by Buying and selling a place/house is a difficult task for many. There are a number of things to keep in mind in general when buying or selling land. If you buy a piece of land without knowing its price, there are a lot of pros and cons. Ordinary people usually approach the broker to buy or sell the land. But those considering land acquisition through brokers should also be aware of its current price. That is, sometimes brokers will try to impose the earth on you at a reasonable price.
The Government of Kerala fixes a fair value for different types of land on the basis of accurate crop details, registration charges to be paid for various property transactions and stamp duty. The fair value of the plot is applicable to houses and flats where there is no additional fee for construction after the adjustment against depreciation.
An important factor is the location of the property. Space is an important determinant that determines its price. If the property is located in an important area, it gets the first estimate. The best-priced places are in the heart of the city or an area with high-rise buildings and residential areas, including sprawling apartments. Properties located in remote areas or suburbs will be cheaper. Is considered at a low value.
The demand-supply dynamics of the property is also another factor that affects its fair value. Some of the factors driving the demand for real estate are easier access to home loans, an increase in disposable income, and rural-urban migration. The fair value of the land or property is decided by the state government authorities. On the contrary, the market value of the land in our country is determined by the market based on supply and demand conditions. Usually the fair value of the land is considered the fair value of the land for deed registration and stamp duty.
- Firstly, visit the official website (link given below)
- Fill in all the required information .
- Select from the dropdown list the district, Taluk & Village.
- Select Desam, block number, land types, survey number, as well as the other requisite information.
- Click on the tab ‘View Fair Value’ & then you would be redirected to an altogether new page where you would be able to access the displayed results on your device’s screen.
