Date: 2025-06-23Category: Not ApplicableState: Tamil NaduCountry: India
Amendments to the Tamil Nadu Stamp (Constitution of Valuation Committee for estimation, Publication and revision of Market Value Guidelines of Properties) Rules, 2010.
**Executive Summary**
This document from the Government of Tamil Nadu, published on June 23, 2025, contains amendments to the Tamil Nadu Stamp (Constitution of Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules, 2010. These amendments pertain to the estimation of market value guidelines of properties and the inclusion of definitions and procedures related to "composite value" and "super built-up area." The amendments are effective from a date specified by the Valuation Committee, potentially at any time of the calendar year.
**Key Points / Main Content**
* **Definitions (Rule 2 Amendments):**
* "Composite value" is defined as the market value of apartments/flats/villas/villament/row houses, including undivided land share, calculated based on super built-up area.
* "Immovable property" is defined as per clause (6) of section 2 of the Registration Act, 1908.
* "Super built-up area" is defined as the total property area, including built-up area and common areas (lifts, staircases, etc.).
* **Market Value Estimation (Rule 4 Amendments):**
* The expression for State level estimation of market value guidelines of properties should be in par with the increase or decrease in market value of each survey number, sub-division number, streets, roads as the case may be.
* If no general revision has occurred in the preceding year, the Valuation Committee can issue instructions for general revision at any time during the current calendar year, effective from a date they specify.
* Upon receiving estimated or proposed market value guidelines, authorities must publish them.
* The Valuation sub-committee shall meet as often as it may require to consider.
* The procedures for estimating market value guidelines under the sub-rules are also applicable to the estimation or revision of composite value.
* **Estimation of Composite Value (Rule 5 Amendments):**
* When estimating the composite value for apartments/flats/villas/villament/row houses falling under the Tamil Nadu Apartments Ownership Act, 2022, the following factors apply:
* Amenities provided in the apartment;
* Location of the apartment in relation to market, bus stand, railway station, etc.;
* Width of the road on which the apartment is situated;
* Quality of construction of the apartment;
* Any other special features having a bearing on the valuation of the property.
**Impact Analysis**
**Valuation Committee**
* **Impact:** The committee gains the ability to issue instructions for general revision at any time during the calendar year if no general revision has taken place in the preceding year.
* **Action Required:** Record reasons for issuing instructions for general revision if no general revision has taken place in the preceding year. Implement the amendments related to composite value estimation.
**Property Owners/Buyers/Sellers of Apartments/Flats/Villas/Villament/Row Houses**
* **Impact:** The definition of "composite value" and "super built-up area" affects how the market value of these properties is determined for stamp duty purposes.
* **Action Required:** Understand the new definitions and how they impact property valuation and stamp duty calculations. Be prepared to provide information on amenities, location, road width, and construction quality when assessing property value.
**Registration Department**
* **Impact:** The department must implement the revised rules and definitions during property registration and valuation.
* **Action Required:** Update internal procedures and guidelines to reflect the new definitions of "composite value" and "super built-up area." Train staff on the new valuation procedures.
**General Public**
* **Impact:** This document provides clarity and guidelines on the valuation of properties, particularly apartments and similar housing types.
* **Action Required:** Stay informed about the changes in property valuation rules and regulations.
Key Entities Referenced
Tamil Nadu Stamp (Constitution of Valuation Committee for Estimation, Publication and Revision of Market Value Guidelines of Properties) Rules, 2010: The principal rules being amended by this notification, related to the constitution of a committee for valuation of properties.
Indian Stamp Act, 1899: Central Act providing the legal basis for the amendments.
Tamil Nadu Apartments Ownership Act, 2022: Legislation related to apartment ownership that is referenced for specific valuation considerations.
Commercial Taxes and Registration Department: Department of Tamil Nadu Government issuing the notification.
Chennai: Location where notification is published.