On 2 March a new procedure for assessing the cadastral value of real estate comes into force in Russia. It makes it possible to avoid a number of errors, for example in calculating the value of parking spaces and of unfinished houses. According to experts interviewed by RIA Nedvizhimost, the updates to the methodology are technical in character and, on the whole, will not affect the level of the cadastral value of real estate.
As the press service of Rosreestr stated, the updated methodology closes gaps in the law on valuation activities adopted in 1998. This matters for those regions that have not yet moved to valuation under the rules of the law on state cadastral valuation approved in 2016.
The new procedure, in particular, lays down rules for determining the cadastral value of parking spaces, objects of unfinished construction and unified immovable complexes.
The calculation of cadastral value itself has remained the same. The changes are minor and concern only those constituent entities of the Russian Federation in which a cadastral value approved under the law on valuation activities is still in force,
- says Sergei Pivovarchik, managing partner of Consul Group.
In his words, there is no question of a revaluation of real estate, because the new rules apply only to properties that are formed or changed after the updated methodology comes into force.
"Given that, under both the new rules and the old ones, cadastral value is determined on the basis of the results of the latest state cadastral valuation carried out in the constituent entity of the Russian Federation in accordance with the legislation on valuation activities, these innovations will not, on the whole, affect the level of cadastral value in the region," Rosreestr stressed.
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