Buying a property, govt value is half of real value.. what value should u I consider for registratio

[halwafan]

7000 per sq feet is agreed price, govt value 3500 undi.. what should I put in registration value? 
7.6% is registration price i should pay.. 

 

Any experiences here and inputs ?

[DonnyStrumpet]

Whatever is govt price. Rest is all black money.
 

If you already paid taxes on your income, then you are creating black money with our own hard earned money.
 

Thats how things work in India. I assume you are talking about your Indian property. 

[halwafan]

2 minutes ago, DonnyStrumpet said:

Whatever is govt price. Rest is all black money.
 

If you already paid taxes on your income, then you are creating black money with our own hard earned money.
 

Thats how things work in India. I assume you are talking about your Indian property. 

yea right.. I’m literally converting my taxed income to black.. but then 7.6% registration charges are is too high to ignore .. 

long term any negatives ? want to know from people here if they some knowledge around this . 

[DonnyStrumpet]

Just now, halwafan said:

yea right.. I’m literally converting my taxed income to black.. but then 7.6% registration charges are is too high to ignore .. 

long term any negatives ? want to know from people here if they some knowledge around this . 

It all depends on your long term plan. Do you currently reside in US or India? What are your future plans. Are you buying a home as a primary residence? Or is it an investment property? Draw the big picture so that people can advise better. 

[halwafan]

Just now, DonnyStrumpet said:

It all depends on your long term plan. Do you currently reside in US or India? What are your future plans. Are you buying a home as a primary residence? Or is it an investment property? Draw the big picture so that people can advise better. 

Staying in india, buying as primary residence and planning to stay in it .. will be holding it for long time .  

[DonnyStrumpet]

7 minutes ago, halwafan said:

Staying in india, buying as primary residence and planning to stay in it .. will be holding it for long time .  

Buy it. You have no choice. Even though you are creating black money with your own savings. 
 

Thanks to GST, registration taxes are obnoxiously high now. It’s inescapable for everyone. 
 

My only suggestion. Buy an independent house. Apartments are a dead investment. When the apartment gets outdated or destroyed, you are left with nothing. 

[halwafan]

16 minutes ago, DonnyStrumpet said:

Buy it. You have no choice. Even though you are creating black money with your own savings. 
 

Thanks to GST, registration taxes are obnoxiously high now. It’s inescapable for everyone. 
 

My only suggestion. Buy an independent house. Apartments are a dead investment. When the apartment gets outdated or destroyed, you are left with nothing. 

yeah, even i was always for independent house, but than Iam getting good uds, around 61 Sq yard for 1600 Sq feet apartment.. so kind of compromised.. 

[ARYA]

chala properties not even 5% kada official value, esp farm lands around hyd

[idibezwada]

better register it for the market value...I would only do it for gov value only if the builder is giving a good discount

[Jatka Bandi]

Your hard earned legal money. Market Value. Registration costs taggara kakkurthi enduku? By the way, see if you want to register on a LLP.