How this is worked out
- Stamp duty, registration, cess and surcharge are a share of the base price, set by your state. They're paid in cash before registration; banks don't lend for them.
- GST applies only to under-construction flats: 5%, or 1% for affordable housing up to ₹45 lakh. Ready-to-move flats with a completion certificate have no GST.
- Moving-in costs: maintenance paid in advance (rate × size × months), electricity and water connections, the society corpus fund, and interiors with 18% GST.
- EMI rule: all your EMIs, including this home loan, should stay under about a third of take-home pay. Price rule: the flat shouldn't cost more than about 5 years of take-home pay.
- Cash rule: your savings should cover the down payment, duties and taxes and the moving-in costs, while leaving an emergency fund untouched.
Questions people ask
Can I get a loan for stamp duty and registration?
Usually not. Banks lend up to 75–90% of the property value, and stamp duty and registration are paid separately in cash. That's why the cash you need is far more than the down payment.
Is GST charged on a resale flat?
No. GST is charged only on under-construction property bought from a builder. A ready flat with a completion certificate, or a resale flat, has no GST, but you still pay stamp duty and registration.
Why keep an emergency fund separate?
A new home loan is the riskiest time to have no cushion. If income stops, 6–12 months of spending in the bank keeps EMIs paid while you recover.
Do women buyers pay less stamp duty?
In several states, yes: often 1–2 percentage points less when the property is registered in a woman's name. Check your state's current rates and put them under the detailed assumptions.
Is my data saved anywhere?
No. Everything is worked out in your browser. Your last numbers stay on your own device, and the page link holds them so you can share them.