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Substantial Increase in Goa Land Rates
|Monday, 08 April 2013 03:20, Editor|
Planning to buy land in Goa? Recently, an order was issued by the state government through which the land rates in Goa for 2013-2014 have been increased. Read on for more details.
If you have been thinking to buy a plot of land in Goa to build your dream home, you might have to shell out more money. According to an order issued recently, the state government has increased the land rates in Goa substantially.
The new rates will be coming into effect from January 1st 2013 to December 31st 2014. This order was issued by the government under the sub-rule (3) of Rule 4 of the Goa Stamp (Determination of True Market Value of Property) Rules, 2003.
How much has been increased?
In urban areas of Tiswadi Taluka (especially in Panaji City part l) rates of Goa land have been increased from 2500 to 5000 per square meter in ward number 1, 2, 7 to 16. In part ll (ward number 17 and 18), rates of land have been hiked from 1500 to 3000 per square meter.
In Bardez Taluka, land in ward number 2 and 5 to 13 will sold at 4000 per square meter instead of 1500 earlier. In ward number 1, 3, 4, Goa land rates have been increased from 1000 to 2500 per square meter.
Land rates in developing areas of Taleigao and Durgawadi have gone up from 2000 to 4000 per square meter. If you want to buy land in areas like Corlim, Bambolim, Chimbel, Calapur, Cramboli, Baiguinim, you will now have to pay 3000 per square meter instead of 500.
For land buyers in rural areas such as Capao, rates have gone up from 100 to 500 whereas in Batim, Carai and Ambarim, prices have gone up from 200 to 1000.
Land rates in Goa have even gone up in three different parts of Margao City of Salcette, developing areas of Navelim, Aquem and Nuvem.
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