Formula:
The total cost for property registration in Goa involves two main components:
- Stamp Duty: A percentage of the property's market value or agreement value, whichever is higher. This rate varies based on the property value slab.
- Registration Fee: Typically 1% of the property value, subject to a maximum cap.
The calculation is as follows:
Stamp Duty = (Property Value × Applicable Stamp Duty Rate)
Registration Fee = (Property Value × 1%) (capped at a maximum amount)
Total Property Registration Cost = Stamp Duty + Registration Fee