Disproportion between the cadastral value of land and its actual market value may lead to unreasonable financial expenses. This problem became a burning issue already in 2013 when revision and increase of the cadastral value resulted in significant increase of land prices.
Cadastral value is a price indicator calculated on the basis of the land category and specific indicators and it characterizes the land value in the current conditions of land tenure as of the moment of evaluation. Market price is a more objective indicator which reflects the current market state, thus making it a more flexible indicator which takes into account all peculiarities of specific lands.
Difference in approaches to cadastral and market evaluation causes difference in calculations and final results:
When performing cadastral calculation one often tends to wrongly assign a land plot to a particular type of land tenure, thus causing tenfold or larger difference between evaluations of the same land plot depending on a particular type of land tenure.
The problem of disproportion between cadastral and market values may not have turned into such a burning issue, if it weren’t for one condition. Cadastral value is the basis for calculation of numerous financial indicators, including taxes, rental cost, repurchases prices for federal, regional or municipal lands. Overpriced cadastral value results in significant overpayments by land users.
The only way to change the current situation is to adjust the cadastral price in accordance with the market value. This procedure may be performed out of court (application to the Committee of The Federal Service for State Registration, Cadastre and Cartography) and in the court (legal action).
Perhaps, it will be interesting to you to learn how law firms react to changes and requirements of the market.
Right for legal action is granted to direct landowners and landholders as individuals and legal entities interested in actual evaluation of land tenures.
Perhaps, you will be interested in our service for legal support in transactions with the real estate.
In cases of disproportion between cadastral and market values one should avoid delaying the procedure of the cadastral value reduction. Every day of the delay leads to unreasonable expenses. However, lack of knowledge of all peculiarities of the procedure may also delay decision-making.
If you refer us, you will get an opportunity to achieve the required cadastral price reduction with a quick and positive result.
Send the cadastral number of your real estate to e-mail address [email protected] and we will analyse possibilities and prospects of the cadastral price reduction and determine the most efficient way of solving the problem for free.
Consultations on estimation of real estate value and ways of the cadastral value revision.