land price sisaket

[hotrod4098]

got some title deeds..think its a stitch up

price per rai and what title deeds are there

[Farma]

Price depends on many factors. Location, water etc.

Land titles are slowly being upgraded. Titles in some areas are now chanote going down from there.

As for price, I know of chanote rice farm in town boundaries being bought by Thais for Baht 450k per rai and rubber farms down near the border for less than Baht 40k per rai.

[hotrod4098]

5 rai sirratana sisaket...was quoted 650000..off the mail highway..by a river..

[Farma]

It would be hard to determine the going price unless you have local knowledge of what properties closeby sold for recently.

That 450k per rai land i mentioned above was determined on the price a plot next door sold for. At the same time another plot across the road was asking 700k a rai.

A year after the plot i mentioned was bought, the Thai owner was approached by a valuer from a bank asking their opinion on the value of another plot closeby. It just goes to show that even the banks aren't too sure on land valuations.

[Dakling]

Our area, farm land starts at about 25k/rai and goes up to 100k/rai. Lower price would be for rice paddy land that floods regularly and has no access to good roads or electric and has no proper title. High side would be for good cassava/rubber land with road access and maybe electric. Almost zero chanote land where we are other than for building plots.

[loong]

5 rai sirratana sisaket...was quoted 650000..off the mail highway..by a river..

Many people mistakenly believe that land value can be calculated by using the average asking price in the area.

The value can only be what somebody is prepared to pay.

Whether 650,000Bt for 5 rai is a rip-off or not can only be determined by what the prospective buyer intends to do with the land and what the land is suitable for.

For example, if the land is only suitable for rice and the buyer intends to grow rice, maybe it is possible to earn x Baht per year with 2 harvests and after paying labour costs and other expenses. You then have to decide whether paying 130,000Bt per rai is reasonable for the likely return. Probably not.

[teletiger]

If you go to your district/provincial land office, they can give you their price valuations for various areas. They update these prices every 2 years or so. They won't take into account very local stuff (great views, etc) but are a good place to start and most farmers use this as a base price.

Regards.