Land Valuation

Land Valuation

 

the determination of the comparative worth of land as a means of agricultural production, based on the land’s natural and enhanced fertility, on the various natural and economic conditions of the region in which it is located, and on the lay of the land.

Carried out primarily through classification of soils according to agricultural-production indexes, valuation of land on a point scale gives an idea of what the land is like and what demands can be made of a farm with respect to such matters as income, yield, and taxation. Under capitalism, land valuation has a decisive influence on the price of land and on rent. In the USSR, valuation of land is provided for in the Basic Principles of Land Legislation of the USSR and the Union Republics (1968). Land-valuation data are recorded in the land cadastre.

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References in periodicals archive ?
The land project will support existing, historically under-resourced Government initiatives to help the Government create an inventory of state lands; strengthen the land valuation department; increase tenure security for smallholders, women, and firms by scaling up Bim Saviya; and digitize deeds records so that they are less vulnerable to damage, theft, and loss.
The land project will support existing, historically under-resourced Government initiatives to help the Government create an inventory of state lands strengthen the land valuation department increase tenure security for smallholders, women, and firms by scaling up Bim Saviya and digitize deeds records so that they are less vulnerable to damage, theft, and loss.
During the seven months of 2019, 572 units of land management and land valuation documentation were submitted to the General Directorate of the State Geocadastre in Transcarpathian region for conducting state examination of land management documentation.
The Department of Finance (DOF) is pushing to simplify the country's cluttered land valuation system to minimize delays in the implementation of government infrastructure projects.
In line with its agrarian reform mission under RA 3844, the LBP serves as the implementing agency of the Comprehensive Agrarian Reform Program (CARP) occupied with agrarian land valuation, the payment of compensation to owners of private agricultural lands, and the collection of amortizations from CARP farmer-beneficiaries.
Regarding land valuation, the latest valuation done by CBRE values EL Gouna assets at $2.1bn, 42x its current book value.
To note, the government land valuation is five times lesser than the actual transaction price of land.
In 2016, former Senator Kembi Gitura presented a land valuation document to the Senate's Public Accounts and Investments committee that indicated the land had been valued at Sh194 million by a private valuer paid by the county assembly.
They should either compensate us or we take back our land," he said, with his fellow resident Fatuma Hamisi threatening court action against the government.In 2017 the National Land Commission completed verification of farmers and land valuation, and said Sh800 million would be used to pay the farmers - Sh800,000 per acre.
Cllr Jan Brunton Dobson said: "This site is vacant at the moment and the land valuation by the regional school's commissioner and the EFA (Education Funding Agency) was about PS59,000 - so a very low figure."
On May 20, 2013, at the DAR's request after land valuation and Land Bank's release of certificates of deposits to DAR, the registry of deeds started issuing 51 titles transferring the ownership of HLI lands to the government until Sept.
A Cardiff council spokesman said: "The detail of the independent land valuation of Wedal Road that was discussed by the scrutiny committee is confidential under Schedule 12a of the Local Government Act 1972.