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.
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