Registration Fee Rise Comes into Effect

Published: 18th November 2014 06:03 AM  |   Last Updated: 18th November 2014 06:03 AM   |  A+A-

THIRUVANANTHAPURAM: The registration fee and stamp duty for land transactions went up by 50 per cent in the state effective  Monday.

With the State Government bringing out the notification by increasing the fair value of land by 50 per cent from Monday onwards, transactions charges have gone up across regions in the state.

However on the first day of increased transaction charges, there was a slump in transactions, reported the  sources. “It may take a couple of days to assess the situation. Land buyers have have to come to terms with the increase in the registration fee and stamp duty due to the 50 per cent increase in fair value,” they pointed out.

 The ordinance amending the Kerala Stamp Act 1959 has also come out.

The new amendments include an additional option to file review petition in appeals on fair value, already settled by the District Collectors. As per the amendments, review petitions can be filed before the District Collectors.

Stay up to date on all the latest Kerala news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp