Stamp-duty on property in Goa increased

In 2008-09 budget, the Goa state government hiked the stamp duty on property from 2 per cent to vary according to the value of the property.

The stamp-duty for properties worth up to Rs. 30 lakh will be 2 per cent. But, if the value increases beyond Rs. 30 lakh and is up to Rs. 50 lakh, there will be an additional duty of Rs. 90,000 or more.

Stamp-duty on property worth above Rs. 50 lakh will be charged 4 per cent, while 5 per cent will be charged on properties worth over Rs. 1crore.