SBI Home Loan – Sale Deed at Government Guidance

POSTED BY jain21akshay ON February 21, 2014 9:41 am COMMENTS (8)


I am planning to take house loan from SBI. They give loan upto 80% of the Agreement of Sale. They require the Sale Deed to be of the same value as Agreement of Sale and not on the government guidance (which is generally much lower then the actual price paid).

Now If my loam amount is only 50% of the Agreement of Sale then can I get the Sale Deed as per government guidance. Then the loan amount will be below 80% of the Sale Deed done as per government guidance.


– My loan eligibility based on my income: 70 lacs

– Agreement of Sale: 62.50 lacs

– My loan eligibility as per property price (80% of AOS): 50 lacs

– Loan Applied for: 35 lacs (56% of AoS)

Here as my loan amount is much below my eligibility as per the property so can I get the Sale Deed done at amount lower then the AOS (say, at 43 lacs). My loan amount will still be below 80% of the Sale Deed done at govt. guidance .



8 replies on this article “SBI Home Loan – Sale Deed at Government Guidance”

  1. pavan says:

    If the property is under construction property and have already taken the loan as per the sale agreement and now if i want to register as per the guidance value. will the SBI agree to it and the amount i have got as loan will be less than 80% of the guidance value also

    1. Hi pavan

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that


  2. ashalanshu says:

    Dear Akshay, yes you can do that. I mean registration @ 2300 Rs. rate and accordingly you ‘ll get loan for 2300*80% rate.

    Please collect the payment receipt from the builders for the 900 Rs. rate that you are paying directly. Personally I w’d prefer the property to be registered at 3200 Rs. rate to avoid any future problem from tax authorities.



  3. jain21akshay says:

    Dear Ashal,

    Can you please share your valuable feedback on my queries?

    Thanks & Regards,

  4. jain21akshay says:

    Hi Ashal,

    Thanks a lot. I hope now SBI agrees for this.

    1. Currently Govt. Guidance is 1800 per sq. ft. and I have paid 3200 per sq. ft. Can I get registration at 2300 per sq. ft.? so that my loan amount is 80% of the registered sale deed (done @ 2300 per sq. ft.)

    2. For the remaining amount paid to the builder (i.e. 900 per sq. ft. (3200 minus 2300)) do I need to do anything? I mean any kind of documentation or Agreement of Sale is good enough proof that funds were used for purchase of property.


  5. ashalanshu says:

    Dear Akshay, if you are ready to accept the Capital Gain thing, no issue. Please opt for Govt. guidance value registration and accordingly the loan ‘ll be 80% of govt. guidance value.



  6. jain21akshay says:

    Hi Ashal,

    Thanks for your response. On registering the property at Govt. Guidance value I will saving around 1.7 lacs. I have been told 95% of registration happen at Govt. Guidance value.

    W.r.t. the loss in this – I understand that later when I sell this property I will be liable for higher capital gain tax. But again here if I re-invest the CG then I can avoid that.

    Please let me know if my understanding is wrong or if I am missing some thing.

    Your inputs are highly appreciated.


  7. ashalanshu says:

    Dear Akshay, what benefit ‘ll you get if you register the property at Govt. Guidance value? On the other hand are you aware of your loss for doing the same?



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