Fair value of land in Kerala

Thursday, May 29, 2008

Fair value of land in Kerala

Kerala Government Websites to check fair value of land in kerala...

» http://www.kerala.nic.in/regweb/newfairvalue.aspx (More user friendly)

» http://igr.kerala.gov.in/fairvaluesearch.aspx (Kerala Gazette Notification)

The fair price is not final since this is only a draft, which need your feedback. Kerala might be the first state to do this in India.

Fair Value of Land Website
Example image showing "Residential Plot" near NH at pattom can be Rs.12,50,000/cent

The land types in Kerala according to the database are.

* Commercially important Plot
* Residential Plot with NH.PWD road access
* Residential Plot with Corp.Mun.Panch. road aceess
* Residential Plot with private road access
* Residential Plot without vehicular access
* Garden Land with road access
* Garden Land without road access
* Coastal belt
* Water logged land
* Rocky land
* Waste land
* Wet land
* Hill Tract with road access
* Hill Tract without road access
* Government 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.

Two months would be given for the public to give their views and the final notification would be issued by July 05, 2008. The draft copy which was available in all village offices is online now.

Kerala Goernment press release says

"The stamp duty also would come down after fixation of fair prices for lands. It would also put an end to the practice of showing 'lower price' for land during registration."

The fair value of each district in Kerala - Trivandrum , Kollam,Pathanmthita ,Alleppey, Kottayam, Idukki, Ernakulam , Trichur , Palakkad, Malappuram ,Kozhikode , Wayanad,Kannur ,Kasargod can be checked.

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