This is the actual usable area within the walls of a property. It excludes common areas like walls, corridors and balconies, and is basically the actual space you can use inside your walls.
This area includes the carpet area and the thickness of outer walls and common areas shared among all residents of a building. Basically, it’s the carpet area plus the space taken up by the walls and other common areas like stairs.
This ratio defines the permissible limit for construction on a plot, indicating how much area can be built upon relative to the plot size. It tells you how much you are allowed to build on a plot of land relative to its size.
It is the minimum value set by authorities for properties in a particular area, used to calculate stamp duty and registration charges. It is used to decide the taxes you pay when buying or selling property.
It is the regulatory body established to protect the interests of homebuyers and regulate the real estate sector. RERA ensures that property buyers are treated fairly.
This is an indirect tax applicable to realty transactions for under-construction properties, with different rates for affordable and non-affordable housing. Different rates apply to cheaper and more expensive homes.
While a leasehold property is leased from the government or landowner for a specified period, a freehold property grants ownership indefinitely. Leasehold means you rent the land for a set time, whereas freehold means you own the land forever.
It is the tax levied on profit from selling a property, categorised as short-term (held for <3 years) or long-term (held for ≥3 years). If you make money by selling property, this is the tax you have to pay on that profit.