Cadastral Valuation of Real Estate in Russia

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International Property Tax Institute Institut international de la fiscalité immobilière

Cadastral Valuation of Real

Estate in Russia

Event sponsors:

Presented at the International Property Tax Institute

15 th

_{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

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State cadastral evaluation

2 Filing the

Filing the

CADASTRAL

VALUE

to

The State

Cadastre of real

Estate

The Subject of The Russian Federation, RF

Rosreestr

Valuer

Self-regulatory organization The Subject of The Russian Federation, RF

Customer

Investigation of

disputes on the

results

Selection of the

contractor and

conclusion of the

agreement

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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

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The State Cadastre of real Estate

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Real estate market analysis

What

Where

Official sites of the Executive bodies

The laws on administrative-territorial division

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

Analysis of the economic and geographical position

of the subject of the Russian Federation

Analysis of the economic and geographical position

of 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

-6 -4 -2 0 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 0 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

120% 130% 140% 150% 160% 170% 180% 190% 200% 210% 1 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 7 8 91011121 2 3 4 5 6 2008 2009 2010 2011 2012 без исключения с езонных и календарных факторов с исключением с езонных и календарных факт оров (янв арь 1995 - 100%)

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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

objects

12. Objects of other purposes

Objects under construction

Housing stock

_{Uninhabited stock}

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Analysis of the list of objects of the assessment, collection of

information

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

Report about the

determination of the

cadastral value

Report about the

determination of the

cadastral value

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Construction of the statistical models of evaluation and determi

nation

of the market value of real estate objects

Definition of market value

of 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

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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Making a Report on the cadastral value determination and Expert

review of

the Report

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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

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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