Buying a house is a dream of all of us. However, buying a house is not an easy task. After years of hard work, a person collects the savings and then he can buy a house. Sometimes even the savings are not enough, so in such a situation, the person buys a house or land by taking a home loan. While buying a house, many expenses are included like its price, registry charge, stamp charge, lawyer's expenses, home loan valuation charge, etc. After all these expenses, when the registration is done, then the person gets the ownership of the house. While buying property, people adopt many measures to save money. At the same time, do you know that buying property in the name of women is more beneficial than men? Let's know about it in detail -
You should know that the central and state governments give discounts to women in many places. Women also get this discount while buying property.
If a woman buys property in her name or a person is buying property in the name of a woman. In this situation, she gets an exemption in stamp duty. This exemption is given differently in different states.
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Stamp duty is charged while buying property in many states. In that, women are given a concession of three to four percent as compared to men. Apart from this, women also get rebate on stamp duty in many states as compared to men.
You should be aware that many housing finance companies also give discounts on home loans taken in the name of women. Apart from this, if someone takes a house in joint ownership with a woman, then he also gets a tax exemption.
(PC: ISTOCK)
