Digital Goa, Feb 28 – New Property Buyers in Housing Co-operative Societies will now have to pay 2% of the value of the plot or dwelling unit as premium to the housing society. Out of this premium collected from the buyers, housing societies will have to pay Rs 10,000 to government while transferring the shares and occupancy rights of a plot of land, housing unit or commercial unit. Govt has issued the final notification to this effect on Feb 26. The draft of the rules was notified on Jan 29,2024 and govt had sought feedback in this regards within 15 days. No changes have been made to the draft and the same has been notified as final Goa Co-operative Societies (Fifth Amendment) Rules, 2024. The amount of Rs 10,000 has to be deposited by the housing society through an echallan directly into the government treasury within 15 days of the purchase paying the premium amount. The e-receipt has to be submitted to the registrar. “If the society fails to deposit the amount in the government treasury, such amount shall be recovered by the registrar of cooperative societies from the society, along with interest at the rate of 4% as an arrears of land revenue,” said the notification.
Final Notification https://goaprintingpress.gov.in/downloads/2324/2324-47-SI-EOG-2.pdf
