To avoid black money transactions and other under the table deals, Kerala goverment is working on a new bill that would require the land transfer agreement also to be registred. Currently it is a common practice to write agreement for the actual amount of transaction and then register the land at a later time for the minimum required value mandated by the local registration office.
It seems Govt will bring this bill in the next Assembly Session. Another move along with this is to publish the revised land fare value for all most all areas. This is also expected in July.
Kerala Real Estate Information
Tuesday, April 29, 2008
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