Valuation activity involves establishing the value of real and movable property, as well as intangible assets, by professionals in the field of valuation.
The Moscow Regional BTI carries out an independent assessment of the value of real and movable property, depending on the purpose. Federal standards provide for the assessment of the following types of value:
— market (the most probable value of real and movable property when sold on the open market),
— cadastral (value established during the state cadastral valuation of real estate),
— investment (the value of a property as an investment, formed on the basis of the requests, goals and requirements of a particular investor),
— liquidation (the value of an object for which it can be sold in a short time. Such a sale is of a forced nature and the value will be significantly lower than the market value due to the circumstances of the sale).
The result of the assessment of the value of real and movable property is an assessment report
.
Valuation activities are carried out by experts - appraisers, who, based on the evaluation results, prepare an evaluation report. The following requirements apply to appraisers:
— according to the Federal Law on Valuation Activities No. 135-FZ, from April 1, 2021, an appraiser can carry out valuation activities only in the areas specified in the qualification certificate;
— the appraiser must be a member of a self-regulatory organization. SROs supervise compliance and implementation of the requirements of the Federal Law “On Valuation Activities in the Russian Federation”;
The Moscow Regional BTI has been providing assessment services since 2007. During this time, MOBTI has established itself as a reliable service provider in the field of valuation activities. MOBTI appraisers have qualification certificates in all areas of activity.
The Moscow Regional BTI carries out assessments of real and movable property.
MOBTI real estate valuation services:
— challenging the cadastral value of real estate, including land plots;
— assessment of the value of the property as collateral (mortgage);
— assessment of the value of a property for the purpose of purchase, sale or rental;
- entry into inheritance;
Challenging the cadastral value
The cadastral value of a plot is used when calculating land tax, rent, and the redemption value of a land plot when redeemed from state or municipal property.
To determine the amount of the tax base for the property of individuals or organizations, the cadastral value of capital construction projects is used.
Interested persons whose rights and obligations affect the results of the cadastral valuation (land owners) can challenge the cadastral value.
The grounds for revising the results of determining the cadastral value are the following conditions:
- When determining the cadastral value of an object, inaccurate information about it was used:
- at the time the cadastral value was determined, it exceeded the market value of the property.
You can challenge the cadastral value in the commission for resolving disputes about the results of determining the cadastral value or in court. On the territory of the Moscow region, such a Commission was created under the Ministry of Property Relations of the Moscow Region.
! The Moscow Regional BTI has launched a free electronic service “Check the possibility of challenging the value of objects”, which allows you to find out whether it is possible to revise the cadastral value of real estate, including land plots.
MOBTI specialists will check the data and, if the cadastral value of the property being assessed is higher than the market value, they will prepare a report on the assessment of the market value, which is a mandatory document for submission to the Commission.
General information
Previously, without an appraiser's opinion (BTI), it was impossible to carry out any real estate transactions. This was due to the calculation of real estate tax, which was based on the inventory value. However, in 2015, in accordance with the legislation of the Russian Federation, a project on the cadastral service was launched, the transition to which will be fully implemented before 2021.
To calculate real estate tax, there is a deflator coefficient, which depends on the current situation in the country, as well as on the depreciation of real estate. It is established by authorized bodies and will be used until the full transition to cadastral valuation of property.
Starting from 2021, the inventory report will no longer be a legal basis for calculating taxes from individuals. It is necessary to consider the main differences between these estimates.
Inventory assessment
Inventory assessment (cost) is the value of real estate, which is calculated in the BTI. She is an expert and is necessary for legal transactions when selling, buying real estate, registering a deed of gift for property, etc.
The assessed value of real estate is always lower than the market value and affects the amount of tax. The apartment is sold at one price, and the BTI values it at another. The tax price at market value is significantly higher than at assessed value.
The assessment takes into account the following factors:
- Housing area.
- Technical characteristics of real estate.
- Year of construction.
