3 Jul 2025Buying a home is a big dream for most of us. We save for years, plan every detail, and when the time comes, it feels like everything should go smoothly. But often, buyers are caught off guard by hidden costs that no one really talks about.
These are costs beyond the property price that can seriously affect your budget. If you’re planning to buy a flat, house, or plot soon, this guide will help you avoid unpleasant surprises—and make smarter decisions, just like experienced buyers do.
Once you buy a property, you need to register it under your name. For that, the government charges stamp duty (usually 4%–7%) and registration fees (around 1%), depending on your state.
Many first-time buyers forget to include this in their total budget.
Some states give discounts if the property is registered in a woman’s name.
Planning to buy a flat that’s still being built? You’ll need to pay 5% GST (or 1% for affordable housing). This doesn’t apply to ready-to-move-in homes.
GST is not included in the basic price the builder quotes, so always ask for the final amount with GST.
Even if everything looks good on paper, you need a lawyer to check the title, approvals, and documents. This step ensures your property is 100% safe to buy.
Legal fees can cost around ₹10,000–₹25,000, depending on the complexity.
A smart buyer always gets documents verified—it’s a small price for big peace of mind.
Getting a loan? Apart from interest, banks also charge:
Insurance (optional or sometimes mandatory)These can cost you a few thousand to lakhs, depending on your loan amount. Always ask your bank or lender to share a full cost sheet in advance
5. Brokerage or Agent Fees
If you’ve gone through a broker or property dealer, they usually charge 1%–2% of the property value. Some may negotiate, especially in big-ticket deals, but it’s better to clarify early.
Good brokers are worth the cost—they save your time, filter genuine properties, and help with negotiation.
A new house often comes as a blank canvas—no lights, fans, cupboards, or kitchen setup. Even resale homes may need repairs.
Plan for at least 5%–10% extra for basic interiors, painting, and furniture.
From hiring packers and movers to setting up your gas, electricity, internet, and more, these small things add up quickly.
Estimate around ₹20,000–₹50,000 depending on how far and how much you’re shifting.
Apartments and gated communities come with regular monthly maintenance fees. Some developers also ask for a corpus fund or advance payment at the time of possession.
If you want an extra parking slot, that may also be charged separately.
After possession, you’ll need to pay annual property tax to the local municipal authority (like BMC, BBMP, GHMC, etc.). It’s usually a few thousand per year, based on property size and location.
When buying property, the price per square foot is just the beginning. From paperwork to possession, several hidden costs can affect your budget and your peace of mind.
The best buyers are the ones who plan, ask the right questions, and get expert guidance when needed. Whether it’s your first home or your fifth, being informed gives you the upper hand.
Want to avoid mistakes and buy smart? The right advice can make all the difference.
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