Checking the valuation of Kerala land- How to do it?

Checking the valuation of Kerala land- How to do it?, Property in Kerala is pretty expensive as the play value is on higher note. To avoid any sort of speculation over the property trends, the state government tends to fix in the fair with the value of the land. The stamp duty and the registration charges are paid on the property transaction which is made on the Kerala Property Registration Department. The fair value of the land is to make it available on the flat and houses. The additional fees need to be paid to the construction after the adjustment is done against the depreciation.

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Checking on the value of Land in Kerala

To check on the fair value there are certain following steps that need step by step procedure which is listed below;

• Step 1: You need to visit the IGR Kerala Portal and start preparing for all the sorts of information that is being asked for.

• Step 2: You can select the district, taluk, RDO and village from the drop down menu that is mandatory in the field.

• Step 3: further here you can select the land type, block number, survey number, and other related requisite and information that is not made mandatory for the field.

• Step 4: there is a list of View Fair value that is not redirected to the new pages and the result will be displayed on the screen without any doubt.

Please on this information; note that the land value is last updated on the notifications that are left to publish on the 31st March, 2020. The department of the Kerala IGR has made it not responsible where the incorrectness of the data on the website is not of use. Therefore, the users must verify on the original notifications that is made to issue the RDOs or the collector for the confirmation of the rates that is mentioned in the website.

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What is the difference between fair and market value?

The fair of the property value or the land is fixed by the state authorities. The market value is set by the market. It is based on the overall demand and the supply scenario. The fair value is made to consider on the stamp duty and the registration fees that are based on the deeds of the declaration on the transaction. The value is much lower than the fair of the land. In such case, the consideration of the amount of fair value is much at a higher rate than the other amount. The calculated stamp duty and registration charges in Kerala are higher but need to check timely before investment.

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What is the application of the fair value of the land?

In the process where the transaction of the sale deeds wasn’t executed then the parties prior to the revision of the fair value seems to be on the higher side. The valuation needs to be done by the fair existing on the dates and execution of the documents and the stamp duty is based on the purpose of the registration that is cut accordingly.

The land valuation in Kerala is called the fair value of the land. It is calculated based on the land value by using the IGR portal to calculate the exact value of the land with ease. The fair value is set by the state authorities while the market value refers to the price of the asset in the marketplace. You need to figure out the details with ease.

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On the latest news -

It is stated that the urban affair is made based on the Union Department list which includes the fair value for the buildings on various categories like industrial purpose, theatres, residential purpose, hospitals, educational purpose, amusement parks, commercial purpose, assembly buildings, resorts, and mobile towers.

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The basic tax is based on the fair value which has been fixed on the commercial purposes in the range of up to 100squaremeters and above 100 square meters which is up to 200 square meters and above 200 square meters.

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Thus the valuation of the home buyers for buying the plot of the house construction has shelled out from the extra for the purchase of the land. Explore the news before investing on the land.

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