Daijiworld Media Network
Panaji, Jun 20: The government has hiked property registration fee by 0.5% to 1% in the affordable segment—Rs 50 lac to Rs 75 lac bracket hoping to increase its falling revenue.
Citizens will have to pay up to Rs 74,000 more, depending on the market value of the property, for registering their properties.
Credai-Goa president Nilesh Salkar said “Effectively, it means that customers buying a flat valued below Rs 75 lakh will now pay an additional 1% towards registration.”
The state government’s move comes at a time when the real estate sector is facing a severe slump in demand for flats and apartments.