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Checklist to do Before Booking a Flat?

  • Property tax application
  • Khata Transfer
  • Name change in utility connection
  • Electricity meter installation (BESCOM Meter)
  • Water connection (BWSSB)

When you buy a flat you buy two things from the builder

  • 1. Undivided Land of Share and
  • 2. The flat.

Both VAT and Service Tax (As on Jan 2013 …Service Tax @ 12.36% on 25% of BASIC Price ( if Land Cost is included ) otherwise 12.36% on 33% of Basic Sale price ) need to be paid on no 2 and not on no 1. Make sure you get a TAX invoice for those if builder is not giving you the TAX invoice then dont give those amount