Property Valuation

The procedure for assessing material objects is necessary in many life situations.

Without it, you cannot inherit, take a mortgage or carry out transactions with real estate .

State organizations and commercial firms can evaluate land plots, vehicles, equipment and business in general, houses and apartments.

Property Valuation Procedure

Evaluation procedure Evaluation is necessary to determine the value of a particular object. It can be conducted in two cases:

Without fail. The determination of the price of material objects is required at the legislative level in the course of privatization or inheritance of real estate, as well as in the restructuring or bankruptcy of business;

On a voluntary basis. For example, if the owner wants to get information about the market price for his apartment or land.

To learn more about the procedure for buying and selling land you can in this article.

If you decide to take part in the privatization of state or municipal property, buy or sell a real estate object and / or a land plot, transfer property as collateral for mortgage lending purposes, obtain an inheritance, get an insurance payment under OSAGO or face bankruptcy of the enterprise, then you will have the need to conduct a mandatory assessment of your movable or immovable property.

The cases of mandatory assessment are regulated not only by legislation on appraisal activity, but also by decrees of the President, Government decrees, instructions of the Ministries and departments, resolutions and orders of the state authorities of the constituent entities of the Russian Federation.

when determining the value of valuation objects owned by when using valuation objects belonging to the Russian Federation, to subjects of the Russian Federation or municipal entities, as a subject of pledge;

at sale or other alienation of objects of the estimation belonging to the Russian Federation, to subjects of the Russian Federation or municipal unions;

When transferring objects of valuation belonging to the Russian Federation, subjects of the Russian Federation or municipal entities, as a contribution to the authorized capital, funds of legal entities,

As well as when a dispute arises about the value of the subject of valuation, including:

At nationalization of property;

With mortgage lending to individuals and legal entities in cases of disputes about the value of the value of the subject of the mortgage;

when drawing up marriage contracts and dividing the property of divorcing spouses at the request of one of the parties or both parties in the event of a dispute over the value of this property;

At redemption or other seizure of property from owners for state or municipal needs provided for by the legislation of the Russian Federation;

When assessing valuation objects to monitor the accuracy of tax payments in the event of a dispute over the calculation of the tax base.

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. Assessment of the contribution to the authorized capital of business entities.

  1. a) Estimation of contributions to the authorized capital of joint-stock companies carried out in a non-monetary form (clause 3 of Article 34 “Payment of shares and other equity securities of the company upon their placement” of the Federal Law of December 26, 1995 N 208-FZ “On Joint Stock Companies ” ).
  2. b) Assessment of contributions to the authorized capital in limited liability companies that are carried out in kind ( paragraph 1 of Article 15 “Payment of shares in the authorized capital of the company” of the Federal Law of 8 February 1998 No. 14-FZ “On Limited Liability Companies ” ).

When paying for shares in non-monetary funds to determine the market value of the property to be contributed to the authorized capital of the joint-stock company, an independent appraiser shall be employed, unless otherwise provided by federal law. The monetary value of the property produced by the company’s founders and the board of directors (supervisory board) of the company cannot be higher than the value of the valuation made by the independent appraiser.

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