Cadastral Valuation of Real Cadastral Valuation of Real Estate in - - PowerPoint PPT Presentation

International Property Tax Institute Institut international de la fiscalité immobilière

Cadastral Valuation of Real Cadastral Valuation of Real Estate in Russia Estate in Russia

Event sponsors:

Presented at the International Property Tax Institute

15th Annual Conference

Latest Trends in Property Tax and Valuation ● UK and Global Perspective 4-5 September 2013 Perthshire, Scotland By: Kanateva Irina, “GKR” LLC, Russia

State cadastral evaluation State cadastral evaluation

2 Filing the Filing the CADASTRAL CADASTRAL VALUE VALUE to to The State The State Cadastre of real Cadastre of real Estate Estate

The Subject

• f The

Russian Federation, RF

Rosreestr Valuer

Self- regulatory

• rganization

The Subject

• f The

Russian Federation, RF

Customer

Investigation of Investigation of disputes on the disputes on the results results

Selection of the contractor and conclusion of the agreement

International Property Tax Institute Institut international de la fiscalité immobilière

• 1. Real estate market analysis
• 2. Analysis of the evaluation objects list
• 3. Collection of information about the values of the pricing factors
• 4. Collection of market information
• 5. Construction of the statistical estimation models and determination of the

property market value

• 6. Making a report on cadastral value determination
• 7. Expert review of the Report

The main stages of the cadastral value determination The main stages of the cadastral value determination

3

International Property Tax Institute Institut international de la fiscalité immobilière

The State Cadastre of real Estate The State Cadastre of real Estate

4

International Property Tax Institute Institut international de la fiscalité immobilière

Real estate market analysis Real estate market analysis

What Where

Official sites of the Executive bodies Official sites of the Executive bodies The laws on administrative-territorial division The laws on administrative-territorial division Reviews of the real estate market Reviews of the real estate market The announcement of the purchase and sale of real estate objects The announcement of the purchase and sale of real estate objects Other sources Other sources Analysis of the economic and geographical position

• f the subject of the Russian Federation

Analysis of the economic and geographical position

• f the subject of the Russian Federation

Analysis of the current socio-economic conditions of development of a subject of the Russian Federation Analysis of the current socio-economic conditions of development of a subject of the Russian Federation Real estate market analysis Real estate market analysis

• 6
• 4
• 2

2 4 6 8 10 я н в . ф е в . м а р т а п р . м а й и ю н ь и ю л ь а в г. с е н . о к т . н о я б . д е к . я н в . ф е в . м а р т а п р . м а й и ю н ь 2011 2012

• 12
• 8
• 4

4 8 12 16 20 Инфляция (ИПЦ), лев.шк. БИПЦ, левая шк. Обменный курс рубля, % (правая шк.) И П Ц , Б И П Ц О б м е н н ы й к у р с р у б л я , %

5

Валовой внутренний продукт Gross domestic product Gross domestic product

International Property Tax Institute Institut international de la fiscalité immobilière

The State Cadastre of real Estate The State Cadastre of real Estate

Objects for evaluation

BUILDING, PREMISES

• 13. CONSTRUCTIONS
• 1. multi-family residential

building objects

• 2. individual residential

building objects

• 3. objects designed for transport

storage

• 4. garden objects, garden

construction objects

• 5. objects used for trade, public

catering, consumer services, leisure and entertainment, including multi-purpose objects

• 6. items intended for temporary

residence

• 7. objects for office and business

purposes

• 8. health-resort objects
• 9. objects for industrial purposes
• 10. objects of social infrastructure
• 11. ports, railway stations, stations
• bjects
• 12. Objects of other purposes

Objects under construction Objects under construction

Housing stock Uninhabited stock

6

International Property Tax Institute Institut international de la fiscalité immobilière

Analysis of the list of objects of the assessment, collection of Analysis of the list of objects of the assessment, collection of information information including data about the values of pricing factors including data about the values of pricing factors

Rosreestr Normative legal acts on administrative- territorial division Bodies of local self-government Statistics service Open sources of information

Special software Special software Report about the determination of the cadastral value Report about the determination of the cadastral value

7

International Property Tax Institute Institut international de la fiscalité immobilière

Construction of the statistical models of evaluation and determi Construction of the statistical models of evaluation and determination nation

• f the market value of real estate objects
• f the market value of real estate objects

Definition of market value

• f mass valuation methods

Statistical modeling Modelling based on standard unit

«Objects with incomplete characteristics» subgroup «Objects with incomplete characteristics» subgroup «Objects under construction» subgroup «Objects under construction» subgroup Other subgroup Other subgroup

1 group

multi-family residential building objects

1 group

multi-family residential building objects

2 group

individual residential building objects

2 group

individual residential building objects

4 group

garden objects, garden construction objects (urban settlements) (the cost approach)

4 group

garden objects, garden construction objects (urban settlements) (the cost approach)

12 group

Objects of other purposes (cost approach)

12 group

Objects of other purposes (cost approach)

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International Property Tax Institute Institut international de la fiscalité immobilière

Making a Report on the cadastral value determination and Expert Making a Report on the cadastral value determination and Expert review of review of the Report the Report

9

International Property Tax Institute Institut international de la fiscalité immobilière

Number of real estate objects included for in the State cadastre that are subject to state cadastral valuation : 790 67 817 (95 %) Number of real estate objects included for in the State cadastre that are not subject to state cadastral valuation : 3 400 928 (5%)

Number of real estate objects that are subject to state cadastra Number of real estate objects that are subject to state cadastral valuation l valuation

The Federal districts of the Russian Federation Number of real estate objects that are subject to state cadastral valuation Number of real estate objects that are not subject to state cadastral valuation

Far Eastern Federal district Siberian Federal district Ural Federal district North-Western Federal district Central Federal district Volga Federal district Southern Federal district North-Caucasian Federal district

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International Property Tax Institute Institut international de la fiscalité immobilière