The main technical characteristics are the following: communications, main and load-bearing walls, window and door openings, type of foundation, cost of building materials, number of floors, etc. All these characteristics can be found out from the documentation for the apartment.
The inventory value of real estate is a subjective indicator, since the number of square meters and the cost of consumables are taken into account. Very important factors that influence the choice and purchase of housing are not taken into account. Valuation is often used in the following cases: exchange, registration of deed of gift, privatization of real estate, rental, purchase or sale.
Cadastral value
The cadastral valuation of any real estate differs from the inventory valuation, since it is formed by many criteria: number of floors, location, category, amenities, infrastructure, etc. Its value is approximately two times lower than the market value. It was developed by Rosreestr and determines the tax base. The cadastral valuation does not depend on supply and demand, like the market valuation. Real estate can only be assessed by Rosreestr employees who have the authority to do so.
Cadastre technology is available to everyone. In order to use it, you should contact Rosreestr, which provides information from the State Register of Real Estate. The inventory value of the property is disclosed only to its owner or when concluding contracts.
The cadastral value is used when calculating tax or to generate information from the Unified State Register of Real Estate (USRN) according to the new system. However, it is not used when concluding real estate transactions.
Main differences
Most citizens of the Russian Federation do not know the main differences between cadastral and inventory valuations of real estate. They differ not only in the calculation methods, but also in the final amount.
You can get a certificate of real estate valuation in 2021 from two different accounting authorities: from the BTI - inventory, and from Rosreestr - cadastral. The valuation of an apartment during cadastral calculation is higher than the inventory value, since not only its technical characteristics are taken into account, but also other factors that affect its value.
To calculate the tax rate of the cadastral value, a coefficient is used, which is a certain number of square meters for different types of housing. It is not subject to tax. For a room it is 10 square meters. m., apartments - 20 sq. m., and for a private house - 50 sq. m. If the property has an area that is less than the coefficient, then the owner is exempt from paying tax. In addition, a certain group of the population has benefits when paying taxes.
The preferential categories include:
- Pensioners.
- Participants of the Great Patriotic War and hostilities.
- Liquidators and participants in the accident at a nuclear power plant (nuclear power plant).
- Disabled people of groups I and II.
- Military personnel whose service experience is at least 20 years.
- Families raising 4 or more children (under 18 years of age).
More information about preferential categories can be found in Rosreestr, since there are additions to the laws of the Russian Federation on the cadastral project. Some people do not realize that finding out information about cadastral valuation is quite easy. There are certain rules by which you need to search for information of interest to citizens of the Russian Federation.
Rules for finding information
Inventory and cadastral values of real estate are different estimates. Information about them can be found out in the relevant government institutions: cadastral - Rosreestr, inventory - in the BTI. However, in cases where information does not need documentary confirmation, it is possible to use the Internet resource of the cadastral service.
On the site you can find out information about any real estate property. It is more difficult to find out information about the inventory valuation. You can get it from the BTI or use the Public Services Center, called “My Documents.” However, only the owner of the property or a person representing his interests can find out this information. In the latter case, a duly executed power of attorney is required.
To obtain a certificate, you must provide the following documents to the BTI or the Public Services Center:
- A document that confirms Russian citizenship.
- Ownership of real estate.
- Statement.
- Receipt for payment of state duty.
Documents that confirm ownership of real estate include the following: sales contract, deed of gift, certificate of inheritance, etc. You can calculate the valuation yourself, but to perform it you need to familiarize yourself with some of the features of this operation.
Valuation report for mortgage
An assessment of the value of real estate as collateral is mandatory when applying for a mortgage. When preparing documentation for the bank, an appraisal report is required, containing information about the market and liquidation value of the property being assessed. In this case, the assessment report allows the bank to make a decision on the suitability of the selected property for its value, and to approve or reject the issuance of credit funds for its purchase.
MOBTI provides apartment valuation services for various Banks, including the Sberbank DomClick information system.
