What are the taxes that I need to pay before buying a property?

The buyer needs to pay the following taxes:

TDS or tax deduction at source on amount exceeding Rs 50 lakhs for the purchase of property excluding agricultural land.

Stamp duty

Service Tax - Applicable if the property is being purchased from the builder who conceived and constructed the project before offering possession to the buyer. If a `ready to move in' property is purchased from the seller, service tax is not applicable.

Value Added Tax (VAT) - If applicable in the concerned state.