Kerala makes valuation of buildings mandatory, land registraion

Deborah K. Vick


The Kerala stamp act directs that the worth of structures will have to be assessed based on Public Operate Department’s fee and extra when registering title deeds. Before, this rule was designed required for flats and flats. Little by little, all structures other than palm-thatched huts are also introduced underneath this rule.

Representational graphic: Akhil ES/Mathrubhumi

Thiruvananthapuram: The Kerala federal government purchased that benefit of buildings have to be provided on title deeds for all land transactions. As for each the rule, the land will be registered following documenting the precise benefit of the constructing. But it is noticed that no person is next this rule. As the govt produced it required to strictly observe the rule for all land transactions, the registration section was benefited throughout the very last money calendar year. Profits from this also enhanced profits of the section.

The Kerala Stamp Act directs that the price of properties must be assessed based on Public Do the job Department’s fee and have to be additional whilst registering title deeds. Previously, this rule was created required for flats and apartments. Progressively, all properties, besides palm-thatched huts, have been introduced beneath this.

Authorized engineers should take a look at the building and concern an analysis certificate for completing the land registration. With this, 8 per cent of stamp duty and 2 for each cent of the registration cost have to be paid for properties in the course of land registration.

Many years ago, the federal government experienced issued an buy to make valuation certificate of PWD required for land registration. But persons and officials ongoing to violate the rule. In some spots, the value of properties was marked as Rs 50 for each square feet on title deeds. Immediately after noting this unlawful observe, the registration division gave strict instructions to registrars. Next this, land homeowners commenced to increase the correct value of properties even though registering title deeds.

Problems on analyzing benefit of structures

In the meantime, several people today have elevated grievances about examining the benefit of properties on their land. Whilst deciding the price tag, the age of the developing will have to be viewed as. Sometimes, there is delay in estimating the price when the properties do not have the number.

Engineers authorised by the registration department are refusing to challenge valuation certificates fearing motion from the division about lapses. Though the department discovered above 3000 engineers for this reason, only 800 are issuing these certificates.

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