Land valuation from an economic point of view is the calculation of the cost of a plot taking into account a variety of parameters: location, area, purpose, proximity to utilities and infrastructure, prospects for use, etc. In order for the calculations to be as accurate as possible, it is necessary to involve experienced practitioners with extensive knowledge in a variety of fields in the valuation activities.
You can find expert appraisers of similar qualifications to work on sites in Tashkent by contacting the BIG Group of Companies. Our employees will quickly and efficiently assess territories of any size and prepare reporting documents that have legal force.
Why is land assessed?
The appraisal report will help solve a number of problems, including:
Registration of inheritance – based on the market value of the plot, the notary calculates the amount of the state fee.
Obtaining loans from a bank secured by land – as a rule, financial institutions need data not only on the market value, but also on the liquidation value (it can be used to quickly sell the plot if the borrower refuses to repay the loan).
Disputes over cadastral value – the tax base is calculated based on data obtained during the state land appraisal. However, when conducting such a procedure, mass, uniform methods are used that do not take into account the specifics of each specific site. Therefore, the figures obtained are sometimes 2 or even 3 times higher than the real market value. Information obtained during an independent appraisal will reduce the amount of taxes.
Resolution of pre-trial and judicial disputes – a report prepared by an employee of the Platinum group of companies is completely legitimate, which means it can be used during investigative and judicial proceedings.
Purchase or sale of land.
Conclusion of an insurance contract – based on the data from the report, the insurer calculates the amount of monthly contributions and possible payments for insured events.
Division of property, for example, during divorce proceedings.
Leasing of land.
For legal entities: revaluation of fixed assets, inclusion in the authorized capital.
Specifics of land appraisal
The appraisal of a land plot is carried out taking into account its category, as well as the goals and objectives set for the expert by the customer. For example, if it is necessary to assess the value of settlement lands, the specialist will take into account:
market offers for similar plots;
current rental rates;
average price values;
development of infrastructure;
transport accessibility;
environmental conditions;
presence of historical and architectural value.
When calculating the value of agricultural lands, completely different factors are taken into account, for example:
crop yield;
pasture productivity;
number and quality of green spaces;
structure of sown areas;
ratio of costs of growing products and their value on the market.
That is why appraisal activities should be carried out by qualified specialists with extensive practical experience: they know the nuances of calculating the value of certain territories, are sufficiently informed about the current market situation, as well as the plans of local authorities regarding the development of individual areas (for example, lands near a future highway sharply jump in price). By turning to our company’s expert appraisers for help, you receive the most accurate and prompt calculations, for the maintenance of which the performers bear financial responsibility.
What types of land are subject to appraisal?
The qualifications of the specialists of the BIG Group of Companies allow us to carry out appraisal activities in relation to all categories of land holdings in Tashkent and other regions of the Republic of Uzbekistan:
Undeveloped territories belonging to the state – they are not a “profitable” object, therefore, from a legal point of view, the term “land appraisal” is applicable to them;
Developed land holdings capable of generating commercial income or material benefits – the term “land appraisal” is applicable to them.
Independent appraisal of the cost of a land plot is possible in relation to:
plots in summer cottage and garden associations;
land issued for individual housing construction;
territories for agricultural purposes;
industrial plots;
forestry and water management;
land for commercial purposes;
plots for the construction of apartment buildings and residential complexes.
Sign up for a free consultation to clarify the nuances of your land assessment.
Documents required for the appraiser’s work
The exact list of documents largely depends on the specifics of the site being examined. As a rule, the list must include:
title documents;
if the site is leased, then the lease agreement;
cadastral passport;
documents and details of the customer.
