The Government of Kerala on April 05, 2024, issued amendment to the Table of fees prescribed under section 78 of the Registration Act, 1908, issued by notification under G.O. (P) No. 147/77/TD. dated November 23, 1977.
The following amendment has been stated:
• In article I,
o in sub - clause (1) of clause (a), -
(i) in Note (ix), for the words "and the re-conveyance deeds” the words " and the release and reconveyance deeds" shall be substituted.,
(ii) after Note (ix), the following Note shall be added, namely:-
"(x) While assessing the registration fee for a conveyance described under serial number 21 or 22, as the case may be, in the schedule to the Kerala Stamp Act, 1959, the registration fee, if any, paid in respect of a contract for sale shall be deducted from the registration fee payable for conveyance under serial number 21 or 22, as the case may be, in the schedule of the Kerala Stamp Act, 1959, if the conveyance relates to the same property and is executed between the same parties within 6 months of the registration of the contract for sale. However, the registration fee deductible with respect to the conveyance of a portion or portions of the whole property involved in the previous contract for sale shall be calculated proportionately to the registration fee paid in the previous contract for sale”.
o for clause (d) the following clause shall be substituted, namely: -
“For leases, the registration fee shall be assessed based on the value used to calculate the stamp duty at the rate of two percent, with a minimum fee of Rs.200"
• after article XXII, the following article shall be added, namely: -
“XXIII. A filing fee of 0.1% of the loan amount subject to a maximum of Rs. 10,000 shall be levied for filing of an agreement relating to deposit of title deeds, pawn or pledge, or its release, discharge or cancellation, described under serial number 6 of the Schedule to the Kerala Stamp Act, 1959, in Book I ".
[Notification No. S. R. O. No. 376/2024]
