Luxury Kerala Flats

  Are you owning a flat in Kerala? If yes, you certainly will have to pay your property tax. Wondering how to simplify the process of paying property tax online? We at luxurykeralaflats.com bring to you just the guide fo r Calculating and Paying Property Tax Online ! Know the basics! Like every state in India, Kerala too has its system of property tax calculation. The tax will be collected by the municipal corporation in charge of that area in which the property lies. You should find out under which corporation you belong to.  Factors to determine the property tax value in Kerala In Kerala the various factors on which your property tax value depends are:  The type of land Type of building Total area covered by the property Location Rentable value of the property Whether it qualifies as a luxury apartment or not, etc.  Property tax is also applicable in case you own land and the charges will vary. Depending on the type of property and its usage, rebates can be applied for in property

When you are about to buy a luxury flat in Kerala in a place like Trivandrum, it is best to consider joint ownership as an option. Many apartment buyers are often not aware of the advantages of joint ownership of apartments and go about buying a flat in a single name, instead of joint names. It so happens that with couples, even though EMI is serviced by both partners in equal parts, if the registration is with one partner the other partner could not claim the income tax benefits on the home loan. It is not necessary that only the spouse can be a partner, even close relatives like parents, children, brother or sister, business partner or even friends can be joint owners.  A person, who is added as a joint owner in the agreement, need not contribute towards the purchase of the property. It makes sense to add a close relative even if you are financing the property alone Check out the advantages of joint ownership of apartments before you decide to buy a luxury flats in Kerala ! Increa