Property Tips: Why is buying property in wife's name a profitable deal, these are 4 big reasons..

Buying their own house is everyone's dream. Many people collect money for this, only then they can buy a house for themselves. Are you planning to buy a new house for yourself, then this news can be of use to you. Today we are going to tell you how you can benefit by buying a house in your wife's name because the central government is taking many steps to increase the participation of women in society, in which many things are exempted as compared to men.

The government has made many rules for women to buy property. Let us tell you that women are especially exempted from property tax. So if you are also planning to buy a house for yourself, then you can buy it in the name of your wife, which will benefit you a lot. Let us tell you about it in detail.

Less interest is charged.

If you are buying a property, you should buy it in the name of your wife. This will benefit you more when you need to take a loan, then you will have to pay less interest. Many banks and housing finance companies in India give loans to women at a lower interest rate than men.

Exemption in stamp duty too

When someone buys a house, a lot of paperwork has to be done while buying the house. You have to get the house registered. For this, you pay stamp duty. A lot of your money is also spent on stamp duty. But there are many states in India where women have to pay less stamp duty than men.

Exemption in property tax

Women also get exemptions on property-related taxes. This exemption is given to women by the Municipal Corporation. However, you get tax benefits only when that property is in the name of the woman.

Financial security and self-reliance of wife

If a woman has property in her name, then this also strengthens her financial security and she is self-reliant. Therefore, she can make any decision with complete freedom.

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