Tag Archives: Kerala real estate market

Fair Value of Land in Kerala

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Kerala’s fair market value for land forms the basis for calculating the registration and stamp duty fees. Prices depend on the area, the circles, and other amenities provided. Based on the air value, revenue from property transactions also exists.

Fair value and market value are different. 

Kerala’s state government determines the fair market value of land. In Kerala, on the other hand, the marketplace, which depends on the supply and demand scenario, determines the market value of the land. If the decided transaction value of the land is less than the fair value of the land in Kerala, the land’s value is less than the fair value of the land in Kerala. The land’s value typically plays a role in deed registration and stamp duty. As a result, 

As a result, the fair value of the land in Kerala, also known as the consideration amount, is used to calculate registration and stamp duty fees. Consideration goes to the higher one. 

Application and significance of Kerala’s fair market value of land 

The overall valuation is sufficient for completion based on the fair value that existed on the date of execution of the document in transactions where the parties executed the sale deed before the revision of suitable value. The fair land market in Kerala will determine the stamp duty for registration. 

Kerala’s process for determining the fair market value of land 

You must carefully follow the steps below to check real estate’s market value in Kerala.  

Step 1: Go to the IGR Kerala website to complete every request. 

Step 2: Choose the district, taluk, and village from the drop-down menu. To continue, you must make one of these decisions. 

Step 3: Choose Desam, the block number, the types of land, the survey number, and any necessary information. 

Step 4: You need to click on the tab ‘View Fair Value and then it will take you to an altogether new page where you can access the displayed results on your device’s screen. 

The earlier notification must reflect the most recent adjustment to Kerala’s fair market value of land. Additionally, you must unavoidably read the disclaimer page on the IGR website. The department declares that any inaccurate information on this website is not its fault. All users should check the original notifications sent by the collectors or RDOs to confirm the rates listed on the website. 

Online Land Tax Payment Kerala

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The local self-government department’s online portal, Sanchaya, has made it simpler for the State of Kerala to pay land taxes. Users can sign in to the Official revenue division of Kerala’s government portal to pay land tax. 

Describe the land tax. 

State and union territory governments impose land tax, also known as property tax, on real estate purchases. The owner of a piece of land under the control of the revenue department in Kerala is required to pay a tax based on the use of the property. The annual tax is the responsibility of the property owner. 

Each panchayat’s and local government’s income contributes to the upkeep and expansion of public amenities for residents and visitors. Kerala’s revenue department uses an online calculator to compute and asses the land tax. 

Kerala’s land tax rate 

According to the new budget, land worth 20 cents will be subject to a tax rate of 8/R in the village panchayat divisions. 

In this case, R stands for one square foot.

Municipalities must pay Rs. 10 per square centimeter of land. The tax rate on land will be Rs 15/R for parcels worth more than 6 cents per square. 

For corporations, the land price is Rs.20/R, accurate to the nearest 4 cents. Lands worth more than 4 cents are subject to a tax rate of Rs 30/R. 

How can I pay Kerala land tax online? 

Step 1: Create an ID and password after registering on Sanchaya’s official website. The Kerala Revenue Department’s official website is another option. 

Step 2: Enter the generated ID and password for Sanchaya and select “Citizen Login.” Your browser will direct you to the Local Self Government of Kerala (LSG) website. 

Step 3: Register on this website. Choose the “Payment for Registered User” option if you are already a user. 

Step 4: Enter the necessary information and the Captcha code. Verify your enrollment. You will move to a new page. 

Step 5: After finishing, access the “Citizen Login” page on the Sanchaya website. The Kerala Local Self-Government (LSG) will be your next stop after this. 

Step 6: Decide on the district, corporation, and municipality that applies. Press the submit key. 

Step 7: A website will list the nearby organizations. Press the E-pay button. A new web page will appear. 

Step 8: Select “Property Tax” and enter the necessary data, including the ward number, door number, and sub number. 

Step 9: Verified property tax information will appear along with the amount of the outstanding tax. 

