Has Kochi Corporation increased building transfer fee?

Q: How much it has been increased?

Ravi, Amritsar

5th March 2013

Real estate News in Kochi

property transfer

kochi corporation

building transfer fee

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Replies (5)

Hey guys, Kochi Corporation was expecting around Rs 15 crore additional revenue from revised tax of 2012-2013 fiscal. The tax revision had been made for major developmental projects in the previous budget. Now it is putting in extra efforts to find sources to increase its revenue.

Rajeev Narayanan, Kochi

3rd April 2013

Comment

Currently Rs 25 is being charged for transferring the ownership rights of any building in Kochi. In a city like Kochi, a large number of building transfers often take place, say around 3000 to 5000 per year. This hike in building transfer fees is likely to be a good source of revenue for the Kochi Corporation. The Corp is planning to garner an additional revenue of Rs 6 crore annually from the transfer fee hike.

Varun,

3rd April 2013

Comment

Veena, large, medium and small buildings will be included under different slabs. Based on the area, size, the value will be set, based on which the transfer fee will be levied on building transfer. The slab in the range of Rs 250 to Rs 3,000 is planned to be prepared..

Sishir,

3rd April 2013

Comment

Hello Mr.Nair.. what slab will be prepared? And what is the present fee that is being applicable?

Veena K,

1st April 2013

Comment

Hi Ravi, the Corporation is planning to introduce a hike in transfer fee based on the size and total value of the building. I think the slab has not been announced yet.

Krishnan Nair, Kochi

1st April 2013

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