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Property Registration Fair Value in Kerala 


30-09-2017 08:48 am

The existing fair value of land and property registration in Kerala has been implemented by Kerala Government in the year 2010. It is calculated taking into account so many factors viz; kind of road, significance of plot, nature of property etc.This Fair Value of land will be reconsidered every now and then when the market value increases.The increase in the fair value registration of land and property has a negative impact on the growth of real estate business in Kerala.Due to this hike in fair value, people have shown interests in buying homes, villas, houses, flats, plots and apartments in other states rather than investing in real estate business in Kerala.



Classification of land/property for the purpose of Fair Value



Copy and Paste this link into browser for Property Fair Value Calculation

http://igr.kerala.gov.in/fairvaluesearch.aspx



The Fair value system has divided the land and property in Kerala into 15 categories based on road access and the location. There exists a fixed minimum value and stamp duty fee for each category for the registration purpose. Please see our Tips to NRIs Who plan to buy Properties in Kerala

  1. Commercially significant plot
  2. Residential areas with access to NH and PWD Roads
  3. Residential areas with access to Corporation, Municipality, Panchayath Roads
  4. Residential areas with access to private roads
  5. Residential areas without Vehicular Access
  6. Garden property with access to roads
  7. Garden property with no access to roads
  8. Coastal belts
  9. Water logged plot
  10. Rocky plot
  11. Waste plot
  12. Wet plot
  13. Hill tract with access to roads
  14. Hill tract with no access to roads
  15. Property/Land of Government