When you buy a flat in Saket, the “closing cost” is the total money you must pay at or before registration/possession—over and above the base property price. In this market, it’s not small.
👉 Rule of thumb:
➡️ 7% to 12% of property value (can go higher with GST + interiors)
Let’s break it down clearly.
🧾 1. Mandatory Closing Costs (You can’t avoid these)
✔️ Stamp Duty + Registration
- Stamp duty: ~4%–6% (depends on buyer profile)
- Registration: ~1%
👉 Total:
➡️ 5%–7% of property value
📊 Example (₹2 Cr property):
➡️ ₹10–14 lakh
✔️ Brokerage
- 1%–2% (resale deals common in Saket)
📊 Example:
➡️ ₹2–4 lakh
🏗️ 2. Conditional Costs (Depends on Property Type)
✔️ GST (ONLY for under-construction)
- 5% of property value
📊 Example:
➡️ ₹10 lakh on ₹2 Cr
👉 Not applicable for ready-to-move homes
✔️ Parking Charges
- ₹2–₹5 lakh (often not included)
✔️ PLC (Preferential Location Charges)
- For park-facing, corner, premium units
➡️ ₹2–₹5 lakh typical
🏦 3. Loan-Related Closing Costs
If you’re taking a home loan:
- Processing fee: 0.5%–1%
- Legal + valuation charges
- Loan insurance
📊 Typical total:
➡️ ₹1–3 lakh
🏢 4. Maintenance & Society Charges
These are often collected upfront:
- Advance maintenance (1–2 years)
- Corpus/sinking fund
- Security deposit
📊 Typical:
➡️ ₹1–3 lakh+
🎨 5. Interiors & Setup (Not official, but unavoidable)
- Basic setup: ₹5–10 lakh
- Premium interiors: ₹15–30 lakh
👉 This is where budgets often explode.
📊 6. Full Closing Cost Example (₹2 Crore Flat)
| Cost Component | Amount |
|---|---|
| Stamp duty + registration | ₹12–14 lakh |
| Brokerage | ₹3 lakh |
| GST (if applicable) | ₹10 lakh |
| Parking | ₹3 lakh |
| Loan charges | ₹2 lakh |
| Maintenance deposit | ₹2 lakh |
👉 TOTAL (without interiors):
➡️ ₹32–34 lakh
👉 TOTAL (with interiors):
➡️ ₹40–50 lakh
⚠️ 7. Real Buyer Mistake
Most people think:
“I need ₹40 lakh down payment”
Reality:
➡️ You may need ₹70–80 lakh total cash
🧠 8. Smart Planning Rule
Before buying, always keep:
✔ Down payment: 20–25%
✔ Closing cost buffer: 10–15%
✔ Emergency fund: 6 months
👉 Only then you’re financially safe.
🔥 Final Takeaway
In Saket:
- Closing costs = 7%–12% minimum
- With GST + interiors → 15%–20% real impact
💡 Simple Formula
👉 If property = ₹2 Cr
➡️ Keep ₹40–50 lakh extra ready