Regarding section 80ee

Not applicable on following point

"(ii)  the amount of loan sanctioned for acquisition of the residential house property does not exceed thirty-five lakh rupees;"

1. In order to claim deductions, u/s 80EE loan should have been obtained before 31.03.2017. 
2. All other conditions specified by you are satisfied. Make sure the loan got sanctioned before 31.03.2017. 
3. Only the interest amount can be claimed as deductions u/s 80EE and not the principal portion. 
Please correct me if the above solution has an alternative view. 

I am confused here,

Mr. Dhirajlal Sir, telling sanctioned loan should be less than 35 Lakh and Mr. Suresh Sir telling it is possible to claim if current loan is below 35Lakh.

Also I can claim this amount till Home loan closure ?

Please reply.

Yes, The loan amount should not exceed Rs.35 lakhs and it should be sanctioned in FY 2016-17.The Assessee can claim deduction only on interest. The amount deduction shall be the interest payable or Rs 50,000,whichever is less.