The government, bank and tax system are supporting women’s houses. The government is also offering special exemption and benefits to women on buying houses. Let us know what the government is giving to women. If you are also a woman and thinking of buying a house, then what benefit does the government give you. Sometimes buying a house was considered only the decision of men, but now the time has changed. Today’s women are not just buying homes, but are making their future safe.
1. Special rebate in interest rate
Women get a concession ranging from 0.05% to 0.10% on home loans. This small discount can provide millions of savings in a long time. Banks also consider women more reliable. Their credit score is better, the chances of default are less.
2. Double discount in tax
Women can get a discount of up to Rs 1.5 lakh (Section 80C) and Rs 2 lakh (Section 24B) on home loans. If both husband and wife are co-owners, both can take this discount. That is, you can give double benefit in tax to common people. For the first time, you can also get an extra discount of Rs 50,000.
3. Relief in stamp duty
Stamp duty for women in Delhi is 2% less than men. Women in Rajasthan give only 5% duty. 1 percent less in UP. This provides savings of lakhs of rupees at the time of registry of the house.
4. Priority in government scheme
In schemes like PMAY, women are required to make owner or co-owner in property, only then subsidy is available. Due to this, women are becoming the mistress of their home, especially even in low income groups. So if you or a woman in your family is thinking of buying a house, then this is a great opportunity.