Order for Renewal of land value fixation in kerala

02/09/2007

Land value will be renewed in Kerala state – As the Govt of kerala came to know about the lose of crores in stamp duty as per the existing land value fixation . Govt ordered to the concerned officials to renew it and report back before 06.09.07 . Before  4 months  Govt issued orders to village officers to refix the market value of land as stating existing land value fixation is not practical. Village officials carry out the order by preparing the list total land divided in to 15 groups (like land with industrial importance, land with water frontage , road access, Etc) for value fixation.. As they clear the order new order been issued for revaluation of land. As per the existing land value fixation it is already less than 50/70 percent of the orginal value which cause big lose to Govt  in stamp duty .Govt is planning to reduce the stamp duty on current year which will cause lose of crores followed by this they want refixation of land value again.

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