Legal Fees and Documentation
These are the costs associated with verifying ownership, drafting legal agreements, and ensuring compliance with property laws.
- Title verification and due diligence by a legal expert
- Sale deed drafting and execution charges
- Legal advisor or lawyer fees, usually between fifty thousand and one lakh
- Stamp duty and registration charges, based on state laws
Government Charges and Duties
Mandatory charges paid to the government to legally register the transfer of ownership and update land records.
- Stamp duty: typically five to seven percent of the property value
- Registration fee: generally one percent of the property value
- Mutation and conversion charges, if applicable
Additional Closing Expenses
These include miscellaneous costs related to finalizing the transaction and taking legal possession.
- Survey and boundary demarcation fees
- Notary and attestation charges
- Administrative or liaison charges with local authorities
- Brokerage or agent commission, if involved
Estimated Range
For a property valued at three crore:
- Total legal and closing costs can range from fifteen lakh to twenty-five lakh
- Higher in urban areas due to stamp duty rates and legal fees
- Should be included in the total project cost planning