To support the depleting revenue, the Goa Government has increased the property registration fee by 0.5% to 1% in the segment of Rs 50 lakh to Rs 75 lakh.
People buying property now have to pay Rs. 74,000 more depending on the market value of the property for the registry of their sale deeds. The notification issued by the law department requires the property buyers to pay 3% of the market of the property while registering the sale deed where the property value doest exceed 75 lakhs.
Currently, the rates for registration up to Rs 50 lakh is 2 % and above Rs. 50 lakh to Rs. 75 lakh is 2.5%.