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

My comments to replies
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.
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%
30th April 2014

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.
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.
7th June 2016

Q: What are the good projects to buy villa in North Goa?
My comments to replies
Property prices including Villas are more expensive in North Goa as compared to South Goa near Margao. Because of Goa’s tourist interest and serene beauty, a number of developers are selling villas across the state. Heritage Exotica and Riveria Foothills in Arpora are offering good villas between 40 to 50 Lacs while you can also consider Samaraya Villas in Reis Magos which is backed by DLF.
Yes, you can get some villas. Some of the good projects like Heritage Exotica and Riveria Foothills in Arpora are offering good villas between 40 to 50 Lacs.
23rd July 2013

Hi James, another good developer is the Goel Ganga group which offers good value for money although the quantum of their villas is quite small as compared to others. Villas located near the coastline are sold at a premium as most of these are resale. The Goa’s Coastal Regulatory Zone (CRZ) guidelines have banned any construction within 500 meters from the coastal high tide line escalating prices of such villas.
Even i have heard about Goel Ganga group. So far i heard good reviews about this project.
23rd July 2013

Q: Hi can you please share the details about Palolem Hills Project in Goa? Is it worth investing?

My comments to replies
Palome Hills is backed by Eclectic Developers, a wholly owned subsidiary of Urban Infra Nirman Pvt Ltd. The project has been one of the most widely publicized projects in recent times. The best value addition compared to most other new developments in an assured rental of nearly 8% offered by the builder. Located at a distance of nearly 600 meters from the beach Palome Hills can be an attractive holiday home of sorts.
What about rentals in Palome hills ?
23rd July 2013

Hi , I placed a deposit on an apartment almost 2 years ago now and decided last year not to proceed due to the delays . I have written to Axion and Eclectic so many times that I have lost count but never receive a reply to my e-mails . I have also spoken to representatives of Axiom and Eclectic and earlier this year delivered hard copy of an e-mail requesting refund of deposit at the Axiom Offices in Goa . After my last telephone conversation with the Axiom Rep in Calcutta was assured that refund would be made during August 2015 . If this is not forthcoming I should be happy to consider joining in Civil Case being taken by Mr Gupta to recover monies . Radha (UK)
Hello Radha, I can understand your concern. I would like to suggest you to have a thorough discussion with your builder. Also, you can consult a reputed lawyer to know about the legal aspects of the order and further process and also try to analyse what is mentioned in your property agreement, it will be helpful while in further step. Thanks.
25th June 2015

Q: As i have come to know it is actually illegal to sell the SBU but builders are doing it so, which is very disappointing specially for middle class who has to pay hefty loan interest as well, is there any way to avoid paying for SBU ?or if i buy the flat on that rate why should i again be charged for maintenance of the common areas which are sold to me once? why car parking is not included ? in every other country owner of the flat is eligible for one car parking but here it's sold again above all the false charges ,if we do not agree with the terms builder is imposing we will lose the deal and we go through it we will lose our life saving...i'm very disheartened to see such practice shattering the dream of every middle class family to own a house. Kindly some one tell me if it is at all possible to avoid paying 35% extra for the area which is not even usable? or in the other world it is sold to every single flat owner once?

My comments to replies
Hello dear, I will be happy if anybody share me related to my query, I want to know what is the difference between FSI and FAR?
Let us take example that when a development authority states that it allows the floor area on a plot to be a maximum of three times the area of the plot, it would state that allowed FAR = 300 or alternatively FSI = 3 FSI / FAR = (Total covered area on all floors) / Plot area
25th August 2015

What is loading factor? Is loading factor differ from state to state?
Loading factor gives the percentage difference between the carpet area and super built-up area. Loading factor when added to 1 and multiplied by the carpet area gives the super built-up area.It is calculated as: Super built-up area = Carpet area (1+ loading factor)
25th August 2015

Q: what should be taken into consideration in provision of TDS on property?

My replies to this discussion
Hi, According to The Finance Bill 2013, all sale transactions related to transfer of any immovable property, with the consideration amount exceeding Rs 50 lakh demands a tax deduction of about 1 per cent of the transaction amount by the transferee (buyer) at the time of credit or at the time of payment through all mediums.Hi, According to The Finance Bill 2013, all sale transactions related to transfer of any immovable property, with the consideration amount exceeding Rs 50 lakh demands a tax deduction of about 1 per cent of the transaction amount by the transferee (buyer) at the time of credit or at the time of payment through all mediums.
Q: Now a day most of the newspaper is come up with the article that goa is good option for second investment purpose? Is it true really?
My replies to this discussion
Hi all,my concentration in the range of moderate lodging, I further propose to plan a plan to build reasonable houses for the center and low pay amasses on government land recognized for this reason and take up two such lodging plans regardless one year from now.Hi all,my concentration in the range of moderate lodging, I further propose to plan a plan to build reasonable houses for the center and low pay amasses on government land recognized for this reason and take up two such lodging plans regardless one year from now.
Q: The Goa Cabinet today granted formal approval for the Smart City Proposal of Panaji which has been forwarded to the Urban Development Ministry.

