Dynamics and Causes of Growth in the Number of Applications for Reviewing Results of the Cadastral Value Identification

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Dynamics and Causes of Growth in the Number of Applications for Reviewing Results of the Cadastral Value Identification

In the nine months of 2016, the Rosreestr commission received more than 29,000 applications for reviewing results of the cadastral value specification in relation to 59.9 thousand real estate objects (87% of them are land plots). Decision to review the cadastral value was taken in respect of 46.9% of the applicants. And the cumulative value of the real estate objects’ cadastral value after disputing in commissions decreased by 28.5%, or by 595 billion rubles. Head of the Department for Real Estate Objects Valuation of the Federal Service for State Registration, Cadastre and Cartography (Rosreestr) Andrei Petrovich Berestyansky comments on the reasons of the rapid growth in the number of applications for contesting the cadastral value, as well as on the new contestation mechanisms.

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