Fees and TaxesHome > Fees and Taxes
The fees associated with buying property in India vary, as costs differ from region to region.
Taxes are charged at a progressive rate, often with a small exemption on the initial earnings. While Indian residents are charged taxes on their worldwide income, non-residents are taxed only on their Indian sourced income. The income generated from rental properties is taxed at the higher charge of either the government determined value or the actual rental value. A surcharge of 10% is applicable to all incomes exceeding the equivalent of around US$20,000 annually. Capital gains on properties are considered standard income taxes. The total transaction costs of buying property in India amount to between 6.5% and 13.5% of the purchase price.
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