Antony Projects Pvt Ltd : Chennai

	FAQs
	What is carpet area, built-up area & super built-up area ?
	Carpet Area - This is the area of the apartment / building which does not include the area covered by walls
	Built-up area - The carpet area including walls area.
	Saleable area / Super Built up area - This includes the built up area along with the area under common spaces such as the lobby, lifts, stairs etc.
	What is the maximum allowed percentage of common area ?
	Common areas normally varies from 15% to 25%. We at Antony Projects follow from 15% to 18%.
	Under whose name do i purchase the stamp paper and who pays the stamp duty during transaction of buying and selling ?
	The stamp paper is generally purchased in the name of the executor to the agreement. Generally, the buyer pays the stamp duty unless agreed otherwise.
	How does one get a tax benefit on the loan ?
	There is an eleigbility for certain tax benefits on principal and interest components of a loan under the Income Tax Act, 1961. over, you can get added tax benefits under Sec 88 on repayment of principal amount .
	What is an annual rest ?
	Interest is calculate at annual rests. The effective rate of interest varies depending on the load. For a loan with the term of 15 years, the effective interest rate would be higher by a very small percentage (in terms of fraction) per annum than the indicated rate of interest .
	Do Banks / FIS assist one in selecting property / building / flat of one's own choice ?
	Few Banks have such facility but generally it is customer own choice.

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