Step 10: Enter the Captcha code, email address, and mobile number. 

Select the “Pay Now” option in step 11. Choose a suitable payment method, then pay the Kerala land tax online. 

Building Tax Online Kerala

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Many people mix up building tax and property tax. However, there is a significant distinction between the two. According to the Kerala Building Tax Act 1975, the building tax is a one-time tax that applies to all buildings built on or after April 1, 1973. A luxury Tax of Rs 4000 is added annually on buildings built on or after April 1, 1987, with a plinth area of 278.7 square meters or more. This luxury tax is in addition to the once-only construction tax. In this blog, I will explain how to pay Kerala building tax online. 

In Kerala, you can pay your Building Tax online through the Sanchaya online services. You can use this service to pay the building tax, rent, professional tax, and license fee without visiting an office. All you need is an internet-connected computer, laptop, or smartphone.  

The following are the steps you must take to pay your Building Tax using Sanchaya online  services: 

  • Visit the website at https://tax.lsgkerala.gov.in/epayment/. 
  • Select ‘Login for online payment. If you already have an account, enter your Username and password. If not, register as a first-time user with Sanchaya. 
  • Choose ‘New User Registration,’ and the form will appear. Fill out the required fields and the captcha code before submitting the form. 
  • You will receive an email with a confirmation code at your email address. Click the ‘Confirm Registration Link’ button. 
  • A new form will display to accept your Registration code. Enter your Registration cod and Captcha code, and submit. Your registration with Sanchaya is complete. 
  • Now, use the log-in page to log in. 
  • You can pay your taxes online by viewing all the properties listed under your name. It will show you the outstanding debt that you must pay. To proceed with online payment, please check and confirm.  
  • Complete the payment and take a printout of the receipt from the Reports section. 

It’s the complete procedure for paying building tax online. 

Kerala Land Tax Online Quick Pay

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Those who own plots or houses in Kerala must pay a land or property tax to the local authority or village office. In an assessment year, the land tax gets paid once or twice. The Kerala Revenue Department provides a web application, the Revenue Land Information System (ReLIS), to manage land records and enable registration and online payment of land tax. 

During the March 2022 budget, the government announced plans to revise the vital land tax rates across all slabs and introduce a new slab for land larger than 40.47 acres in panchayats, municipalities, and corporations. 

How do I pay Kerala land tax online?

Step 1: Navigate to https://revenue.kerala.gov.in/. By clicking on ‘Register,’ first-time users can register to use the e-services. 

Step 2: Click ‘Login’ to access the portal with your registered mobile number and password. 

Step 3: After logging into e-Services, choose “New Request.” Choose the ‘Land Tax Payment’ option. Then, by clicking on ‘Confirm,’ accept the message for the taxpayer that appears on the screen. 

Step 4: On the payment request page, enter information like district, taluk, village, block number, Thandaper number, survey number, and so on. Click ‘View and Add’ to double-check the information. 

Step 5: Submit information such as the applicant’s name, last tax payment date, receipt number, etc. To pay Kerala land tax online, click ‘Pay Tax.’

Step 6: The payment details will appear on the following page. Select ‘Pay Now’.

Step 7: The payment screen will appear. Select your preferred payment method (for example, net banking, card payment, or UPI payment). Click the ‘Payment’ button. 

Following the successful payment of Kerala land tax online, the user will receive a receipt, which can be downloaded and saved for future reference. 

Documents Required for Kerala Land Tax 

The property tax bill is a necessary document when paying property taxes. The municipal authority sends the property tax bill to the property address. When paying property tax online, one must enter the details listed on the bill, such as name and property ID.  

Kerala Land Tax Rebates 

Property owners may be eligible for the civic authority’s rebates. These factors include the owner’s age, the property’s occupancy, the nature of the area, the property’s usage, income, the asset’s age, and so on. Furthermore, a 15% property tax rebate is available if the entire tax was paid in one lump sum at the beginning of the year. 

Property tax payments made on or after the due deadline are subject to a 20% late fee.