Short term capital gain (stcg) on property calculation

I am planning to sell a property bought 2 years ago and buy another property with the money I get from sale. Do I need to pay stcg on the value from sale of property or it can be offset against the money I spend in buying another property 

@ Heeral Shah: As per new proposal in finance act, 2017; you will be able to get the benefit of tax exemption by purchase of new house property, when sold property is held for 2 years or more. (It will get status of Long Term holding)

What are the tax saving options for Short Term Capital Gains (Section 54, etc)...experts pls guide.