How to Check the Fair Value of Land in Kerala: A Step-by-Step Guide

Buying or selling land in Kerala requires a clear understanding of its fair value to ensure transparency and avoid overpricing or undervaluation. The fair value of land is the minimum price set by the government for different locations, helping buyers and sellers make informed decisions. This guide explains how to check land fair value, calculate property value, and why consultancy services in Kerala can help streamline the process.

What is the Fair Value of Land in Kerala?

The fair value of land is the official price determined by the Kerala government for different land categories, including residential, commercial, and agricultural plots. This value serves as a benchmark for property transactions, stamp duty, and registration charges.

The fair value is not the market price but a minimum value fixed by the government to ensure transparent transactions and prevent undervaluation. However, the market price is usually higher based on factors such as demand, location, accessibility, and future development potential.

With real estate liaisoning services in Kerala, buyers and sellers can navigate these valuations efficiently and ensure legal compliance.

How to Check the Fair Value of Land in Kerala?

The Kerala Government has made it easy to check the fair value of land online. Here’s a step-by-step guide to checking it:

Step 1: Visit the Official Kerala Government Portal

• Go to the Kerala Registration Department’s website: https://igr.kerala.gov.in/

Step 2: Navigate to the ‘Fair Value of Land’ Section

• On the homepage, look for the ‘Fair Value of Land’ option and click on it.

Step 3: Select District, Taluk, and Village

• Choose your district, taluk, and village from the drop-down menu.
• Enter the survey number of the land (found in property documents).

Step 4: View the Fair Value

The system will display the official fair value per Are (100 square metres) for the selected location.

For those unfamiliar with the process, Landreeve—one of the best real estate liaisoning service providers in Kerala—can assist in verifying the fair value and ensuring accurate transactions.

How to Calculate the Fair Value of Property?

The fair value of property is calculated based on government rates. However, the final sale price may depend on market trends, land location, and development potential.

Formula for Fair Value Calculation

Fair Value = (Fair Value per Are) × (Total Land Area in Ares)

Example:

• If the fair value per Are is ₹5,00,000 and the land size is 2 Ares, the total fair value is: ₹5,00,000 × 2 = ₹10,00,000

However, the market price could be higher depending on demand, amenities, and infrastructure developments. For a precise valuation, consulting top real estate liaisoning services in Kerala can help in determining both fair and market value.

Fair Value v/s Market Value: What’s the Difference?

Many buyers and sellers confuse fair value with market value, but they are not the same.

• Fair Value: The minimum price of land set by the Kerala government based on factors like location, land type, and zoning regulations. It is used for calculating stamp duty and registration fees.

• Market Value: The actual selling price of land in the market, which depends on demand, location, infrastructure, and future development potential. It is often higher than the fair value and fluctuates based on real estate trends.

For an accurate valuation, consulting Landreeve, the top real estate liaisoning services in Kerala, ensures you get expert guidance for both fair and market value assessments.

Factors Affecting Land Value in Kerala

Location and Infrastructure: Land in urban areas and near transport hubs, IT parks, or major roads has a higher market price. 

Land Type: Residential, commercial, and agricultural lands have different fair values.

Government Approvals and Zoning Laws: Fair value depends on the permitted land use and regulatory approvals.

Real Estate Market Trends: Demand for land increases in areas with upcoming developments, educational institutions, and business hubs.

To avoid legal issues and overpricing, consulting trusted real estate liaisoning services in Kerala is advisable.

FAQs

How to check the fair value of land in Kerala?

Visit the Kerala Registration Department website and enter details like district, Taluk, village, and survey number to view the fair value.

How to calculate the fair value of property?

Multiply the government-set fair value per Are by the total land area to get the fair value. The final selling price may vary based on market trends.

How is land value calculated in Kerala?

Land value is calculated using the government-fixed fair value and the prevailing market rate. The stamp duty and registration fee are based on the higher of the two values.

How to calculate the value of land?

To calculate land value:

• Check the fair value via the Kerala Registration website.
• Determine the market value based on location, demand, and amenities.
• Compare both values to finalise the transaction price.

Conclusion

Understanding the fair value of land in Kerala is essential for buyers, sellers, and investors to make informed property decisions. While the government-set fair value provides a baseline, market prices fluctuate based on location, demand, and infrastructure growth.

To ensure an accurate valuation and legally sound transactions, working with expert consultancy services in Kerala can help navigate the process seamlessly.

For professional assistance in land valuation, fair value verification, and real estate transactions, reach out to Landreeve Solutions—your trusted legal and liaisoning partner in Kerala.