Kerala Real Estate Information

Friday, May 9, 2008

Land Registration Fare Value Draft published

Updated May 13 2008


Kerala Govt Published Draft for the Fare Value assessment for all areas. Not so surprisingly, the new fare value is not much different than the current value. In simple terms this means the future buyers are not going to pay any higher tax than one would pay today. The details of specific areas are yet to be known.

The information is expected to reach the registartion office in next few weeks. The State government notified the draft containing 15-lakh pages through a Special Gazette early this week.Fair value of land has been proposed for 1,452 villages in the State.

Several aspects have been considered for determining the value. Land in each village has been divided into 15 categories fixed by taking into account factors such as commercial importance; access to National Highway, State Highway and other major roads; facilities for water supply, electricity, transport and communication; and proximity to market, bus stand, hospital and educational institutions. Fundamentally, land across the State has been categorised as dry land, wasteland, wetland and garden land. Earlier, it was classified into just wetland and garden land.

The highest priced area is M.G Road Kochi. The assessed fare value for this area is 10 lakhs / Cent. The lowest is Rs 5000. As for, when this would be in effect is not known. I do not believe that bothers any one as it is going to be pretty much same as today.

For further reading - http://www.hindu.com/pp/2008/05/10/stories/2008051050470300.htm

11 comments:

Masterstroke said...

Is this draft avialable to general public?? any links for the same. Thanks

Kerala NRI said...

I do not think this will be published online (any time soon). The Registrar office will provide information on a specific area upon request. The Adaharam Ezhuthu Vendors also will have this info soon. If talking about revewing the whole info, it might be made available if requested by Right to Information Act.

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Aslam said...

Hello,

The draft is valuable to local and foreign buyers, it is a good work done by the government, Natal property contains maximum facilities describe in the draft.

Aslam said...

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The government is going in very good direction,such type of activities attract foreign investment into the country, Bucharest property is also popular all over the world due to its facilities.

Aslam said...

Hello,

The draft idea is most important to i advise to other undeveloped countries to follow these rules as in Emerging market property where every thing is as clear as draft.

faisal said...

Hi

I think a good initiative taken by the government and it is also a nice plan.There are so amazing facilities provided by Bahia apartments.

faisal said...

Hi

I think the idea of draft is so amazing and there are so many use the draft in their developing areas.I think Properties in Brazil is so famous for drafting.

faisal said...

Hi

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bhavani said...

I think government done good work. These things will helpful in real estate field.
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Aslam said...

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