How do you know the fair value of land in your area?

The government of Kerala determines the fair value of different types of land based on accurate crop details, registration charges for property transactions, and stamp duty. The fair value applies to properties such as houses and flats, with no additional fees for construction after accounting for depreciation.

Location plays a vital role in determining the price of the property. Properties in prime areas, such as city centers or locations with high-rise buildings and residential areas, tend to have higher prices. On the other hand, properties situated in remote or suburban areas are generally cheaper and considered to have lower value.

The supply and demand dynamics of the property market also influence its fair value. Factors like easier access to home loans, an increase in disposable income, and rural-urban migration contribute to a higher demand for real estate. The state government authorities decide the fair value of land or property, while the market value is determined by the market based on supply and demand conditions. Typically, the fair value is used for deed registration and stamp duty purposes.

If you want to check the fair value of land in Kerala, follow these steps:

1. Visit the official website (link provided).
2. Fill in all the required information.
3. Select the district, taluk, and village from the dropdown list.
4. Provide details like Desam, block number, land types, and survey number, among other necessary information.
5. Click on the “View Fair Value” tab, and you will be redirected to a new page displaying the results on your device’s screen.

By following these steps, you can easily check the fair value of land in Kerala online Click Here