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1. The amount you pay as stamp duty when you buy a house, and the amount you pay for the registration of the documents of the house can be claimed as deduction under section 80C (Max Rs 100000/-in the year of purchase)

2. 80C deduction towards loan (principal component) repayment can be claimed only if the loan is taken from following authorities:

(a) any instalment or part payment of the amount due under any self-financing or other scheme of any development authority, housing board or other authority engaged in the construction and sale of house property on ownership basis; or

(b) any instalment or part payment of the amount due to any company or co-operative society of which the assessee is a shareholder or member towards the cost of the house property allotted to him; or

(c) repayment of the amount borrowed by the assessee from—

(1) the Central Government or any State Government, or

(2) any bank, including a co-operative bank, or

(3) the Life Insurance Corporation, or

(4) the National Housing Bank, or

(5) any public company formed and registered in India with the main object of carrying on the business of providing long-term finance for construction or purchase of houses in India for residential purposes which is eligible for deduction under clause (viii) of sub-section (1) of section 36, or

(6) any company in which the public are substantially interested or any co-operative society, where such company or co-operative society is engaged in the business of financing the construction of houses, or

(7) the assessee’s employer where such employer is an authority or a board or a corporation or any other body established or constituted under a Central or State Act, or

(8) the assessee’s employer where such employer is a public company or a public sector company or a university established by law or a college affiliated to such university or a local authority or a co-operative society.

3. 80EE deduction can be claimed only if the interest is paid to a financial institution( Bank or Hsg finance co). Ofcourse there are a lot of other conditions to claim deduction under this section.

4. Section 24 housing loan interest deduction of upto Rs 150000/- can be claimed (in my view)

5. If loans are provided by the employer at a rate which is less than the interest rate charged by the State Bank of India (SBI), the extent of “concession” is a benefit which is taxable as perquisite  (Salary Income)

So, considering all the facts take your decision..but remember to deduct TDS @ 1% if the property value exceeds 50lakhs.