how much stamp duty is paid on agreement for sale and sale deed? is it 50% of the value of the flat or on an agmt valu?

priyanka, Goa

16th February 2017

Property Tax in Goa

stamp duty in goa

registration charges in goa

property tax in goa

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Hi. I am buying a Villa in Goa in a gated community hence please advice the below:
1) Whether the sale deed should mention the Built up or the Super Built up area. And should the monetary value mentioned on deed thereof be super built up or built up.
2) Also pls advice if Stamp Duty and Registration is payable on Built up or Super Built up area.
Thanks

Tahil Mascarenhas,

29th March 2017

Comment

Heloo Priyanka!
Stamp duty and registration fee applicable in Goa:- 1) Stamp duty structure under Goa Stamp Act is as follows:
a) Consideration Stamp Duty Rupees:- 2500000-5000000= 3%, 5000000-10000000:- 4%, Above Rs. 1 crore:- 5% and, B) Registration fee: 2% on the consideration.

Maxwell, Goa

23rd February 2017

Comment

Ok. Bt for example if for my apartment total stamp duty comes to 100000. Bt at the time of agreement for sale i am making only a part payment. Then out of tht 100000 stamp duty hw much i will be paying at the time of agreement for sale

priyanka, Goa

27th February 2017

Hello Priyanka!!
Last year, state government has reduced the stamp duty charges on executing sale deed of residential flats and homes. Now, people have to pay only 0.6% stamp duty if they have already executed the sale agreement.

Maxwell, Goa

23rd February 2017

Comment

Yes, i agree with Maxwell. For a apartments or Villas that cost a maximum of 50 Lakh the stamp duty payable would be 35 for every thousand rupees. Where the amount or value of the consideration for such conveyance as set forth therein exceeds 50 lakh, but does not exceed 75 lakh, for every 1000 or part thereof, the stamp duty shall be 40. If the value of property exceeds 75 lakh but does not exceed 1 crore, for every 1000 the stamp duty will be 45 and if the value of the property exceeds 1 crore, for every 1000 the government will charge a stamp duty of 50.

Franklin, Goa

23rd February 2017