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residential and commercial
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Prestige ....
 
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C.V.Raman....
 
 

FIXED COMMISSIONS ON REAL ESTATE TRANSACTIONS

SALE TRANSACTIONS
City limits - Residential/Commercial 2% from seller, 1% from buyer
Outside city limits 3% from seller, 1% from buyer
Sale of Industrial land/building and agricultural land 4% from seller, 2% from buyer
JOINT DEVELOPMENT 2% commission from the developer/owner on their respective super built up share
GOODWILL/PAGADI 2% commission and one month rent on either side.
RENTAL TRANSACTIONS
Residential/Commercial/Industrial
On Rental 1 month rental form both parties
On renewal of lease 15 days commission for any renewal of lease from the Leassor and lessee or the approaching party.
TEMPORARY RENTAL ACCOMMODATION
Upto 3 months 1/4 month's rent as commission from both parties
Upto 6 months 1/2 month's rent as commission from both parties
Any lease beyond 6 months 1 month's rent as commission from both parties
Rental deposit exceeding 15 months 2% commission from both parties
* Note : Service tax at 10% and an education cess at 3%  is leviable on all commissions.
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