“Fairer Valuations, Transparent Deals – TN’s New Property Rulebook Begins.”

Tamil Nadu Reforms Property Valuation: Composite Value Introduced, Guideline Revisions Made Flexible. 

The Tamil Nadu government has overhauled property valuation rules to boost transparency and fairness. Effective June 23, the revised stamp duty framework introduces composite value—which includes both super built-up area and undivided land share — for apartments, villas, and row houses. Previously implicit, this term is now formally adopted in legal documents, aligning with actual market practices. A major shift is the flexibility for guideline value revisions, now allowed anytime during the year instead of only in October. This will help bridge the gap between market and guideline rates, especially in areas like Nanganallur and T. Nagar. Officials will now consider factors such as construction quality, road width, and location for valuations. While experts welcome the change, they advise gradual guideline revisions and lower stamp duties to aid genuine buyers and reduce black money.