What are the fees incurred by the buyer?

Agency Fees

2% of the total transaction + VAT

Notary Fees

2% on the first Rs 250,000.-
1.5% on the next Rs 500,000.-
1% on the next Rs 1,000,000.-
0.5% on the balance.
+ VAT

Registration Fees

5 % on the declared value.

Additional fees for State Land
Contact Ministry of Housing & Lands

Documents required by the notary

Photo (passport size)
Identity card (Photocopy)
Birth Certificate
Marriage Certificate
Divorce Certificate
Address
Occupation 

What are the fees incurred for rental property?

Agency Fees

For a 1 year rental contract a fee of 1 months rent is charged.

What are the fees incurred by the seller?

Agency Fees

2% of the total transaction + VAT

Notary Fees

None

Transfer Fees

a) The vendor pays 5% of Land Transfer Tax  on the declared value, if he has owned this asset for more than 5 years.

b) The vendor pays 10% of Land Transfer Tax  on the declared value, if he has owned this asset for less than 5 years.

Documents required by the notary

Photo (passport size)
Identity card (Photocopy)
Birth Certificate
Marriage Certificate
Divorce Certificate
Clearance Certificate (contact the Municipality)
Sewerage Certificate (waste water authority)
Site Plan or Location Plan
Title deed and co-ownership
Letter of clearance from the syndic
A letter of partial erasure of charges for a Floating Charge