The Government of Goa on October 12, 2022 has issued amendment to Notification No. 35/4/ 2016-RD dated March 30, 2017 which specifies amendment to Indian Stamp Act, 1899 as in force in the State of Goa.
The following has been amended namely: -
• Clause (i) has been substituted namely: -
“Reduce the stamp duty chargeable on conveyance (not being a transfer charged or exempted under article No. 62) so far as it relates to immovable property, which is presently specified in article 22 (b) of Schedule I-A to the said Act, to the scale as specified hereunder: —
(a) where the amount or value of the consideration for such conveyance as set forth therein exceeds Rs. 600/- but does not exceed rupees fifty lakhs, the stamp duty shall be 3%;
(b) where the amount or value of the consideration for such conveyance as set forth therein exceeds rupees fifty lakhs but does not exceed rupees seventy-five lakhs, the stamp duty shall be 4%”
[Notification No. 35/4/2016-RD]
