Tamil Nadu Stamp (Constitution of Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules, 2010 (1 Jun 2010)
The Commercial Taxes and Registration (J1) Department issued Government Order G.O.Ma.No.75, dated 1 June 2010, framing rules for estimating, publishing and revising property market value guidelines in Tamil Nadu. The rules establish district valuation sub-committees, provide for public objections and set valuation factors for different property types. They affect property owners, buyers and professionals who rely on market value guidelines used by registering officers.
What the rules govern
The Tamil Nadu Stamp (Constitution of Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules, 2010 govern how property market value guidelines are estimated and revised. The Commercial Taxes and Registration (J1) Department directed that the notification attached to Government Order G.O.Ma.No.75, dated 1 June 2010, be published in an Extraordinary issue of the Tamil Nadu Government Gazette.
The rules do not publish individual property rates. They establish the authorities, procedure and valuation considerations used to prepare guideline statements.
Who prepares the guidelines
The Valuation Committee may create a valuation sub-committee in each revenue district. Its members include:
- The District Collector as Chairman.
- The District Revenue Officer.
- The Deputy Inspector General of Registration.
- District Registrars of the concerned registration districts.
- The headquarters District Registrar as Secretary.
- Officers representing town panchayats, panchayats and municipalities.
- Representatives of local bodies.
The valuation sub-committee office is located in the District Collector's office. The concerned District Registrar handles correspondence and compiles market value data according to the sub-committee's decisions.
Estimation and public participation
The Valuation Committee may issue annual instructions and general policy guidelines for estimating values for the next calendar year. It may also direct revisions during the year when required.
The valuation sub-committee must publish notice of a proposed estimation or revision in local newspapers and on notice boards of important offices. The public may submit objections and suggestions within 15 days. District Registrars consider the submissions and place them before the valuation sub-committee for discussion.
Statements must show average rates for agricultural land and residential, commercial and industrial sites. Data is organised village-wise and local body-wise in Form A, in paper and electronic formats.
Valuation factors and revisions
The valuation sub-committee may consider:
- Land classification, soil, nearby values, crops, yield, roads, markets, irrigation and transport.
- Local house-site values, public services, amenities, development, taxation records and special features.
- The condition and use of other property.
- Public Works Department data for building valuation.
The Valuation Committee may defer a revision, continue the last revised guidelines for a year when no revision is undertaken, or order a special revision to correct an anomaly. Approved guideline statements are public records preserved permanently in the concerned District Registrar's office.
This summary is generated from the source document to help you find what is relevant. The PDF above is authoritative. For advice on your own property, use LandLens One or speak to a qualified professional.
Common questions
Can the public object to a proposed guideline value revision?
Yes. The valuation sub-committee must publish notice locally and allow 15 days for objections and suggestions, which are considered by District Registrars and placed before the sub-committee.
Where can I find approved market value guideline statements?
Approved statements are public records and must be permanently preserved in the office of the concerned District Registrar.
What happens if guideline values are not revised for a year?
The district Registrar may instruct registering officers to use the last revised guidelines for the year in which no revision is undertaken.
Can guideline values be specially revised for one area?
Yes. The Valuation Committee may order a revision in a specified area to correct an anomaly and may order a special revision for a sub-district or district, with reasons recorded.
