What a transaction actually looks like
A home in New Friends Colony is valued on the Category A circle rate of ₹7,74,000 per square metre of land, with minimum construction at ₹21,960 per square metre. For a builder floor, the land value is apportioned to the floor you buy, and construction is added for its covered area. If your floor carried a quarter share of a 500 sq yd plot, that is 125 sq yd, the land part alone works out to roughly ₹8.1 crore at circle rate before any construction is added.
That is why NFC needs care. Duty is charged on the higher of the deal value and the circle value, and income-tax rules treat a gap of more than 10% between the two as taxable for both buyer and seller. On a new floor at ₹13 crore the deal value normally stays above the circle figure, but on an older floor or a plot sold for land the two can come very close.
So budget the full cost of registration on top of the price. NFC falls under the MCD, so the all-in rate is 8% in a man’s name, 6% in a woman’s name and 7% for joint ownership. In a man’s name, that is 3% stamp duty, 4% MCD transfer duty and 1% registration. In a woman’s name the two duties drop to 2% and 3%, and a joint deed sits in between at 2.5% and 3.5%. On a ₹13 crore floor, that comes to about ₹1.04 crore in a man’s name, ₹91 lakh jointly and ₹78 lakh in a woman’s. The buyer also deducts 1% TDS against the seller’s PAN, and the rules change if the seller is a non-resident. See the full stamp duty breakdown → · Circle rate vs market rate →
Banks lend readily in NFC against a clean title, an approved building plan and a completion certificate, and at these tickets many buyers do take a loan for part of the price. Banks do not finance the duty. How a home loan works on a builder floor → · The NRI buyer’s guide →