Registration charge is a fee that is charged to register or enroll for a specific House, apartment and land. This fee is typically required in order to reserve a spot or secure your enrollment in the properties.

What is registration cost ?

In municipal areas, it is 12% – buyers pay 5% and sellers pay 7% of the declared value of the properties in registration certificates. In rural areas, the tax rate is 7% of the declared value and is paid only by the buyer.

Capital Gain Tax in Nepal

Capital gains are the profits that an investor realizes when he or she sells the capital asset for a price that is higher than the purchase price.

The formula for capital gain is:
Sale Price – Purchase Price = Capital Gain

Example:- Sale price is 1,50,00,000, Purchase price is 1,00,00,000. 1,50,00,000-1,00,00,000=50,00,000 (now you have to pay gain tax of 50,00,000).

Note that this formula assumes the sale price is higher than the purchase price. If an investor sells an asset for less than he or she paid, this is called a capital loss, and no tax is owed.

1. Since the house was owned for less than five years, capital gain tax of 7% since the 2079 fiscal year.
   
2. If the house was owned for more than 5 years and came under the definition of non-business
   chargeable assets then capital gain tax would have been levied at the rate of 5% since the 2079 fiscal year.
   

Determining the initial offer for something, whether it be a job, a product, or a service, is a critical step in any negotiation. Here are some factors to consider when determining your initial offer:

1. Market value: Research the market value for similar products, services, or jobs in your area to help determine what is a fair initial offer.
2. Cost: Consider the costs involved in producing or providing what you are selling. Your initial offer should reflect the amount of money you need to make a profit.
3. Value: Consider the value that you bring to the table, whether it’s your experience, skills, or unique product. Your initial offer should reflect the value you bring to the customer.
4. Timing: Timing can be a critical factor in determining your initial offer. If you are in a rush to sell or fill a position, you may need to start with a lower initial offer. On the other hand, if you have time on your side, you may be able to start with a higher offer.
5. Objectives: Consider what you hope to achieve with your initial offer. Are you looking to make a quick sale, or are you more focused on building a long-term relationship with the customer? Your objectives will impact the amount of your initial offer.

It’s important to keep in mind that your initial offer is just that—an opening offer. It’s likely that negotiations will follow, and you should be prepared to adjust your offer based on the feedback you receive.

It’s not required, but it’s a good idea. Following the inspection, the home inspector will be able to answer questions about the report and any problem areas. This is also an opportunity to hear an objective opinion on the home you’d like to purchase and it is a good time to ask general, maintenance questions.

It depends on the type of inspection you’re referring to and the requirements of the organization or entity conducting the inspection.

In some cases, the presence of the property owner or responsible party during an inspection may be required, while in other cases it may not be necessary. For example, if you are having a building inspection done prior to purchasing a property, it is common for the inspector to conduct the inspection with the prospective buyer present. On the other hand, a routine health and safety inspection of a business may not require the owner’s presence.

It is always best to check with the organization or entity conducting the inspection to determine if you are required to be present and to understand the purpose and scope of the inspection.

An inspector checks the safety of your potential new home. Home Inspectors focus especially on the structure, construction, and mechanical systems of the house and will make you aware of only repairs that are needed.
The Inspector does not evaluate whether or not you’re getting good value for your money. Generally, an inspector checks (and gives prices for repairs on): the electrical system, plumbing and waste disposal, the water heater, insulation and Ventilation, the HVAC system, water source and quality, the potential presence of pests, the foundation, doors, windows, ceilings, walls, floors, and roof. Be sure to hire a home inspector that is qualified and experienced.

It’s a good idea to have an inspection before you sign a written offer since, once the deal is closed, you’ve bought the house “as is.” Or, you may want to include an inspection clause in the offer when negotiating for a home. An inspection clause gives you an “out” on buying the house if serious problems are found or gives you the ability to renegotiate the purchase price if repairs are needed. An inspection clause can also specify that the seller must fix the problem(s) before you purchase the house.

There isn’t a set number of houses you should see before you decide. Visit as many as it takes to find the one you want. On average, homebuyers see 15 houses before choosing one. Just be sure to communicate often with your real estate agent about everything you’re looking for. It will help avoid wasting your time.

In addition to comparing the home to your minimum requirement and wish lists, you may want to consider the following:

• Is there enough room for both the present and the future?
• Are there enough bedrooms and bathrooms?
• Is the home structurally sound?
• Do the mechanical systems and appliances work?
• Is the yard big enough?
• Do you like the floor plan?
• Will your furniture fit in the space? Is there enough storage space?
• Imagine the home in good weather and bad – will you be happy with it year round?

Take your time and think carefully about each house you see. Ask your real estate agent to point out the pros and cons of each home from a professional standpoint.

The lender considers your debt-to-income ratio, which is a comparison of your gross (pre-tax) income to housing and non-housing expenses. Non-housing expenses include such long-term debts as car or student loan payments, alimony, or child support. The lender also considers cash available for down payment and closing costs, credit history, etc. when determining your maximum loan amount.

The two don’t really compare at all. The one advantage of renting is being generally free of most maintenance responsibilities. But by renting, you lose the chance to build equity, take advantage of tax benefits, and protect yourself against rent increases. Also, you may not be free to decorate without permission and may be at the mercy of the landlord for housing.

Owning a home has many benefits. When you make a mortgage payment, you are building equity. And that’s an investment. Owning a home also qualifies you for tax breaks that assist you in dealing with your new financial responsibilities- like insurance, real estate taxes, and upkeep- which can be substantial. But given the freedom, stability, and security of owning your own home, they are worth it.

You can find out by asking yourself some questions:

• Do I have a steady source of income (usually a job)? Have I been employed on a regular basis for the last 2-3 years? Is my current income reliable?
• Do I have a good record of paying my bills?
• Do I have money saved for a down payment?
• Do I have few outstanding debts, like car payments?
• Do I have the ability to pay a mortgage every month, plus additional costs?

If you can answer “yes” to these questions, you are probably ready to buy your own home.