Guideline Value or Fair Value is the minimum price fixed by the Government of Goa, India for registering lands and properties in Goa. Anyone who wants to register their land has to do it according to the guideline value (Buy or Sell or Donate a particular land or property). There is no option to register any land below the fair value. These guideline values are revised periodically according to the facilities and development work done in the area. The types of property or land registration in Goa are classified into agriculture and non-agriculture, residential flat, residential apartment, commercial flat and commercial apartment. The land values are measured in square feet. Mostly, the market value of the land will differ based on its location, but there won’t be changes in guideline value once it is fixed by the government. The land owners can visit nearby SRO to know the fair value provided by the officials.
The officials from the Public Work Department will quote the guideline value. The officials will visit the area and go through the basic amenities provided by the government before fixing the guideline value and tax revision. In case, the government takes over the land or property to convert it as an industrial area or other purpose, the government has to pay the land owner according to the guideline value or more than it was mentioned. Sometimes, it has to pay according to the judgment given by the court. The staff in the Sub Registration Office will follow it while they are registering the lands and properties. It is better to go through the guideline value of any land at any place before buying or selling it. Apart from guideline value, the buyer has to know the taxes charged on the property. It helps the buyer to predict the real value of lands or properties.
|Property type||Minimum Value (Rs.)||Maximum Value (Rs.)|
|Agriculture||150 per square feet||6,500 per square feet|
|Non-Agriculture||100 per square feet||3,500 per square feet|
|Flat/Apartment Commercial||200 per square feet||15,500 per square feet|
|Flat/Apartment Residential||250 per square feet||12,000 per square feet|
On 1 April 2021, the Government of Goa issued the revised minimum base value for lands and built-up properties. The guideline value of land is categorized on the base of construction on land.
|S.No||Category of area||Rate per square meters in gated colony||Rate per square meters in built up area in independent plots|
|1.||Category A||Rs. 50,000 /-||Rs. 40,000 /-|
|2.||Category B||Rs. 40,000 /-||Rs. 35,000 /-|
|3.||Category C||Rs. 35,000 /-||Rs. 30,000 /-|
The cost of land for villas / bungalows on individual plots should be calculated separately based on the market value according to the village or area. For built structures with construction / mud wall has to be assessed as Rs. 15,000/- per m2 of built area and land should be assessed separately. The Portuguese architecture houses should be rated as minimum guideline value at least Rs. 20,000/-. There is no reduction for any mundkarial houses.
|S.No||Category of area||Category of area in gated colony||Rate per square meters in built up area|
|1.||Category A||Commercial premises facing the main / public road which does not include the internal roads in the complex / society on the ground floor.||Rs. 1,50,000 /-|
|Any other commercial premises not facing public road.||Rs. 1,00,000 /-|
|On upper floors.||Rs. 75,000 /-|
|2.||Category B||Commercial premises facing the main / public road which does not include the internal roads in the complex / society on the ground floor.||Rs. 1,00,000 /-|
|Any other commercial premises not facing public road.||Rs. 80,000 /-|
|On upper floors.||Rs. 60,000 /-|
|3.||Category C||Commercial premises facing the main / public road which does not include the internal roads in the complex / society on the ground floor.||Rs. 80,000 /-|
|Any other commercial premises not facing public road.||Rs. 60,000 /-|
|On upper floors.||Rs. 50,000 /-|
The hotels and resorts should be considered as commercial premises. Some structures are used for business purposes, but not considered or part of commercial premises should be valued as Rs. 20,000/- per square meters.
|S.No||Category of area||Nature of industrial unit||Rate per square meters in built up area|
|1.||Category A||Information Technology / IT enable service industry is established IT Parks.||Rs. 60,000 /-|
|2.||Category B||Industrial building with RCC construction.||Rs. 40,000 /-|
|3.||Category C||Industrial shed.||Rs. 20,000 /-|
Goa is one of the popular states in India, it lies in the southwestern coastal part of India. The total land coverage in the state of Goa is 3,702 Km2 which comes around a total of 1429 square miles and Goa is ranked 26th in the state wise.
The following are the % of the lands which has been divided by the usages of the land:-
The procedure followed in the Sub Registrar Office.
Note: Who all are involved in registration must carry their original ID proofs and address proofs at the time of registration.