Panaji: After increasing the minimum price of land in five talukas GoaThe state government will now implement a circle rate. It is the minimum price of land for a specific area within a village, town or city.
The minimum land price applies to the entire village, but the circle rate is a different minimum land price for specific areas of that village.
“We will soon bring in the circle rate for land,” Revenue Minister Atanasio ‘Babush’ Monserrate said. times of IndiaMonserrate explained that the minimum price of land is for the entire village, but the same village may have different characteristics, and depending on that, the price of land within the same village may vary.
“The circle rate will specify the minimum price of land in that village depending on the nature of the location in that village,” Monserrate said. “If a plot in the village touches the beach, its circle price will be different. Another plot could be inside the village, and have a separate circle rate, which is in line with the minimum price of land today.”
The state government has increased the minimum price of land in talukas, including the capital city, the port city and the commercial capital – Tiswadi. Mormugaoand Salsette – and the coastal belt talukas of Bardez and Pernem.
As the government increased the minimum land price for Tiswadi, Mormugao and Salcete talukas, prices in Panaji increased by more than 300%.
The minimum price in Tiswadi ranges between Rs 5,000 per square meter to Rs 25,000 per square meter. In Salcete, prices range between Rs 5,000 to Rs 20,000, and in Mormugao, the minimum land rates range from Rs 8,000 to Rs 25,000.
Monserrate said he has received a representation from the builders of Mormugao to revise the minimum land price in Mormugao taluka. He asked the builders to tell him specific demands and he would discuss them in a meeting next week.
In September, rising demand for land in Pernem and Bardez talukas prompted the government to sharply increase minimum land prices, with rates rising by as much as 400% in the taluka’s coveted coastal area. Rates were revised downwards, with prices reaching Rs 25,000 per square meter in Bardez.
The minimum land rates in Pernem taluka will range between Rs 1,500 per square meter, going up to Rs 15,000 per square meter. In Bardez taluka, the minimum price of land will start from Rs 4,000 per square meter and will go up to Rs 25,000 per square meter.
In the coastal villages of Morjim, Mandrem, Arambol and Querim in Pernem taluka, the government has revised the minimum land price from Rs 3,000 per square meter to Rs 15,000 per square meter. In Tirakol village, the government increased the minimum price of land from Rs 3,000 per square meter to Rs 12,000 per square meter.
Among the coastal villages of Bardez, the lowest price of land in Anjuna was Rs 5,400 per square metre, in Candolim it was Rs 6,000 per square metre, and in Calangute it was Rs 6,000 per square metre. In Nerul, the price was Rs 6,000 per square metre; Now it has increased to Rs 12,000 per square metre.
