These days, modern day homebuyers are acting smartly. When it comes to flat decoration ideas or low price flats in Kolkata, modern home buyers are into making certain decisions about property investment, hence intending in making a fruitful deal. They are looking forward to the right tactics for earning satisfaction with the home agreement. Home buyers are looking forward to saving their money excluding the broker charges from the agreement for purchasing a property in joint when it comes to the best residential flats Kolkata.
When it comes to buying a property jointly, it is something perfectly suitable for married couples who can easily own a property jointly. This is likely to bring them lots of emotional advantages along with greater bonding and can build trust, apart from several financial benefits as well. Let's learn the advantages of buying 2 BHK flats in Kolkata in joint.
Loan extension: If you buy 2bhk flats at low price, Banks usually sanction the loans after evaluating the buyer's income and the loan amount by analysing his earnings. However, when a married couple happens to apply for a joint loan, the loan amount gets extended. It is carried out on the grounds that the amount of loan is being shared by both the home buyers, followed by the income of both.
Co-ownership benefits: In the case of a single owner owning a property, property transfer involves a lot of paperwork. In case of an unfortunate death of the sole owner it turns out to be hectic when it comes to transferring the rights of the property to the successors. This is where a married couple owning a joint property comes into play. Both the wife and husband share the property ownership and therefore the process of property transfer becomes quite easy when it comes to buying low price flats in Kolkata.
Tax saving options: This is one of the best advantages of owning a joint property. According to the income tax rules, when a married couple purchase a property jointly, each of the CO borrowers can experience a tax exemption of upto rupees 1.5 lakh and rupees 2 lakh on the principal amount and under the repayment made on the interest amount. It is one of those tax benefits that happen to be categorised under section 24 and 80c and is proved to be the best relief for taxpayers.
Low stamp duty: Another benefit of buying 2 BHK flats at low price in joint is the low stamp duty percentage paid at the time of the registration of the property. In maximum situations, women buyers happen to be charged with low stamp duty value compared to men buyers. It is carried out to encourage women buyers for buying the property.
Based on the above benefits it is quite clear that purchasing a 2BHK flat in Kolkata in joint names happens to be quite beneficial for married couples when they are looking for one.