Stamp Duty on Super Built up Area or Built Up Area?

Q: 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

Property Tax in Goa

stamp duty and registration charges in goa

stamp duty in goa

registration charges in goa

property tax in goa

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It is mandatory to pay stamp duty as per the stamp duty valuation fixed by the Registrar of your area under the stamp duty act of your state. Currently, stamp duty is 7% and registration Charges are over & above Stamp Duty and is levied @ 1% of Total Property Value as per sale deed.

Franklin, Goa

6th April 2017

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In case of independent house, some states take into consideration the total constructed area for the calculation of the stamp duty and the registration charges. While in case of apartments, super built-up area is considered for the calculation.

James Desouza, Goa

6th April 2017

Hi Tahil,
Stamp duty and registration charges are calculated based on the saleable value of property. Before proceeding further, let us understand the new terminology called “GUIDANCE VALUE“. It is the value declared by respective state government for each area of the state. Below this value, registration of selling is not allowed. So the saleable value equals to guidance value or actual saleable value (whichever is higher).
Similarly, Sale deed, monetary value and stamp duty and registration charges will be mentioned and charged accordingly.

James Desouza, Goa

6th April 2017

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