True Cost of Buying at Embassy Greenshore Explained
Buying a home is not just about the base price quoted in brochures. For premium residential projects like Embassy Greenshore, understanding the actual cost of ownership is critical. Many buyers focus on the apartment price but overlook additional charges that can significantly impact the final budget. This buyer’s guide breaks down hidden charges, stamp duty, and registration costs you should factor in before making a decision.
Understanding the True Cost of Buying at Embassy Greenshore
The advertised price of an apartment usually covers only the basic unit cost. However, the final payable amount includes several statutory, development, and maintenance-related charges. Being aware of these beforehand helps you plan finances better and avoid last-minute surprises.
Common Hidden Charges Buyers Should Know
- Stamp Duty & Registration Charges
Stamp duty and registration are mandatory government charges applicable at the time of property registration. In Karnataka, stamp duty generally ranges between 5% to 6% of the agreement value, while registration charges are typically 1%.
These charges are not included in the base price and must be paid separately. Buyers should always confirm whether the stamp duty is calculated on the agreement value, guidance value, or sale value—whichever is higher.
- Goods and Services Tax (GST)
For under-construction properties, GST at 5% (without input tax credit) is applicable on the construction value. Ready-to-move-in units with an occupancy certificate are exempt from GST.
At Embassy Greenshore, buyers should clarify whether GST applies based on the project’s construction stage at the time of booking.
- Maintenance Deposit
Most premium projects collect an advance maintenance deposit, usually covering 12 to 24 months. This amount is paid upfront during possession and is used for common area upkeep, security, and amenities.
While this is not an extra “cost,” it affects immediate cash outflow and should be planned in advance.
- Clubhouse & Amenities Charges
Luxury developments often charge separately for clubhouse access and lifestyle amenities. These charges may be:
- One-time membership fees, or
- Included as part of possession-linked payments
Always ask for a breakup to understand what is included and what is optional.
- Car Parking Charges
In many projects, covered or additional car parking slots are charged separately. Buyers opting for multiple parking spaces should account for this additional expense.
- Legal, Documentation & Processing Fees
If you are availing a home loan, banks may charge:
- Loan processing fees
- Legal and technical verification fees
These are paid directly to the bank but add to the overall purchase cost.
Stamp Duty Explained: What Buyers Must Prepare For
Stamp duty is a state government tax that legally validates property ownership. At Embassy Greenshore, stamp duty is calculated based on the agreement value mentioned in the sale deed.
Key Points to Remember:
- Stamp duty must be paid before or at the time of registration
- It is non-refundable once paid
- Rates are subject to state regulations and may change
Buyers should keep a buffer amount ready to accommodate any revisions in government charges.
Why Understanding These Costs Matters?
Hidden charges don’t necessarily mean unfair practices—they are standard across most residential projects. The problem arises when buyers don’t factor them into their budgeting.
By understanding these costs early, you can:
- Avoid budget overruns
- Compare projects more accurately
- Plan home loans with better clarity
- Negotiate more confidently
Tips for Buyers at Embassy Greenshore
- Ask for a detailed cost sheet with all charges listed
- Confirm which charges are one-time vs recurring
- Clarify tax applicability based on construction status
- Keep 8–10% of the property value as a buffer for statutory costs
At The End
Embassy Greenshore Bangalore offers a premium residential experience, but smart buying goes beyond the brochure price. Stamp duty, registration, GST, and other associated charges form a significant part of the total investment. A clear understanding of these costs ensures transparency, financial readiness, and peace of mind.
For buyers who do their homework early, the journey from booking to possession becomes far smoother—and financially stress-free.