The registration department of kerala has launched a web site which lists fair value of land in various parts of kerala. Fair value of landed properties is calculated per are and notified by the government of kerala. Fair value of a land is the minimum amount to be shown in a document for registration. Fairvaluesearch government of kerala completekerala. The kerala stamp amendment bill, 20 a bill further to amend the kerala stamp act, 1959. Govt hikes fair value of land by 50%, eyes rs 500 crore. The registration act will be amended to make registration of title deeds compulsory. But the department will not accept responsibility and liability of whatever nature for the incorrectness of the data in the website. Kerala govt fixed a land value tariff rate each and every where in kerala especially for registration process in order to increase the revenue which is implemented on october 2007 again kerala govt revised the fair value rate on october 2014 as 50% extra. Usually, the fair value is determined by the government and according to the budget, this value gets revised.
The fair value of land fixed by the government will be increased by 10%. Taluks wise and city wise guideline value in kerala state. Agricultural land in kerala agricultural land for sale. Right now the website is not showing the enhanced fair value. How to check fair value of land in kerala trivandrum city. The budget proposed to restore the land tax that was reversed by the last udf government in 2015, after revision in 2014. The fairvalue of land shown in this site is the enhanced fairvalue as per gazette notification sro no. Schedule name of fair value revised remarks village, block no. Fill this form to know the fair value of land at a particular land. Residential plots for sale in kerala land for sale in kerala. Whereas, it is expedient to publish the fair value of land as required under section 28a of the kerala stamp act, 1959 read with rule 4 of the kerala stamp fixation of fair value of land rules 1995, the fair value of land in idukki district is hereby fixed finally as shown in the schedule thereto. As per the new decision it has been decided to amend the kerala stamp fixation of fair value of land rules, 1995, to provide authorization for the district collector for assessing fair value. Fair value of land in kerala pdf real estate appraisal. It is a power possessed in one form or another by governments of all modern nations.
Land rights of kerala through the ages this chapter tries to look into the evolution of the land rights in kerala through the ages. In that select district, rdo, taluk, village, desam and then enter block number and select the type of land. Ifrs fv and ivs slide pack fair value real estate. You can now know the fair value of land all over kerala from this webpage. Now, therefore, it is hereby made known to the public that the fair value fixed for the land mentioned against each serial numbers in respect of the land situated in the surveyre. Here is a report about the inauguration of the site. Dyuthi scheme worth rs 4,000 crore is envisaged for renovation of distribution lines.
Fair value of land in keralafair value searchproperty fair value. The state government was targeting an additional revenue of rs 500 crore by the way of stamp duties accrued through this measure. This power is often necessary for social and economic development and the protection of the natural environment. This fair value which is also known as guideline value will be revised from time to time as and when there is marked increase in market value. Gazette notification fixing fair value of land was published on 6th march, 2010. When registering a property the registration charges and the stamp duty are calculated based on the fair value of that particular land. Fair value at end of reporting period level in fair value hierarchy if highest and best use differs from current use, that fact, and why being used that way. But the department will not accept responsibility and liability. The market value is usually considered double that of fair value. Statistics, instead of taking interest on land value, fair value of land reported by the. From the link given below,we can serch the fair value of land every where in kerala. New land rules pose a nightmare for applicants of building.
Fair value of land in kottayam land and apartment flats. The fair value of any land in kerala can be accessed online by entering the details like district, taluk, village, desam, block number and survey number. So the final registration value will be the 10% of fair value of. Signature digital signature of the approving authority note. Ifrs fair value measurement fair value hierarchy and disclosures. Find out value of your land in kerala that is fixed by govt authority. Such an attempt is made with a view to look at the emergence of the class of intermediary functionaries who later on, are identified as forming the naif caste. What is fairvalue of land and how fairvalue find out in. Get details of kottayam fair value,sro address etc.