It’s easy to determine the real value of real estate with us!
In modern conditions, it is difficult to come to an agreement on the fair value of a particular object. Inflationary processes, objective wear and tear and a constantly changing market situation cause constant price fluctuations. To roughly determine the real picture, we recommend using an online calculator or contacting a real estate agency that provides consulting services to determine the cost of objects of interest free of charge (the so-called “expert assessment”). The real estate valuation in this case will be approximate, but very close to fair. If you are interested in obtaining objective data, professional real estate valuation services with the preparation of an appropriate report on determining the value of real estate will be the only right decision.
Unlike an informative online calculator and consultations at a real estate agency, a professional real estate assessment performed by experts provides a reasonable amount that will take into account not only the market situation for objects of a similar group, but also the slightest features and condition of the object. Also, our experts objectively and carefully evaluate commercial real estate with a mandatory detailed analysis of the best and most effective use of real estate, which allows us to obtain correct data for the formation of business plans or for conducting business purchase and sale transactions. Separately, we can note the preparation of reports on determining the recommended rent for both residential and commercial real estate, in cases where the owner finds it difficult to accurately determine the rate for using the property and needs the help of professional appraisers.
Real estate valuation BTI
Depending on the type of property, the assessment may have different features.
Let's consider the available nuances for each type of object and goals separately.
Apartments
The BTI apartment assessment is formed the same way for all objects, regardless of their types.
You can issue a certificate of the cost of the apartment online on the official portal of the department. To do this, just go to the Rosreestr website.
The system will ask you to select a locality and provide all the necessary information. These include the cadastral number or address.
After the services are provided, the certificate will be sent to a valid email address. Such a document has legal significance if it does not contain errors and includes a digital signature of the company’s management.
At home
The following have the right to apply for a certificate in 2021:
- owners of residential and non-residential real estate;
- tenants of premises with a social tenancy agreement;
- private entrepreneurs and legal entities, if necessary, to obtain a certificate for a commercial facility.
You can get the service:
- by personal contact to the BTI;
- using MFC;
- through the official portal of State Services.
The applicant will require an application and the necessary package of documents for the property.
The cost of explication and floor plan in BTI is determined by current legislation. Is it necessary to obtain consent for redevelopment from the BTI? See here.
Land plot
During the assessment of a land plot, the following factors are taken into account:
- target type of land, area of intended use;
- where is the land;
- agricultural options used mostly in the immediate vicinity of the territory;
- permissible operating conditions;
- actual use of the land.
The market cost changes regularly, which is why the price is fixed for a specific period.
The BTI real estate assessment is formed in accordance with the principle of effective use of the territory.
Based on this, the procedure includes some nuances that vary depending on what kind of activity the land belongs to.
Land plots are assessed in the following cases:
- the owner has expressed a desire to carry out various transactions;
- there is a need to determine the initial cost;
- in case of land acquisition;
- when contributing an allotment to the authorized capital of the organization, and so on.
Additionally, the cost is influenced by the presence of communications.
Inventory
In order to find out the inventory price, you need to contact the BTI with a certain package of documents. When applying, you will need to fill out a corresponding application and pay the state fee.
After accepting the documents, the authorized person will inform you when you can come to pick up the certificate.
Please note that the document displays the following information:
- the date of all necessary actions;
- the purpose of the procedure;
- what standards were applied;
- cost price;
- other information that will allow you to fully understand the final results.
In case of disagreement with the results obtained, the owner reserves the right to appeal to a judicial authority to protect his interests.
Moreover, the presence of any doubts or ambiguities that were admitted by the service can be interpreted in favor of the owner of the property.
For inheritance
Valuation activities are needed for the purpose of completing various legally significant transactions with real estate. This is necessary, among other things, to obtain an inheritance mass.
A certificate of the cost of a property provides the opportunity to conclude numerous transactions without any damage to both parties.