My replies to this discussion
But Goa is already amongst the 100 cities shortlisted by the Centre to get funds under Smart City Project. Goa had forwarded its Rs 981.11 crore proposal to the union ministry on December 14, 2015.But Goa is already amongst the 100 cities shortlisted by the Centre to get funds under Smart City Project. Goa had forwarded its Rs 981.11 crore proposal to the union ministry on December 14, 2015.
Hi all, As of now, Corporation of City of Panaji, the local civic body, had drafted the proposal which was approved initially by state high powered committee before forwarding it to the Delhi.Hi all, As of now, Corporation of City of Panaji, the local civic body, had drafted the proposal which was approved initially by state high powered committee before forwarding it to the Delhi.
Q: Tata Housing will invest about Rs 400 crore over the next three years to develop a mid-income housing project in Goa.

My comments to replies
Hi Franklin, For your knowledge, i would like to tell you that this is the 2nd project that the Tata group firm will be developing in that city. About 7-8 yrs ago, it had developed a luxury project comprising 65 villas. But this time company will develop about 650 housing units on a 7-acre land parcel in Goa.
Hi Jerome, Thanks for the information. I knew it. The company is already developing housing projects in Kasauli (Himachal Pradesh), Lonavala (near Mumbai) and Talegaon (near Pune) targeting buyers looking for 2nd home.
8th February 2016

Hi Mark, As far as this project is concerned, it will have 250 units in the phase-1 with a starting price of Rs 35 lakh. The construction work has already started and the company is targeting to complete the entire project in 3 yrs as it would be low-rise towers.
hello Lewin, I also heard that Tata Housing is looking to enter Noida property market and is in discussions with four local builders, including Logix group and Lotus Greens, to form a joint venture for the development of a housing project. It is developing 4 projects in Gurgaon too.
8th February 2016

Q: Hello, can someone advice? My mother in law owned an appartment in Goa.Three years ago we bought it from her and paid cash . we didnot change the property name at that moment. we are now looking to transfer the property to our name. we were informed that we could avoid all expenses if she makes an inheritance will stating that the property will pass on to us at the time of her death, Is this so? IF NOT what are the current percentages of taxes, registeration etc we will have to pay? is it an easy process or should we hire a lawyer, to take care of this since we live in mumbai? thanks in advance
My replies to this discussion
Hi! Documents required by the seller at time time of property registration:- The seller must have the basic title document like Sale Deed, Gift Deed, Will or Court Succession proceedings to prove his title. The recitals, if any in the Sale Deed may indicate the flow of title primafacie. Also survey record Form I & XIV for village property card for cities to confirm lawful and physical possession is a must.Hi! Documents required by the seller at time time of property registration:- The seller must have the basic title document like Sale Deed, Gift Deed, Will or Court Succession proceedings to prove his title. The recitals, if any in the Sale Deed may indicate the flow of title primafacie. Also survey record Form I & XIV for village property card for cities to confirm lawful and physical possession is a must.
Q: WHAT ARE THE % CHARGED ON COST WHILE BUYING FLAT AS STAMP DUTY AND REGISTRATION IN GOA, IS THERE ANY CONCESSION ON FEMALE BUYER?
My replies to this discussion
Hi Santosh, Registration fees and Stamp Duty in Goa for a sale deed amount of up to 50 lakh, the government charges 5.5% i.e.3.5% as stamp duty and 2% for registration charges.Hi Santosh, Registration fees and Stamp Duty in Goa for a sale deed amount of up to 50 lakh, the government charges 5.5% i.e.3.5% as stamp duty and 2% for registration charges.
Q: Hi, I have purchased a new flat at Marcel, Candola.I want to make a sale deed. Kindly help me with the sale deed and registration charges. I have already made the sale agreement and registered it. Regards Edwin
My replies to this discussion
Yes, and 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.Yes, and 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.
Q: Layout plan & location seems to be good. Price has increased tremendously over last couple of years. My cousin bought a property here at almost half the price, way back. Looking forward for this property as Acme is a good brand.

My replies to this discussion
Hi all!!! What is the current price per square feet is going on in Acme Avenue? And when will be the expected date of possession? How is the locality and connectivity of Kandivali West?Hi all!!! What is the current price per square feet is going on in Acme Avenue? And when will be the expected date of possession? How is the locality and connectivity of Kandivali West?
My replies to this discussion
Hi Mahesh, The average property rate for all property types is Rs.51000 per sq-mt. in Mangueshi. And you have to pay 7% as stamp duty and 1% registration charges in Goa to buy a property.Hi Mahesh, The average property rate for all property types is Rs.51000 per sq-mt. in Mangueshi. And you have to pay 7% as stamp duty and 1% registration charges in Goa to buy a property.
Q: Dear All, My parents passed away about 2 years ago. And now I need to put the property on my name. The shares certificate is already done. but the actual process, what do I need to do? This property is based in Panaji. Thanks for any assistance! regards
My replies to this discussion
Hello Darryl, No Outstanding Certificate for the premises may be required before you apply for the mutation of property. In case of inherited property, affidavit and the original Death Certificate (in case of death of property owner) along with last tax paid receipt, Attested copy of the sale transaction deed, No Objection Certificate will be required. You can submit the duly filled Mutation form with required document for the change of the title ownership. Mutation of property of enables the municipal authority to update their property tax record with right property owner and issue proper tax documents.Hello Darryl, No Outstanding Certificate for the premises may be required before you apply for the mutation of property. In case of inherited property, affidavit and the original Death Certificate (in case of death of property owner) along with last tax paid receipt, Attested copy of the sale transaction deed, No Objection Certificate will be required. You can submit the duly filled Mutation form with required document for the change of the title ownership. Mutation of property of enables the municipal authority to update their property tax record with right property owner and issue proper tax documents.
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