What a flat in Hyderabad costs beyond the quoted price

The price a builder quotes is the base price. Ten other charges sit on top of it, and together they usually add 10 to 15 percent. Here is each one with the range typically seen in Hyderabad, so you can add them up before you commit.

1. Stamp duty, transfer duty and registration

For urban property in Telangana you pay 4% stamp duty, 1.5% transfer duty and 0.5% registration fee: about 6% of the property value. On a ₹1 crore flat that is about ₹6 lakh. The state sets these rates, so there is nothing to negotiate. Ask the builder for a cost sheet that includes them. We explain the calculation in our guide to GST, stamp duty and registration charges.

2. GST

A completed flat with its completion certificate carries no GST. An under-construction flat carries 5%, or 1% if it qualifies as affordable housing (priced up to ₹45 lakh with a carpet area up to 60 sq m). On a ₹50 lakh under-construction flat at 5%, that is ₹2.5 lakh over the base price.

3. Maintenance deposit

Most gated communities collect one to two years of maintenance in advance. In Hyderabad that is usually ₹50,000 to ₹2 lakh, depending on the size of the project and its amenities. First-time buyers often leave it out of the budget.

4. Parking

Covered parking is often billed separately. Expect ₹2 lakh to ₹5 lakh in mid-range and premium projects. A luxury project with several slots can add ₹10 lakh or more.

5. Clubhouse and amenities

A pool, gym, co-working space or sports courts cost money to build, and that cost is passed to buyers. Sometimes it is inside the base price and sometimes it is a separate line. Check which.

6. Legal fees

A lawyer to verify the title and read the agreement typically costs ₹10,000 to ₹50,000. If the builder offers free legal services, get an independent opinion as well.

7. Floor rise

Floor rise charges often start after the third or fourth floor and typically add ₹20 to ₹50 per sq ft for each floor above. On a 1,200 sq ft flat, the tenth floor is seven floors above the third, so at ₹20 per sq ft it costs about ₹1.7 lakh more than the same flat on the third. At ₹50 it is over ₹4 lakh.

8. Preferred location charges

A lake view, a park-facing unit or a corner flat usually carries a premium of ₹50 to ₹500 per sq ft. On a typical flat that is several lakhs.

9. Advance property tax

GHMC charges property tax every year. Some developers collect the first year's tax before possession. The amount depends on the flat and its location, so ask for it in writing and check it against GHMC's own assessment.

10. Loan processing and insurance

On a home loan, lenders typically charge a processing fee of 0.25% to 1% of the loan amount. On a ₹70 lakh loan that is ₹17,500 to ₹70,000. Most lenders will also offer you home insurance, typically ₹10,000 to ₹20,000 a year on a loan of this size. Neither RBI nor the insurance regulator makes it compulsory, and you are free to buy it from an insurer of your choice.

Before you compare two projects

Buyers who skip these costs end up borrowing more than they planned, settling for a smaller flat, or missing the final payment and delaying possession. Ask every builder for an all-in cost sheet with these ten lines filled in, and compare projects on that total.

relai's advisors will go through a builder's cost sheet with you at no charge: message us on WhatsApp.