichever is higher) and is capped up to Rs. 30,000/-.
Tax Benefits
Do I get deduction on interest?
The repayment of the interest portion of the EMI is allowed as a deduction under section 24 under the head “income from house property” up to Rs. 1,50,000/- for self occupied property and full amount in case of let-out property if the purchase or construction is completed within a period of three years from the end of the year in which the loan is taken.
Income from House Property
According to the Indian Income Tax Act, if a person (resident or NRI) owns more than one house property, only one of them will be deemed as self-occupied. There will be no income tax on a self-occupied property. The other one, whether rented or not, will be deemed to be given on rent and deemed rental income (based on certain valuations prescribed by the income tax rules) will be added to income. Further, TDS will be deducted on actual rental incomes earned by NRI.
Capital Gains
If a residential property is held by the seller for more than 36 months, it is considered a long-term investment or else short term. Long Term Capital Gain shall be computed by considering Indexed cost of acquisition. NRIs are entitled to claim exemption from capital gains tax if they reinvest in specified assets as per Income Tax Act.