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Prasad S

Prasad S

Home Owner | Thiruvananthapuram, Kerala

I am looking forward to buy a flat which is 8 yrs old. I approached a bank for home loan and the same has been approved. The bank loan is 80% of the purchase value. I am being told by the bank that I need to mention 90% of the property value since it is a flat in the sale deed to get it registered in my name. I feel that I am being misguided. Can any one clarify?
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Sasikumar Therayil
Sasikumar Therayil

Civil Engineer | Thrissur

we are supposed to show the actual value however to reduce registration cost we show less. But at the same time it has got its own demerits. if you show less price and if you want to show your assets for any reason you will be getting less asset value

N UNNIKRISHNAN NAIR
N UNNIKRISHNAN NAIR

Civil Engineer | Alappuzha

For purchase of flat, rules may be different when compares to villas and ready built house.

Vishnu Cv
Vishnu Cv

Home Owner | Palakkad

😍ഐ )

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