Jan 30 – Goa govt has constituted a 15 member Committee to determine, analyze and revise the circle rates and built up rates of properties in the state. A 10 member Sub-Committee has also been constituted to assist the Committee in studying various land parameters for determination of circle rate and built up rate. Both Committee shall be in force for a period of two years. The committees are tasked with carrying out the analysis of the current market trends/rate and propose the revised circle rate for land, suggest the mechanism for periodical revision of rates, Suggest ways to improve the revenue mobilization/collection of State Government, Suggestions on how to carry out ease of doing business in Registration Department and also suggest guidelines/formulas for calculations of rates for land building etc. of different kind (ready reckoner).
