The procedure for cadastral valuation of real estate has changed

Russian legislation, like any other, changes periodically. New laws are being passed, while others are being discontinued or revised. It is not uncommon for existing legislation to be amended.

In 2020, one of these changes was the law on the procedure for cadastral valuation of real estate. The previous rules have been in effect since 2016. The previously adopted law regulated the principles and procedure for conducting cadastral valuation, as well as outlined other points related to this issue.

What has changed

Some amendments have been in effect since the beginning of 2021.

For example, provision 9 of Article 37 of Federal Law No.

37 has changed. Rosreestr will no longer conduct one-time inspections related to the issue of cadastral value of objects. Now this structure is obliged to continuously monitor how the requirements of this law are met.

The changes also affected article 14, which defines the factors according to which the cadastral value is calculated. These include the following points: year of construction of the building; location of the object; house series; the material from which the walls are made; the current technical condition of the object.

Changes have also been made to the issue of correcting cadastral valuation errors. Now this procedure has been significantly simplified. The organization may submit a corresponding request within 5 years from the date of making changes to the Unified State Register of Legal Entities.

If an error is detected, it is given up to 45 days to correct it.

Previously, the cadastral assessment had to be carried out every 3-5 years. Now this will have to be done every 4 years. However, this rule will come into force later (from 2022 - for land plots, from 2023 - for buildings, structures and other objects).

Cadastral value in the amount of the market value

To establish the cadastral value of real estate in the amount of the market, you need to contact the budget institution or the MFC. Moreover, the application must be submitted within 6 months from the date of the market evaluation of the object.

Previously, this issue could only be resolved through a special commission or by applying to the court.

Reasons

Changes in the legislation in the field of cadastral valuation are due to the imperfection of the existing norms. Naturally, in such circumstances, the state makes amendments. Some provisions will take effect from 2021, and some will come into force later.

The question of the discrepancy between the cadastral and market value has been raised for a long time. It is logical that the procedure for cadastral valuation of objects has been revised.