Tag: Margao Municipal Council

Latest StoriesRegulatory

Consumer Commission Orders Aditya Builders to Finalize Sale Deed

PANAJI: The North Goa District Consumer Dispute Redressal Commission has instructed a construction firm to execute a deed of sale within two months for a flat bought by a couple from Margao in 2004, for which they paid the full price. If the construction firm fails to adhere to this order within the specified timeframe, the consumers have the right to get the sale executed through the commission. According to the law, the firm was obliged to register the sale deed within 18 months after the building’s construction, but it did not do so. This prompted the complainants, Santosh Joshi…

Latest StoriesResidential

Margao House Tax Soars 300% with New Council Method

MARGAO: The Margao Municipal Council (MMC) has introduced a new capital value method for calculating house taxes, resulting in over a 300% hike for new residential and commercial properties. The transition to this new formula was prompted by a directive from the Directorate of Municipal Administration and formalized through a council resolution on January 3, according to MMC sources. This method significantly increases the tax burden on new property owners. For instance, the annual house tax for a 100sqm residential flat has surged from Rs 2,000 under the previous system to Rs 6,600 under the new capital value method—marking a…