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Rules Tweaked in TN for Revising Asset Value
The New Indian Express
|July 19, 2025
The Tamil Nadu government has amended the rules for estimation and revision of guideline value of properties, or market value guidelines (MVG) as it's officially known.
The amendment will potentially enable the government to do a state-level revision of MVG through the Valuation Committee (VC) expeditiously without going through decision-making process involving district-level committees.
These amendments to the Tamil Nadu Stamp (Constitution Of Valuation Committee For Estimation, Publication And Revision Of Market Value Guidelines) Rules of 2010 could have wider implications on revision of MVG and cost of registering properties by buyers.
The amendments were notified on June 23.
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