I personally admire the government's decision about the fair value of the land in Kerala. Because the fair value of land was established to prevent misunderstandings, excessive pricing, and different property values. This is a government-initiated project that focuses on stamp duty and registration fees being paid to the Kerala property registration department. This law helped me and others to stay away from excess property pricing. You will find more info here about how to find fair value of land in Kerala.
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1) First, you need to check out the official IGR Kerala website to keep a track of everything.
2) You need to choose the district, RDO, taluk, and village from the drop-down options as these sections must be filled out.
3) Next, choose Desam, land type, block number, survey number, and other relevant information. But you must keep in mind that these are not required fields.
4) Lastly, select "View Fair Value" to be sent to a different page where the data will be shown.
5) But you must keep in mind that the government declines all responsibilities for any misleading information on the internet. You must check the original information provided by the RDOs or collectors in order to double-check the prices listed on this page.
6) Now you know how to determine fair market value of land.
What are the facts about the fair value of land?
I know that recently a law was passed by the Kerala government on February 12, 2021. It states that the state's property tax would be based on the fair market value of the state's land. The Urban Affairs Department has created a reasonable set of prices for the basic tax and fair market value of the different types of structures. it includes corporate, housing, institutional, industries, theatres, healthcare hotels and some other structures.
The Kerala government declared in February 2020 that the fair value of land would increase by 30% in many regions where major projects had been approved. The entire operation collected an increasing amount of money from the payable stamp duty on real estate transactions. I have seen that most developers have been criticising and opposing the Kerala government's decision. Because the overall construction cost increased.
You are now aware of how to find fair value of land in Kerala.
Read More: What is fair rental value? What is fair market value? How to calculate the market value of land in India? How to find the guideline value of land?Your Feedback Matters! How was this Answer?
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Authors Of The Question
How to find fair value of land in Kerala?
Hoor
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1 Answers
2 Year
2022-10-19T19:26:03+00:00 2022-10-19T19:26:06+00:00Comment
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