What Are The Benefits Of Owning A Property Jointly By A Married Couple

Real estate experts always recommend owning the new home, apartments in Calicut jointly by the married couple as the joint ownership offers many advantages over the single ownership on the property. The most important advantages of joint ownership on the property with your spouse are

•    Loan Eligibility

As the total income of the applicant is a crucial factor in determining his loan eligibility, with a joint home loan you can avail a higher loan amount to finance the property purchase.

•    Tax benefits

In the case of a joint home loan, each borrower can avail tax deduction on both the principal and interest amount under the income –tax act.

•    Stamp duty benefits for women

As an effort for women empowerment, many state governments offer low stamp duty charges for women buyers. By owning the property, luxury flats in Calicut, jointly you can get this reduction on the stamp duty.

•    Succession

The succession process is much easier and simpler in the case of jointly owned property.

Enjoy these benefits by owning the property jointly.

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