Buying a house is everyone's dream. Many people save money for this. Then they can buy a house. On buying a house, people have to spend money on other things besides the price of the house. But if you buy a house in the name of your wife. Then you are given benefits in it. The central government is taking many steps to increase the participation of women in society.
That is why the government also gives discounts on many things to women as compared to men. The government has also made separate rules for women to buy property. Women are especially given discounts on property tax. So if you are planning to buy a new house. Then buy a house in the name of your wife. You will get a lot of benefits from it. Let us tell you
Less interest is charged on taking a home loan
There are many such works in India where women are given importance and they are also given discounts. If you are buying property. So you should buy it in your wife's name. It is most beneficial when you need a loan. Many banks and housing finance companies in India give loans to women at a lower interest rate than men. Many banks and housing finance companies have many schemes, especially for women. If you take a home loan in your wife's name, you can get a home loan at a lower interest rate.
Exemption in stamp duty too
When anyone buys a house, a lot of paperwork has to be done to buy the house. You have to get the house registered. For this, you pay stamp duty. A lot of your money is also spent on stamp duty. But there are many states in India where women have to pay less stamp duty than men
If compared, women are generally given a discount of 2 to 3 percent on stamp duty as compared to men. For example, in Delhi, men have to pay a 6% stamp duty. So women have to pay only 4% stamp duty which is 2% less than men. In Uttar Pradesh, men have to pay 7% stamp duty while women have to pay only 5%.
(PC: Freepik)
