APPLICATION OF ALTERNATIVE APPROACHES IN CALCULATING A VALUE OF LAND UNDER A RESIDENTIAL BUILDING TO INCREASE THE RELIABILITY OF THE CADASTRE ASSESSMENT

Abstract

Changes in the 2014 Tax Code expanded the operation of the cadastral appraisal institute and shifted attention from land appraisal to capital construction projects. But this also gave rise to a new wave of questions about the reliability of the cadastral assessment. One of the stumbling blocks was the accounting (exclusion) of land from the value of the capital construction object. This article is devoted to the methodological substantiation of the use of an alternative method for calculating the value of land in a single real estate object in conditions of a lack of initial information necessary for the implementation of the traditional methodology of comparative sales. As part of the research, using regression analysis, 10 different factor models for calculating the share of land and recommendations for their use were given. The alignment was carried out on the basis of a linear function, the quality of the obtained functions was assessed using the indicators of the correlation coefficients, determination, average approximation error and Fisher's F-test). The results of the survey can be used in the practice of cadastral valuation, as well as in market valuations prepared for court hearings when challenging the results of the cadastral valuation. The sample results are shown on the official website of Otsenka + LLC (www.ocenka-plus.pro/povesit_zh.xlsx).