Land Appraisal Price

[stubuzz]

You can check your land price here, but i am not sure if it is correct because it is showing values from Thai years BE 2559- 2562.

 

https://assessprice.treasury.go.th/

 

Does anyone know how to get an updated price?

 

[Peterw42]

The dates sound about right, they value stuff every couple of years. The current valuation is from a couple of years ago, but still the "current" valuation.

The next valuation will probably be something like 2562-2565.

[Jenkins9039]

Valuations for tax purposes, but not exactly the price they sell for lol.

 

They should inflate the tax based on sale prices in the area/zone and then see thai's begin lowering their sale prices lol

[smutcakes]

They dont update it every year, they only do it periodically. They also obviously do not do it plot by plot. They look at an area, zoning and then put a % increase on the values depending on the zoning, location etc.

[bradiston]

It's nothing to do with market value.

[thaibook]

Of course, for condos the land office does not take the state of the unit into account.  What I find interesting is the increase for each higher floor gradually diminishes.  In my condo, the maximum price per sqm is for the 13/14 floor and higher floors are cheaper - but still more than the bottom 5 floors.

[khunPer]

On 11/24/2021 at 2:38 PM, stubuzz said:

Does anyone know how to get an updated price?

That's official valuations for tax and fees, and not in any way reflecting a trade price. In some cases a trade price might be 10 times or more higher than the official appraised price...????

[connda]

How it work.  I don't see a way to specific our land tracts?

 

[stubuzz]

I asked at the Land Office. We will use the BE 2559- 2562 valuations until next year.