Utility News Desk!!! Everyone’s dream in life is to have their own house. Buying your own home is no easy task. For this, people work hard day and night to accumulate capital. Only then are people able to buy a house after years of hard work. Even after buying a house, there are many tasks related to the house. Which people will have to complete. Then they get the ownership rights of the house.
People have to pay many types of taxes related to property. Then they get their property. Experts advise that if a woman wants to buy a house in her own name or a woman wants to buy her own house, then she has a lot of advantages compared to men and is also given exemption by the government. So let us tell you how much discount is available on buying a house in the name of women.
Women have been exempted from many things by the Government of India. Along with this, state governments also give exemption to women. If a woman buys a property in her name or someone buys a property in the name of a woman. Then stamp duty will have to be paid on registration. Exemption has been given in this. This exemption is given in different ways in different states. In many states, stamp duty is charged from men.
In comparison, women have to pay three-four percent less fees. So in Jharkhand state men have to pay 7% stamp duty. So on an average only Re 1 is taken from women. In Uttar Pradesh too, men face a 7% delay in stamp duty. Women are given a discount of Rs 10000 on the full price.
There are many people like this in India. Those who take home loan to buy a house. For home loan, people have to pay EMI along with the interest rate along with the principal amount. But if the home loan is taken in the name of women, then many housing finance companies give rebate in interest rate. Different housing finance companies give discounts ranging from 0.5% to 5% on house loans as per their rules. Whereas, if someone buys a house in joint ownership with a woman. So he also gets tax exemption.