For real estate professionals, buyers, and property owners, figuring out a land plot’s cadastral value is an essential step in the process. Property taxes, sales prices, and legal transactions are all impacted by this value. You can make wise decisions and confidently navigate the real estate market by being aware of how it’s calculated.
The cadastral value is determined through a systematic process that considers a number of variables; it is not just a fixed figure. These consist of the land’s location, size, use, and state of the local economy. Every one of these components is important in deciding how much the property is ultimately worth.
First, the plot of land’s location is looked at. In general, properties in urban areas or close to important facilities like hospitals, schools, and transportation hubs are worth more. Plot size is also important; bigger plots typically have higher values, though the rate per square meter can change depending on the area in total.
Another important consideration is the land’s intended use. The value of land designated for commercial use differs from that of land designated for residential or agricultural use. It is imperative that this distinction be made since it affects the plot’s development and income prospects.
Finally, recent sales data and the state of the local market are taken into account. An increasingly precise and equitable cadastral value can be determined by examining the prices of comparable properties in the neighborhood. This guarantees that property trends and current economic realities are reflected in the valuation.
- What is the cost of land??
- Calculation method
- What formula and how to calculate?
- Description of calculation and example
- Changing data entered into the cadastre
- Useful video
- Video on the topic
- (Part 1) Seminar-workshop "Practice of challenging cadastral value in Commissions and courts"
- New methodology for determining cadastral value
- How the cadastral value of buildings and land plots is challenged
- Changing the cadastral value of land plots
- How cadastral value is calculated?
- How the cadastral value of real estate is determined?
What is the cost of land??
The cost per square meter in a quarter, expressed in Rosreestr, is the primary determinant of a plot’s price and composition. The area is multiplied by this number.
More precise computations additionally consider:
- category of land;
- type of use;
- location of the settlement;
- quality of infrastructure (absence/presence of utilities for water, gas, electricity);
- age of the site, topography, soil quality;
- absence/presence, quality, quantity of buildings;
- environment, economic and social development.
The local government decides what kind of use is appropriate. The plot is utilized for the buildings’ intended purpose, if any exist. The maximum specific indicator is chosen if the location is used for more than one purpose.
Calculation method
The two methods of calculation are profitable and comparative.
Utilized initially to assess typical plots in rural settlements, horticultural areas, and populated areas.
Data on the prices at which three or five comparable plots have sold is examined and offered for sale.
Second, the method uses previously acquired information to calculate rent when land is used for commercial purposes.
A similar method is applied: minerals are present on land where a forest is growing.
For every indicator, a unique integral indicator has been created.
What formula and how to calculate?
Due to the algorithm’s complexity, only appraisers are capable of performing accurate computations. Multiplying the area by the cost per square meter for the quarter will yield the average amount. Afterwards, different coefficients are included and removed.
The most basic formula
Where Π = S * (Pο + Pс) * K
- S – area (m2);
- Pп – a function of linear type, allowing to take into account the features of the infrastructure (rub./m2);
- Pс is a function of parameters that take into account location and location (rub./m2);
- K – transition coefficient reflecting the indicators of the state classification.
Information can be found on the Rosreestr website.
Description of calculation and example
You must click the link https://rosreestr.ru and choose the "Public cadastral map" section in order to access the data. Enter the locality’s name or cadastral number in the line that appears after selecting the search option.
For instance, a table will show up if you type "Omsk" and select "Omsk cadastral district":
A list appears when you select "Plots" from the drop-down list:
When the desired area is chosen, the following fundamental data is displayed on the screen:
You must utilize the thematic map in order to obtain additional data:
For instance, the plot size is 500 m2, the location coefficient is 1000 m2/ruble, the infrastructure coefficient is 2000 m2/ruble, and the transition factor is 4.
500 * (2000 + 1000) * 4 = 6 million rubles.
A methodical approach is used to ascertain the fair market value of a land plot for tax and legal purposes in order to calculate its cadastral value. As part of this methodology, the location, size, usage, and infrastructure of the plot are all analyzed. The process guarantees an equitable and accurate assessment that reflects the land’s true worth by utilizing current market data and standardized appraisal techniques. This provides crucial information for government authorities, buyers, and property owners.
Changing data entered into the cadastre
Changes can be made ahead of schedule if one of the indicators has changed in the event that the plot owner disagrees with the cadastre data when renting or selling:
- category of land;
- ownership;
- address;
- description of location;
- square;
- natural objects have disappeared (pond, forest).
Documentation is necessary for every change. The application can then be sent to the Rosreestr office.
To ensure that the information is accurate, it is advised to request a certificate after entering the updated data.
Useful video
Watch this informative video to learn about cadastral value, how it’s calculated, and how it can be contested without doing your own math.
| Steps | Description |
| Step 1 | Gather all relevant property data, including location, size, and usage of the land plot. |
| Step 2 | Analyze market data to determine the average price per square meter in the area. |
| Step 3 | Adjust the average price based on specific features of the plot, such as accessibility, zoning, and any improvements. |
| Step 4 | Calculate the land plot"s value by multiplying the adjusted price by the total area of the plot. |
| Step 5 | Review and validate the calculated value with local real estate trends and official guidelines. |
Buyers, sellers, and other real estate investors must all comprehend the process used to determine a land plot’s cadastral value. This procedure guarantees equity and openness in real estate dealings, taxation, and land-related decision-making. A better understanding of the different components and procedures involved enables stakeholders to predict the financial effects of purchasing or owning land.
A thorough assessment is conducted to ascertain the cadastral value, encompassing an analysis of the land’s location, size, use, and market conditions. This figure can have a big impact on the total cost of land ownership and is crucial in determining property taxes. Landowners can better plan their finances and make educated decisions by understanding the formula used to determine this value.
Furthermore, it’s critical to keep up with any modifications to the methodology since they may have an impact on tax obligations and property values. Landowners may stay ahead of these changes with the assistance of frequent updates from local government agencies and industry experts. In the end, everyone who is involved benefits from a clear understanding of the cadastral value calculation process, which promotes a more open and equitable real estate market.
