In kerala different kinds of taxes are there. Land Tax, Plantation Tax, Building Tax, Luxury tax etc.
Land tax is paid in the Village Office, Building Tax is is Panchayath, Municipality or Corporation offices.
When the building construction is completed for the residential purpose, if it is below 3000 sq.ft, the owner should pay a one time tax to the concerned village office. If the building is above 3000 sq.ft, owner should pay should pay luxury tax every year. The Rate of tax is depending upon the grade of Panchayath, Municipality or Corporation.
According to 5811 Legislative Assembly Act 2/98, of 29.07.98, Land Taxes are amended as follows.
CORPORATION | Till 2 R (4.94 CENT) ,Above 2 R | Rs.2 for 1 R (2.47 CENT),Rs.4 for 1 R |
MUNICIPALITY /TOWNSHIP | Till 6 R,Above 6 R | Rs.1 for 1 R,Rs.2 for 1 R | PANCHAYATH | Till 20 R,Above 20 R | PS.50 for 1 R,Rs.1 for 1 R |
New Rate is valid from 01.04.98. For the re-calculation of land tax, tax payers should apply to the Thahsildar in concerned form.
According to the 1987 act of Kerala State Finance Department, Plantation Tax rates are as follows. (Coconut, Rubber, Coffee, Tea, Cardamom, Pepper are considered as Plantation Yields)
Rate of taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Plint Area
|
Panchayath
|
Special Grade
Panchayath/
Municipality
|
Corporation
|
50 SQ.MT
|
FREE
|
FREE
|
FREE
|
50 SQ.MT
TO 75
|
750
|
1500
|
3000
|
From 75 sq.mt
To 100 sq.mt
|
1125
|
2250
|
4500
|
100- 150
|
2250
|
4500
|
9000
|
150-200
|
4500
|
9000
|
8000
|
200 - 200
|
9000
|
18000
|
27000
|
250 & above
|
9000+
|
18000+
|
27000+
|
|
For extra 10 sq.mtr. 900.00
|
For extra 10
1800
|
For extra 10
2250
|
MURICKENS GROUP
HO : KOTTAYAM-KADUTHURUTHY
BR : KOTTAYAM- CEMENT JUNCTION
ERNAKULAM-PALARIVATTAM
Real estate cunsulting officials at U.S.A. (Texas & Newyork) & Bombay
Email : mg@murickens.com, murickans@gmail.com