Registration and stamp duty charges in Goa

Q: What are the present property registration and stamp duty charges in Goa?

Maxwell, Goa

19th July 2013

Property Tax in Goa

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Replies (12)

Plz let me know the Registartion fee & if any other fee for Purchase of Flat in Goa

SANJAY NAIK, Goa

1st September 2018

Comment

goodday...
iam planning to buy 2nd hand flat which is 35 years old what will be the sale deed charges or what are the legal charges i have to pay. kindly reply. thanks

michele, Goa

10th September 2016

Comment

Hi all,
Hi friends,
The payment of Stamp Duty is split between that payable at the time of the Agreement of Sale and that at the time of the Deed of Sale. At the time of Agreement for Sale : 2.9%
a) If the base amount is INR 50,00,000 (Rs Fifty Lakhs Only) and INR 75,00,000 (Rs Seventy Five Lakhs Only) and INR 1,00,00,000 (Rs One Crore Only)
At the time of Sale Deed : 2.1%

Maxwell, Goa

7th June 2016

Comment

Similarly Registration Charges splits:-
a) If the base amount is INR 25,00,000 and INR 50,00,000 and INR 75,00,000 and INR 1,00,00,000
At the time of Sale Deed : 4%

Leena, Goa

7th June 2016

Good evening everybody!!!
In order to provide relief and to protect the interest of the members of the Co-operative Housing Society, Goa Govt. has proposed to rationalize the stamp duty in favour of Co-operative Housing Society to pay only 0.6% stamp duty to the members or purchasers of units, who have already executed the agreement of sale as per the Stamp Act.

Maxwell, Goa

7th June 2016

Comment

Yes, and further they proposed to levy a processing fee of Rs.5000 on application made by Foreign Nationals of Non-Indian Origin, for seeking permission for sale or purchase of property before the Committee constituted under FEMA and further charge a fee of Rs.1,000 of any NoC or Letter issued by the Committee.

Mark, Goa

7th June 2016

Maxwell
I want to sell flat. What will be the charges I needed to pay and what are the documents I have to submit to buyer for registration

Paresh Khobrekar,

24th March 2016

Comment

Hey Paresh, Have you register the property? if not then the second buyer can register the property.

You can check the link for further details: https://www.goa.gov.in/howdoi/landproperty.html

V. Victor,

18th April 2016

You can call on this toll free number (1800) (180) (180) (180) Or List your property for sale at List property for sale to find right buyer

Rubiya,

18th April 2016

Hi Leena i had purchased my flat in candolim in 2005 and did not pay either stamp duty fees and registration fees now the builder is asking to pay him stamp duty Rs. 66510/- cheque..... and registration fees Rs. 38500/- (2% need help please advice

vincent pereira, Mumbai

14th October 2015

Comment

Hi Vincent, stamp duty is payable against the property you have purchased. It is the govt. charges and you have to pay... yes, of course, you should know the percentage rate charged.

akhilesh pal,

28th October 2015

I will be happy if anybody share me related to my query. How is the stamp duty calculated in Goa?

Maxwell, Goa

5th October 2015

Comment

Hi Max, Follow this to calculate ST. The payment is split between that payable at the time of the Ägreement for Sale” and that at the time of the “Deed of Sale

At the time of Agreement for Sale : 2.9%

a) If the base amount is < INR 50,00,000 (Rs Fifty Lakhs Only) :
At the time of Sale Deed : 0.6%
b) If the base amount is > INR 50,00,000 (Rs Fifty Lakhs Only) and < INR 75,00,000 (Rs Seventy Five Lakhs Only)
At the time of Sale Deed : 1.1%
c) If the base amount is > INR 75,00,000 (Rs Seventy Five Lakhs Only) and < INR 100,00,000 (Rs One Crore Only)
At the time of Sale Deed : 1.6%
d) If the base amount is > INR 1,00,00,000 (Rs One Crore Only)
At the time of Sale Deed : 2.1%

V. Victor,

5th October 2015

hello, can u roughly tell me how much i will have to pay extra if i am buying resale flat of value 35 lakhs? 8 year old building in vasco goa

Gaurish Naik,

13th February 2016

Hey Gaurish, the price depends on which locality you are planning to buy and secondly wht do you have to pay extra if you are buying a resale property.

V. Victor,

18th April 2016

Hi,
Which are the other grey areas before the Real Estate developers in Goa those need quick attention for redressal? What are the recommendations of CREDAI-Goa to the Govt.?

pradyumanapte, Mumbai

5th March 2015

Comment

Oversupply, high interest rates and sluggish economic growth have not been able to pull down the residential prices. The real estate inventory has been gathered in heaps for long and will take months to clear the existing stock at the prevalent absorption rate. Builders are very cautious and are launching new projects carefully. The availability of fundamental construction materials like stone aggregate, sand and bricks is crucial for the quality and timely construction of projects.

Mansoor Bithal, Mumbai

5th March 2015

At the same time single window clearance delay in approvals from the concerned authorities is one of the major reasons behind many project delays. The sector is looking for more restructuring in the form of single window clearance and granting infrastructure status to further boost the real estate sector.

Ketalpujara, Mumbai

5th March 2015

what is the purpose of stamp duty?

James Desouza, Goa

15th September 2014

Comment

The purpose of stamp duty is to raise revenue for the local governments. Additionally, payment of stamp duty imparts legality to the document and this can be submitted as an authentic document in courts.

Maxwell, Goa

15th September 2014

It is mandatory to Pay Stamp Duty as per as the stamp duty valuation fixed by the Registrar of your area under the stamp duty act of your state. Registration Charges are over & above Stamp Duty and is levied @1 % of total property value as per sale deed.

Ketalpujara, Mumbai

5th March 2015

Yes the above user has pretty much answered the question in totality. As of today the Stamp Duty and registration charges for property in Goa are currently a total of 4% of the total value of the residential property. To avoid any unnecessary hassles I advise you to be personally present in Goa for signing the Agreement of Sale and Sale Deed and registration of these legal documents. However if this is just not possible, you may appoint a Power of Attorney to sign and register the documents on your behalf.

Franklin, Goa

23rd July 2013

Comment

Usually 50% of the registration and stamp duty charges are to be paid at time of the Agreement of Sale and the balance at the time of Sale Deed.

Leena, Goa

23rd July 2013

Thank you all for the information. This would be very helpful for me :)

Maxwell, Goa

23rd July 2013

Hello Maxwell, the rules for stamp duty and registration fee are not fixed and keep on changing as per the local state governments. As of now Realty Goa's Sourcing & Coordination Fees of 2% + Govt. Service Tax is also to be paid by the client. Overall Stamp Duty and registration charges for property in Goa are currently a total of 4% of the total value of the residential property.

James Desouza, Goa

23rd July 2013

Comment

Thanks James for the reply :)

Maxwell, Goa

23rd July 2013

Hey Everyone!! Recently the government of Goa has revised the stamp duty and the registration charges. Now the stamp duty is 7% and registration charges is 1%

Mark, Goa

30th April 2014

Stamp duty and registration fees are part of title transfer process, without which the buyer has no legal title to the property. If you are a non resident Indian or an overseas buyer I advise you to kindly check with your builder and developer for the exact fee and registration charges. Most good builders offer free services to clients who are not familiar with the local registration process.

Leena, Goa

23rd July 2013

Comment