The Admission and Fees Regulatory Committee, headed by Justice R Rajendra Babu, said the fees was "provisional".
Referring to the NRI quota, which comprises 15 per cent of the total seats, the fees fixed was Rs 20 lakh, an order issued by the Committee said.
On the demand of some medical colleges to fix the fees at Rs 15 lakh, the Committee said the demand appeared tobeprima facie "exorbitant, exploitativeand profiteering".
"The above fixed fee is provisional and applicable to all self-financing medical colleges, including deemed universities, subject to the regulation by the Committee, as per law," it said.
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In case of complaints, the Committee's decision would be binding on the parties, subject to the judicial review of the court, it said.
The order also directed the managements of self-financing medical colleges to submit within two months all relevant documents tofix the tuition fees of medical Colleges.
It also said that it required time to call forthe documents for fixing the final tuition fee.
According to the order, the provisional fees was fixed after scrutinising previous agreements and the income collected by medical colleges as fees.
Meanwhile, Opposition leader in the Assembly, Ramesh Chennithala criticised the new fees structure, holding that students belonging to BPL (below poverty line) category also had to pay the same fee as those by financially sound students.
With the new fees structure, the LDF government had destroyed the "social security" existing in the self-financing sector in medical education, he alleged.