🏠 Real Estate & Mortgages
Closing Cost Calculator
Estimate closing costs from a percentage of the purchase price.
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Estimate closing costs from a percentage of the purchase price. This dedicated page is built for fast, clean calculations and search visibility.
Enter your values, click calculate, and see the result instantly. The page uses a simple, focused layout to improve usability on mobile and desktop.
How to use this calculator
- Open the closing cost calculator page.
- Enter the required values in the form fields.
- Click Calculate to see the result and breakdown.
- Use the related links to explore similar tools.
Results are estimates. For lending, taxes, trading, nutrition, or medical decisions, verify with a qualified professional.
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Hidden costs of property purchase in India
The purchase price of a property is only the starting point. Total cost of acquisition includes stamp duty (3–8% depending on state), registration fee (1%), GST (5% for under-construction, nil for ready-to-move), brokerage (1–2%), home loan processing fee (0.25–1%), and property insurance. For a ₹80 lakh ready-to-move flat in Maharashtra, total additional costs run ₹6–8 lakh.
State-wise stamp duty rates (approximate)
- Maharashtra: 5% (women buyers: 4%), 1% metro cess in Mumbai
- Karnataka: 5.6% (properties above ₹20 lakh), 1% registration
- Delhi: 4% (women), 6% (men), 1% registration
- Tamil Nadu: 7% stamp duty, 4% registration
- Gujarat: 4.9% stamp duty, 1% registration
Interiors and furnishing for a new flat typically run ₹5–15 lakh for a 2 BHK depending on quality. Society maintenance deposit (typically 6–12 months advance) and monthly charges (₹2,000–₹8,000/month for metro apartments) also add to the first-year cost. Budget total first-year outflow at purchase price + 12–15% for a realistic acquisition cost.
Frequently asked questions
Is GST applicable on resale flats?▼
No. GST is not applicable on resale (secondary market) residential property transactions. It applies only to under-construction properties from a registered developer (5% without ITC, or 1% for affordable housing). Ready-to-move-in properties and all resale transactions are exempt from GST.
Can stamp duty be paid online in India?▼
Yes. Most states have moved to e-stamping through their treasury portals or authorized e-stamping vendors. In Maharashtra, stamp duty is paid online through the GRAS portal and biometric registration is done in Sub-Registrar offices. Check your state's revenue department website for the current process.
Is brokerage negotiable when buying property?▼
Yes. While 1–2% is the standard rate, brokerage is fully negotiable, especially for higher-value properties. Large brokerages in Mumbai and Bangalore routinely offer 0.5–1% for properties above ₹1 crore. Builder-direct purchases often carry no brokerage but may have premium pricing.
Can I claim stamp duty and registration costs as tax deductions?▼
Stamp duty and registration fees paid for a house can be claimed under Section 80C (up to ₹1.5 lakh total) in the year of payment, under the old tax regime. This provides meaningful tax savings when you first register the property. This deduction is not available under the new tax regime.