Land fair value in kerala state

Fair value of land in Kerala is the valuation set by the Kerala Government upon the District, Taluk, Village and RDO. It’s the calculation laid on facilities and transportation growth in that particular District or Taluk. When registering a property the registration charges and the stamp duty are calculated based on the fair value of that particular land. This value is meant to be revised periodically as per market value and fair value and in Kerala.

The details of schedule of property, buyer and seller details along with their transaction value on stamp paper will be displayed while registering a property or land. Once the paper work is done the stamp duty and registration charges are calculated based on the fair value of land / property. In most of the cases the fair value will be lower than market value based on various calculations.

The fair value system has divided land in Kerala into 15 categories on the basis of their location and access to the public roads. Each category has given a minimum value level and the stamp duty for registering the property will be on the basis of this value.

The major 15 categories based on location are as follows

Commercially Important Plot, Residential Plot with NH, PWD Road access, Residential Plot with Corporation, Municipality, Panchayath Road Access, 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 and Government Property.

Fair value of land for Major RDO in Kerala

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