Goa Implements New Category-Based Land Valuation System in Taleigao
Govt adopts category-based land valuation in Taleigao
The Times Of India
Image: The Times Of India
The Goa government has introduced a category-based land valuation system in Taleigao, replacing the previous uniform rate system. This new approach assigns different values to land based on location and amenities, aiming to enhance transparency and accuracy in land valuations.
- 01The new system categorizes Taleigao into five zones (A to E) with varying minimum land rates for 2026-27.
- 02Category A plots will have a base rate of ₹30,000 per sqm, while category E plots will be valued at 20% of the lowest rate.
- 03The previous uniform rate system led to inconsistencies and revenue losses, according to government officials.
- 04The new methodology allows for more accurate valuations based on proximity to amenities and services.
- 05Properties up to 500 sqm in certain zones will receive a 30% reduction from the base rate, except for category E.
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The revenue department of Goa has revamped its land valuation methodology, introducing a category-based system in Taleigao as a pilot project. This new approach replaces the previous uniform rate system, which set a single minimum rate for entire villages, often leading to inconsistencies and revenue loss. Under the new system, land in Taleigao is divided into five categories (A, B, C, D, and E), each with distinct minimum rates for the fiscal year 2026-27. Category A plots will have the highest valuation at ₹30,000 per sqm, while category E plots will be valued at 20% of the lowest rate specified for the other categories. This change aims to reflect the varying values of land based on factors such as proximity to the coast, urban centers, and available amenities. The revised rates will also impact stamp duty calculations and are designed to improve transparency and reduce grievances related to land valuation.
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The new valuation system is expected to lead to more accurate land valuations, benefiting local property owners and the government.
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