Registration fees and stamp duty in Goa in 2023

Goa’s breathtaking scenery and stunning beaches make it the perfect destination for a holiday. Additionally, this state is the ideal location for owning a home or investing in real estate. However, purchasing a home is a challenging task. It entails a great deal of taxing and paperwork. Following your purchase, you must register your property by the Registration Act of 1908. To finalize the procedure, you also need to pay the state-imposed taxes of stamp duty and registration fees in Goa, which gives the property document legal status. This article will examine the registration procedure, stamp duty, and registration fees in Goa, as well as the payment options for these fees. 

Stamp Duty Act of Goa 

Section 3 of the Indian Stamp Duty Act 1899 directs the state government to levy stamp duty. In addition to increasing government revenue, the stamp duty in Goa gives the document legal status. To legally register the property, payment of stamp duty is required. If the charges are not paid, there is a penalty of up to 200 percent of the initial sum. 

In Goa, the circle rate of the region determines the stamp duty; the state government sets these rates. The owner’s age, gender, location of the property, amenities provided, and kind of property are all factors that influence the circle rates. Due to the high circle for a prime location, stamp duty charges will be higher for that particular property. It is important to note that stamp duty depends on the market value of the property. Like this, not all states grant women a discount on stamp duty; Goa is an exception. 

Stamp Duty and Registration Fees 

In contrast to other states, Goa levies stamp duty and registration fees based on the property’s market value. In states like Punjab and Uttar Pradesh, stamp duty rates for men are the same regardless of the property’s value.

The following are the stamp duty and registration fees in Goa in 2022: 

Market ValueRegistration charges in GoaStamp Duty in Goa 
Upto Rs 50 Lakhs 3%3.5%
Above Rs 50 lakhs up to Rs 75 lakhs  3%4.5%
Above Rs 75 lakhs up to Rs 1 crore 3.5%5%
Above one crore3.5%5%
More than Rs 5 crore3.5%6%
Contract for sale 3%2.9%
Act of Correction Rs 500Rs 500
Conveyance Deed in Housing Co. Op. Societies’ Favor 1.5%3%

Goa Stamp Duty Calculated with AI

Goa computes stamp duty using the National Generic Document Registration System (NGDRS). Following Andaman & Nicobar, Punjab, and Manipur, it is the fourth state to adopt NGDRS. 

The Goan state government posts the market price of each land parcel on the sub-registrar portal to facilitate the execution of deeds of sale for individual parcels. 

This data will be used by an artificial intelligence (AI) system to calculate the amount of stamp duty that must paid. For every survey number, the revenue department will calculate the land price and update it on the portal. 

  • The stamp duty process will be quicker and more effective thanks to the AI system, which will minimize human intervention. 
  • Every year, the AI system will update the rate based on suggestions made by the revenue department. 

How Can I Pay Goa Stamp Duty?

The registration process requires the payment stamp duty using the methods below. 

  • Buying stamp paper: In Goa, this is the most popular and practical method of paying stamp duty. An authorized individual can sell you a stamp paper that contains all the information about the real estate transaction. You must turn in the stamp paper to the sub-registrar in the state registration department within four months of the date of issuance. 
  • By franking, both parties sign a property agreement on a plain. Subsequently, the authorized bank receives the agreement and documents it further using a franking machine. Also, banks charge franking charges. Generally, franking charges are 0.1% of the property value. 
  • E-Stamping: By going to the Document Registration website in Goa, stamp duty fees may be paid via the Internet. The website calculates the stamp duty, payable with a debit card, credit card, or net banking facility. 

Apartments in Goa for Rent

Goa is a popular tourist destination, and the state’s real estate prices have risen in recent years due to increased demand from locals and foreigners. However, the Goa market can be volatile, with prices fluctuating depending on various factors such as the state of the economy, changes in tourist demand, and shifts in the local market. 

Additionally, when renting an apartment in Goa, there are often legal and regulatory issues to think about, such as obtaining permits and paying taxes. Overall, Goa can be an excellent place to rent, but it’s critical to conduct thorough research and consider all the factors mentioned before deciding. 

Whether renting an apartment in Goa or an experienced one, renting a property in this area can provide numerous benefits: you will enjoy white sand beaches to explore, colorful festivals that fill the streets, and an exciting nightlife scene with nightclubs and shacks along its coastline strip. All of this is in India’s smallest state! This article covers these incredible benefits, so keep reading about why renting a home in Goa makes so much sense. 

Benefits of renting an apartment in Goa 

There are several advantages of renting an apartment while visiting Goa with family and friends, including: 

  • Renting an apartment gives you and your family more privacy than staying in a hotel. You can enjoy your privacy without worrying about other guests or people nearby. 
  • Saving money: Renting an apartment can be less expensive than staying in a hotel, especially for a large group. 
  • Renting an apartment allows you to experience a more local and authentic side of Goa. You can prepare your meals, relax in your own space, and enjoy the comforts of home. 
  • There is more flexibility in meal times, sleeping arrangements, and daily routines. 
  • More space: Compared to a hotel room, renting an apartment provides more space, which can be important for families or groups of friends traveling together. 

Before deciding to act, conduct extensive research on the property and neighborhood and the availability of amenities and services in the area. 

How are Goa Flats Apartments different from other apartments? 

Apartments in Goa are different from typical flats. They have something unique that distinguishes them from other apartments in the city. 

These apartments include everything you could want and more. Here are some of the most vital features that distinguish Goa Apartments from other apartments: 

  • Well-maintained and well-groomed homes are often meticulously cared for and maintained, resulting in an impeccable appearance. 
  • Exclusive and unbeatable offers- You will not find anything better on the market than what these apartment complexes have to offer. Not to mention that they frequently sell at much lower prices than other apartments in the city. 

Why should you rent an apartment in Goa? 

A Goa flats apartment might be of interest to someone for a variety of reasons. Some people may just be looking for a new place to live, whereas others may be interested in renting an apartment in one of India’s most popular tourist destinations. Whatever the reason, there are a few things to consider when looking for Goa apartments. 

First and foremost, Goa flats are one of the most affordable places to live in India. As a result, they are not subject to monthly rent payments like other apartments in major cities. Second Goa, flats have every amenity that individuals want or need to live comfortably. 

It includes air conditioning, electricity, and water meters, all billed monthly. 

Goa CM cuts infrastructure tax by 30% to revive real estate


PORVORIM– Pramod Savant, Goa CM on Wednesday announced a cut in infrastructure tax. He said that in an attempt to revive real estate, the infrastructure tax levied on the construction sector will be reduced by 30% over a period of six months starting from 1 April 2021.

The CM also proposes to extend the online building plan approval management system for apartment buildings, commercial buildings and industrial buildings.

The TCP department is about to propose different rules and strategies. These rules will help for implementing transferable building rights provisions for the acquisition of much-needed land taxes, public projects and to preserve cultural heritage structures.

Nilesh Salkar, Credai president said:- We are pleased that our appeals to the government received a positive response. The steps outlined by the CM in the budget speech will definitely strengthen the morale of our sector.

Words from CM-

The problem of double taxation in registration fees and stamp duty will also be simplified. This will be beneficial for the housing construction sector and also reduce their financial difficulties. Several major improvements in the functioning of the Planning and Development Authorities will also be introduced. Further, Notary engineers and Notary architects assigned to provide third-party certification for low-risk projects. Certification by these professionals considered valid by TCP for issuing technical approvals and execution orders.

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