Maharashtra Stamp Rules, 1995

• The Maharashtra Stamp (Determination of True Market Value of Property) Rules, 1995, help to determine property values for stamp duty purposes.

Valuation Guidelines

• Issued by the Chief Controlling Revenue Authority.
• Used to determine property market value based on the Annual Statement of Rates.

Annual Statement of Rates

• Prepared by the Joint Director of Town Planning and Valuation, Maharashtra State.
• Must be submitted to the Chief Controlling Revenue Authority by the last day of February each year.
• Contains average rates of lands and buildings in different administrative areas like talukas, municipal areas, and villages.
• Data is categorized ward-wise/zone-wise for urban areas and taluka-wise/village-wise for rural areas.
• Classifies properties into groups based on land type, construction, location, and situational advantages/disadvantages.
• The Chief Controlling Revenue Authority approves it.
• It helps determine market value for stamp duty assessment.
• Officers must follow valuation principles and guidelines to ensure fair valuation when calculating average rates.

Valuation Officer (Stamp Duty)

• Appointed under sub-section (6) of Section 32A of the Maharashtra Stamp Act.
• Assists in determining the true market value of properties.

Disputing Valuation

• Property owners can apply for revaluation by the Chief Controlling Revenue Authority if they disagree with the Annual Statement of Rates.

Factors in Determining Market Value

• Property location.
• Construction type.
• Situational advantages.
• The owner's occupation is not a factor.

Assistance in Preparing the Annual Statement of Rates

• Other government-appointed officers assist the Joint Director of Town Planning.

Legal Basis

• The Maharashtra Stamp Act governs stamp duty valuation.