Determination of the normative price and market value of land plots, methodology, and comparability in the current situation. Land plot valuation based on the example of Georgia

Abstract

The document describes the methodology for the normative and market determination of non-agricultural land plots in Georgia, including the legal framework, legislative registration and valuation practices.

The normative order on the state technical regulation of the economy, approved by the Ministry of Economy and Finance of Georgia on January 25, 1999 (№6-№18) and based on the base rate of land tax (0.24 GEL/m²), macro-location and zonal indices and adjustment coefficients, which is 20. This price is intended as the initial cost of the necessary material for the privatization or auction of state land. Depending on the administrative status, economic, infrastructure and geographical parameters, the zone is divided into central, intermediate and peripheral zones.

Market value, a draft law, which was determined by a private independent or Levan Samkharauli-named National Bureau of Forensic Expertise, an analysis of the previous year's accounting analogues. It uses various operations: sale, mortgage, insurance contracts, taking into account the balance sheet, etc. The assessment is determined by the location of the land, lighting capabilities, infrastructure, rights and restrictions, ecological condition and other characteristics.

The definition of agricultural land, which contains information on product yield, cultivation costs and market prices, is also considered.

The document is based on the current legislation, practical methods of assessment of state bodies and analysis.