Where can I find out the cadastral value of an apartment? Cadastral value of an apartment: what is it and how to find out

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Not so long ago in Russia, all real estate transactions were carried out only on the basis of market and inventory value. The government decided to introduce such a concept as the cadastral value of an apartment. Market and cadastral value have now become the two main concepts in the assessment. This is due to the fact that the market value is quite often set bypassing state structures, and the inventory value is calculated using complex algorithms, therefore it is often out of touch with reality. You should understand the concept of "cadastral value of an apartment": what is it and how to find it?

Purpose

The main purpose of this development was the payment of taxes, which are intended to fill the budget in connection with the acquisition, use or sale of an apartment. Previously, this amount was determined by BTI as an inventory costobjects, and now the analysis testifies in favor of the fact that this value is significantly underestimated in comparison with the market value of real estate, which is why the budget does not receive significant financial injections from the population. If we talk about how you can find out the cadastral value of a land plot or apartment, then it should be noted that its calculation is carried out using a mathematical model that takes into account the main factors of market information.

Cadastre

The cadastral price is indicated in the cadastral passport of a residential property. If you need to apply for a mortgage loan at a bank, sell or exchange an apartment, you need to have an official document on hand, which confirms the cadastral value of the apartment. In a sale and purchase transaction, you are en titled to a one-time tax deduction.

Cadastral and inventory value: difference

From the current year, the calculation of tax payments is carried out only on the basis of the cadastral value. When calculating the cadastral value, the full range of construction costs is taken into account, traditional coefficients recognized as the main ones, including the year of construction and the area of the apartment. The cadastral value is as close as possible to the market value, and the inventory value is often 10 times lower, which leaves its mark on its application. Depending on the region of the country, the cadastral value indicator can vary greatly. This can be explained by only one factor: not all regional Real Estate Valuation Officesthere are powers to include the price of the land on which the object is located in the cadastral value. This type of calculation equates this indicator to the inventory price. When taking into account the price of land, the price tag increases by about 70%.

The answer to the question of how to calculate the cadastral value of your apartment will be as follows: you need to determine what indicators are included in the calculation when conducting an assessment in a particular region of the country. In this case, you can expect to receive a more or less accurate answer.

Main differences from market value

If the owner is faced with the task of selling real estate or pawning it in a bank, then the real price tag usually serves as the initial data for him. While the cadastral value is intended to be fully consistent with the market value, it very often does not reflect the current situation at all. The market value is intended to complete a complete list of transactions, and the cadastral value is not always needed, for example, when inheriting real estate, it is not necessary. In calculating the market value, the condition of the apartment at the time of sale is necessarily taken into account, usually the level of value is determined by mutual agreement between the seller and the buyer. To obtain a documented assessment of the market value, it is required that the owner turn to the services of independent appraisers, in which case it will become clear how much to request. If you figure out where to find out the cadastral value of an apartment, then this issue is usually resolved inrelevant authorities. For these purposes, there is a special register, which indicates the cost of housing based on the results of an assessment carried out by the cadastral authorities.

Getting a loan and real estate appraisal

You can order an examination of your own apartment from an independent appraiser who will issue a documented opinion. It can be safely presented to buyers or employees of the banking sector. In this case, you will not need to decide where to find out the cadastral value of the apartment, since you will already have the appropriate document on hand. It is important to remember that when applying for a loan or mortgage at a particular bank, you need to use the services of an appraisal company that is accredited by this institution. Its assessment will not depend on the results of examinations already carried out by other structures.

Where can I find out the cadastral value of an apartment?

Within the same city, housing prices often vary greatly. Often the cadastral value of an individual apartment is formed depending on its location. If you decide where to find out the cadastral value of an apartment, then there are several ways to obtain the required information. The very first is to look in the cadastral passport, which is issued at the Cadastral Chamber. If some important operations were carried out with the apartment, then the cost must be indicated in the eighth paragraph of the document. You should know that if the passport of the apartmentthe cost calculated before 2012 is indicated, then it is no longer valid, so there is a need to order a new document.

So, when deciding where to find out the cadastral value of an apartment, you should know and where you can order the release of a document containing this information. We are talking about the Rosreestr website. There is a special form for this. The determination of the cadastral value will be made as quickly as possible if the information about the apartment is specified accurately enough. You should find a service with reference information online, indicate the address of the apartment you are interested in, after which this object will be shown on the interactive map, and after clicking on it, the information you need will appear on the screen. All information will be presented in a printable form, but this is done for review, such a document has no official force. Therefore, when deciding where to find out the cadastral value of an apartment, you must remember that you must contact the Rosreestr branch to obtain an official document.

Appeal to the Cadastral Chamber

If the document is obtained in this way, then it can be presented at the notary's office. The certificate is issued after the request is completed, during the working week, provided that you provide a package of necessary documents. In the usual manner, that is, within a week, a certificate is issued free of charge, but if necessary, you will need to pay urgently to get it.

Relationship between cadastral value and tax calculation

These two parametersquite closely related. If the cost of the apartment according to the cadastre is more than 300 million rubles, then the regional authorities may decide to increase the tax rate to 1%. For apartments that cost less, the rate remains at around 0.1%. Many owners are interested in the cadastral value if they want to sell a privatized apartment that has been privately owned for less than 3 years. This is quite understandable, since the tax rate in this case is 13%. But if you want to sell an apartment below the cadastral value, the losses will be higher for you, since in this case the powers of the tax authorities allow you to increase the tax on the sale and purchase transaction by 0.7 times the price in the cadastre.

Disputes over cadastral value

The last two years have been spent on carrying out titanic work to revise all indicators of the cadastral value for real estate in the regions. This was done because of a strong discrepancy with the real market situation. But in some regions, this caused an increase in the real price of a number of objects. If you wish, you can challenge the cadastral value if you are convinced that the assessment was not carried out correctly.