Localitydetails.com

Kerala Fair Value

The latest Fair Value of lands fixed by the Registration Department, Government of Kerala is issued in the Gazette notification dated on 30 March 2022. Previously, the fair value of land came into force in the year 2010. Slowly, the guideline value of land was increased four times in the years 2010, 2014, 2018 and 2022. The present fair value of land is almost 120 percent compared to the value fixed by the Revenue Divisional Officers belonging to the Government of Kerala in the year 2010.

The office of the Inspector of General of Registration is the Head and main office of the Registration Department. It is supported by the Joint Inspector General of Registration, Administrative Officer, Finance Officer, Law Officer, Assistant Inspector General of Registration (Chit Schemes), Assistant Inspector General of Registration (Administration) and Deputy Inspector General of Registration (Licensing) to assist the Inspector General of Registration for smooth and transparent functioning.

The Registration Department of Kerala is divided into four zones under the control of each Deputy Inspector General of Registration. They are the North Zone, North Central Zone, South Central Zone and South Zone. Further, these zones are segregated into 14 District Registration Office (DRO) namely, Thiruvananthapuram, Kollam, Panthanamthitta, Alappuzha, Kottayam, Idukki, Ernakulam, Thrissur, Palakkad, Malappuram, Kozhikode, Wayanad, Kannur and Kasargod. Again, these districts were divided into 21 Registration Divisional Office (RDO) namely, Thiruvananthapuram, Kollam, Adoor, Thiruvalla, Chengannoor, Alappuzha, Kottayam, Pala, Devikulam, Idukki, Moovattupuzha, Fortkochi, Thrissur, Palakkad, Ootapalam, Thirur, Perinthalmanna, Kozhikode, Mananthavady, Thalassery and Kasargod. Once again, these DRO's are classified into 315 Sub Registry Offices.

The North zone covers Kozhikode, Kannur Wayanad and Kasargod Districts. The North zone HeadQuarters is located at Kozhikode. The North Central zone covers Trichur, Palakkad and Malappuram Districts. Its HeadQuarters is located at Thrissur. The South Central Zone covers Ernakulam, Kottayam, Idukki and Alappuzha Districts. Its HeadQuarters is located at Ernakulam. The South Zone covers Thiruvananthapuram, Kollam and Pathanamthitta Districts. Its HeadQuarters is located at Thiruvananthapuram.

The number of SRO’s in Thiruvananthapuram is 41, Kollam is 30, Pathanamthitta is 15, Alappuzha is 20, Kottayam is 23, Ernakulam is 25, Idukki is 8, Thrissur is 30, Malappuram is 24, Palakkad is 23, Kozhikode is 33, Kannur is 23, Wayanad is 7 and Kasargod is 9. So, there are a total of 315 SRO’s in Kerala. The Registration Department started functioning from 1 January 1865 in Malabar Area at Thalassery District Office in Kannur and the first Sub Registry Office in Kerala was started at Anjarakandy from 1 February 1865 which was called Ancharakkandy, the Grandma of Sub Registry offices.

The registration department ranks third in generating income to the government among all other sources of revenue after the sales tax department and the excise department. The most important purpose of registration laws is to prove the uniqueness of documents that the people are using. It helps to give publicity to transactions and also to prevent tampering. It ensures that the property has been transferred before and to provide security of rights in case of loss or destruction of original or real stamp papers.

The lands in Kerala are classified into 19 types according to their physical location. They are Coastal Belt, Commercially important plot, Dry Land, Garden Land with road access, Garden Land without road access, Government Property, Hill Tract with road access, Hill Tract without road access, Others, Residential and Commercial Property without road access, Residential Plot with Corporation/Municipality/Panchayat road access, Residential Plot with NH/PWD road access, Residential Plot with private road access, Residential Plot without private road access, Residential Plot without vehicular access, Rocky land, Waste land, Waterlogged land and Wetland.

Frequently asked questions (FAQ) s

  • Where can I get the latest fair value of the property in Kerala?
    The latest fair value of a land or particular area in Kerala can be obtained from the Sub Registry Office and also in the official website.
  • How does the Fair Value of a property vary in Kerala?
    Yes, the Fair Value of lands and the properties in Kerala differs according to its physical location. In Kerala, the lands are classified into 15 types. The guideline value of the land also differs and is mentioned separately in the lists according to its types.
  • How does the Fair Value in Kerala affect the property price?
    If the Fair Value of a particular land is higher than the market price, then the buyer cannot register the land or property below the fair value. Registration of any property in Kerala is done on the fair value fixed by the government officials. According to the registration value, the registration fees amount differs and purchasing of stamp papers is also determined.
  • Should we register our property at Fair Value fixed by the state government or Circle rate or Market value?
    Mostly, the Market Value of lands or properties is higher than the Fair Value. Actually, the buyer has to register the property at Purchase Value or the amount which he pays to the seller. This helps the buyer to protect himself from future disputes with the seller.
  • How does the lower Fair value impact the purchaser and seller in Kerala?
    The lower Fair Value helps both the purchaser and retailer in Kerala, as it lowers the stamp fees and registration fees for the purchaser. It also helps the seller to escape from the tax department.
  • Can the Fair value change according to the floors in a building?
    Yes, the fair value of the same building differs according to the floors. The fair value of the ground floor remains the same till the second floor and rises from the 6th floor or top floor.
  • Why does the Kerala government raise the fair value of a property?
    The major source of revenue from this department is very important to the state government. Uplifting, the Fair Value results in higher revenue for the state government. In Kerala, this department is considered as the third revenue source.

TamilNadu Guideline Value

The guidleline value in government fixes a certain amount for the properties and the sale value cannot be less than the guideline value,this is called as the guideline value in tamilnadu and in every state its known by different names.

View details »

MadhyaPradesh Guideline Value

Guideline value is the minimum price below which a propertycan’t be registered in the state. Per square foot guidelines value for various kinds of lands and buildings is notified by the state government for all zones.

View details »

Karnataka Guideline Value

Karnataka guideline value is the value of the land as determined by its government, based on its own metrics of facilities in that locality.It has a minimum guideline value of Rs.101 per sqft to a maximum of Rs.1.50 Crores per sqft.

View details »