Until recently, mostly the men in the society were investing in properties in their names.
But off late, huge tax benefits and rebates are the reason why male home buyers have been vastly encouraged to buy properties in the name of the women’ in the family – whether wife, mother, or sister. Women too themselves, have been majorly promoted to enter the world of property investments which has a plethora of exemptions and concessions that are solely reserved for women.
Let’s look at some of the most beneficial advantages for female property buyers in India:
Concession on Stamp Duty
Several state governments in India provide partial concession on stamp duty to women property buyers and in some cases, even in the case of a joint registration where one of the persons is a woman.
Check with the relevant authorities in your area to find the exact figure for the concession being offered on stamp duty.
For instance, in Maharashtra, the stamp duty concession for women is 1%. It is a lot higher in places like Delhi where it is 4% when the property is being registered in the name of a woman, and 5% in the case of a joint registration.
Read More : https://mittalbuilders.com/benefits-of-booking-a-new-home-under-a-womans-name/
