Valuation of real estate and land plots
Expert appraisal of real estate and land plots
Expert appraisal of property is a set of works aimed at determining the market value of the object, and is an additional justification for the fact that the real estate transaction is carried out at the level of ordinary prices.
When making transactions related to real estate and land plots, you will definitely need an appraisal of the real estate in respect of which these transactions and transactions are carried out. As a rule, when preparing such transactions, the notary will insist on the need to conduct an expert appraisal of the object and provide it with a Report on such an appraisal. The appraisal report is an official document on the basis of which mandatory payments are calculated.
Usually, the appraisal value indicated in the Appraisal Report serves as the basis for calculating taxes and fees that are paid when making a transaction with this real estate object or land plot.
Such an economic valuation of property is formed based on the following data:
• general price level;
• market situation;
• construction cost of similar objects.
In addition, when conducting the evaluation procedure, the parameters of the real estate object itself are taken into account:
• the material from which the building is built (brick, panels, monolith);
• the type of object (land plot, cottage, apartment, non-residential building, industrial building, etc.);
• intended purpose (in the case of evaluating a land plot);
• total area;
• location (urban or suburban development, settlement);
• location in the city and accessibility of infrastructure (center, suburbs);
• year of construction;
• condition of the object;
• other parameters.
Important point: all expert opinions on the value of real estate can be performed only by certified appraisers and must be drawn up in the form of a Report corresponding to the national standard. Otherwise, the notary may refuse to confirm the legality of the transaction.
Normative monetary valuation of land plots
Normative monetary valuation of land plots is an assessment that must be carried out when concluding land lease agreements, for calculating tax obligations, and in some other cases.
Features of implementing the regulatory and monetary valuation of land plots
Land plots within settlements (of any purpose):
• for land plots within settlements, a normative monetary assessment has already been carried out under the national program and under the programs of local communities;
• updating the normative monetary assessment of land plots within settlements, in accordance with the provisions of the Legislation, should be carried out every 5-7 years. The responsibility for updating the normative monetary assessment of land within settlements is currently assigned to local territorial communities;
• to obtain Extracts on the normative monetary assessment of such land plots, you must order and receive an Extract through the portal of the State Geocadastre or the Centers for the Provision of Administrative Services (CNAP);
• if you need to order an Extract from the normative monetary assessment of your land plot, our specialists will help you with this issue.
Agricultural land plots outside settlements
• for agricultural land plots outside settlements, a normative monetary assessment has already been carried out under the national program;
• to obtain Extracts on the normative monetary assessment of such land plots, you must order and receive the corresponding Extract through the portal of the State Geocadastre or the Centers for the Provision of Administrative Services (CNAP);
• if you need to order an Extract from the normative monetary assessment of your land plot, our specialists will help you with this issue
If the normative-monetary assessment of your plot is not in the database of the State Land Cadastre
• if your plot of land for some reason is not included in the mass of those plots for which the normative-monetary assessment was carried out at the national level and at the level of local communities - to obtain an Extract on the normative-monetary assessment, it is necessary to carry out a more complex procedure, namely:
• develop Technical documentation on the normative-monetary assessment of the land plot (certified land management organizations have the right to develop this type of documentation; our Company also specializes in the production of such Technical documentation);
• approve it in local government bodies or State authorities (according to the status of a specific land plot);
• after approval of the Technical Documentation – enter data on the conducted and approved assessment into the State Land Cadastre (certified land management organizations also do this, as a rule – this should be done by the same organization that developed the relevant Technical Documentation on the regulatory and monetary assessment of your land plot);
• after that, it is possible to obtain an Extract on the regulatory and monetary assessment of such land plot through the portal of the State Geocadastre or the Centers for the Provision of Administrative Services (CNAP).
Our company develops Reports on expert appraisal of real estate and land, and Technical documentation on regulatory and monetary valuation of land plots
Our appraisers and land surveying engineers are experienced specialists who have all the necessary licenses and certificates, and the appropriate experience and qualifications to conduct both expert appraisal of real estate and land plots, and to develop Technical documentation on regulatory and monetary valuation of land plots.
You can get answers to the most common questions about the valuation of real estate and land plots on the "Questions and Answers" page.
To receive information that is relevant and correct for your task, we recommend that you contact us for a free consultation using the Feedback Form or by phone, e-mail, WhatsApp, Telegram. Our contacts are listed in the "Contacts" section. Our specialists will provide you with answers and consultations on your questions.