If the real estate transactions are registered for a value far different than the fair value, government will have the authority to take over the property. To curb stamp duty evasion during land sales in kerala, kerala government on 5th may 2008 notified draft of fair prices for lands in kerala. The entire landed properties in kerala have been classified into 15 categories for the purpose of fair value calculation,which are furnished below. This site gives you the information about the fair value of land of all the villages in kerala. One per cent of the value of the estimated cost of proposed construction or development or value of consideration of such agreement or fair value of the land, whichever is higher subject to a maximum of rupees. Kerala conservation of paddy land and wetland act, 2008. Before starting you need to keep the following details in hand. The online method of finding fair value of land in kerala. Fair value of land in kerala pdf free download as pdf file. Property fairvalue, plots and land fair value, apartments flats guideline value of kerala. Commissioner of income tax appeals, centralii, kolkata dated 19. Kerala is one of the few states where fair value of land introduced legally. Kerala hikes fare value of land business standard news.
The general public can view the fair value of their land, on clicking on the fairvalue of land link. Extent of land market value date of issue of certificate designation of the issuing officer name of office purpose issued for this certificate is issued based on the details given in the application, local enquiry, facts and records produced. Kerala conservation of paddy land and wetland act, 2008 pdf. One response to fair value of land at kerala syed says. Kerala government has declared a fair value of land in all parts of kerala. Here comes the detailed information about fair value of kerala. Kerala stamp fixation of fair value of land rules, 1995, envisages revisal of the fair value of land every five years.
These trends help an investor to know whether it is the correct time to buy or sell properties in thrissur. When registering a property the registration charges and the stamp duty are calculated based on the fair value of that. One should add 50 % more than the value shown the website to know the real fair value of their land. It has a 35 cents paddy field which will be charged separately. Soft copy of the database on fair value fixed for land in the state maintained and provided to audit by the igr, kerala were also analysed and audit queries raised. Fair value of land in kerala pdf real estate appraisal property. The kerala right to fair compensation and transparency in land acquisition, rehabilitation and resettlement rules 2015 the rules framed and notified by the government of kerala for the rfctlarrr act, 20 details the process of sia, public hearing and sia report and social impact management plan. The stamp duty in kerala depends on the actual sale value of the property. Government of kerala accorded sanction for conducting annual survey of cost of cultivation of important crops in the state from 198081 onwards vide g. In order to find out kerala properties government fixed registration land value or government land registraton minimum fixed rate which is needed for land document registraton, we. Posts tagged fairvaluesearch government of kerala find land value in kerala fixed by revenue dept. The site is owned and maintained by registration department, government of kerala. For changing the classification of the land as per the new act, 10 to 30 per cent of the fair value set by the government has to be given as fee.
Kerala government set for fair value revision the new. Apartment value also calculated for registration for a decreased rate certified by an approved valuer and in kochi the sqft rate for an apartment is calculated between rs. Fair value of land to be hiked by 10% thiruvananthapuram. This appeal filed by the assessee is directed against the order of ld. In other words this site includes the enhanced fairvalue as per the gazette notifications published till 30042019. But you also need to be careful that the sale value cannot be lower than the fair value of land. The kerala stamp act, 1959 is last amended by kerala finance act, 2019 and the table of registration fees. Part iii commissionerate of land revenue kerala gazette. Fair value of land in keralafair value searchproperty. Two months would be given for the public to give their views and the final notification would.
A bill to replace the kerala stamp amendment ordinance, 2010 20 of. Its the calculation laid on facilities and transportation growth in that particular district or taluk. The kerala cabinet has decided to hike the fair value of land by 50 per cent across the state, part of measures aimed at increasing the states revenue. Agricultural land available for sale in in thachingadanam, malappuram, kerala a rare opportunity to own up this amazing property located in thachingadanam, malappuram, kerala. To find the fair value you should know district, taluk, village, desam, block no, land type, survey no and re survey no. When registering a property the registration charges and the. Enter your email address to follow this blog and receive notifications of new posts by email. The web application is designed to enable service of payment of land tax, online mutation and resurvey correction.
Property fair market value as on 01041981 sub registry. Also know the fair value of taluk,villages,desam under kottayam district. To know the market value of property go through the online web portal and click on the fair value of land link and open the link. Fair value of land in kerala is the valuation set by the kerala government upon the district, taluk, village and rdo. Fair market value is important for any real estate asset at any point of time.
881 307 390 478 747 1307 872 61 1434 1393 862 874 323 1264 655 856 1267 389 273 1214 549 671 265 1145 697 1381 1213 920 884 616 994 1343