Tamil Nadu Stamp (Constitution of Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules 2010
The Commercial Taxes and Registration (J1) Department issued G.O.Ma.No.75 dated 01.06.2010, framing rules for estimating, publishing and revising market value guidelines for properties in Tamil Nadu. The rules establish district valuation sub-committees, provide for public objections and set out the information to be considered when valuing different types of property.
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 were issued by the Commercial Taxes and Registration (J1) Department through G.O.Ma.No.75 dated 01.06.2010. The appended notification was directed to be published in an Extraordinary issue of the Tamil Nadu Government Gazette dated 01.06.2010.
The rules govern how market value guidelines for agricultural land, house sites, buildings and other properties are estimated, published, revised and preserved.
District valuation bodies
The Tamil Nadu Stamp rules allow the Valuation Committee to 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 registration districts concerned.
- The headquarters District Registrar as Secretary.
- Officials dealing with town panchayats, panchayats and municipalities.
- Representatives of local bodies.
The sub-committee office is located in the District Collector's office. The District Registrar handles correspondence and compiles property market value data according to the sub-committee's decisions.
Estimation and public participation
The Tamil Nadu Stamp rules provide the following process:
- The Valuation Committee should, as far as possible, issue annual instructions in the first week of October for guidelines for the next calendar year.
- A valuation sub-committee must publish its intention to estimate or revise guidelines in local newspapers and on notice boards of important offices.
- The public may submit objections and suggestions during a period of 15 days.
- District Registrars must consider the submissions and place them before the valuation sub-committee.
- Statements must show average rates for agricultural, residential, commercial and industrial property, arranged by village and local body.
- Approved statements are public records and must be permanently preserved in the relevant District Registrar's office.
Factors used for valuation
The Tamil Nadu Stamp rules require consideration of factors relevant to each property type. For agricultural land, these include land classification, soil, nearby land values, crops, average yield, roads, markets, location, transport and irrigation. For house sites, they include local values, transport links, shops, public offices, hospitals, educational institutions, development and industrial activity.
Building valuation is based on data provided by the concerned Superintending Engineers of the Public Works Department. The Valuation Committee may defer revisions, retain the last revised guidelines for a year, or order special revisions to correct anomalies, with reasons recorded.
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 market value guideline?
Yes. The valuation sub-committee must publish notice of the proposed estimation or revision, and a period of 15 days may be allowed for public objections and suggestions.
Where can I find approved market value guideline statements?
Approved market value guideline statements are public records. They must be preserved permanently in the office of the concerned District Registrar.
What happens if market value guidelines are not revised for a year?
The Registrar of the district may instruct registering officers to use the last revised guidelines for the year in which a revision is not undertaken.
Can an incorrect or anomalous guideline value be specially revised?
Yes. The Valuation Committee may order a revision in a specified area to correct an anomaly and may also order a special revision for a sub-district or district, with reasons recorded.
