Buyers often combine statutory closing costs with furniture and renovation, then underestimate the cash needed on registration day. Create two budgets: mandatory transaction costs and optional post-purchase spending. The first must be fully funded before you commit to the second.
Recheck charges when the transaction changes
Adding or removing a co-owner, changing the property value, or buying from a non-resident seller can alter tax or documentation obligations. Recalculate before final execution rather than using the estimate prepared at booking.
Do not pay large statutory amounts through unofficial intermediaries
Use authorised payment channels and retain official receipts. If a broker collects money “for stamp duty”, verify the final government receipt and amount.
Plan document storage
Scan registered deed, payment receipts, tax documents and possession papers, but also preserve originals securely. These records may be needed many years later during sale, inheritance or refinancing.
A good closing budget is conservative: it includes the known statutory costs, a small contingency for transaction-related surprises and enough post-registration liquidity that the first EMI does not arrive into an empty bank account.