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How to Calculate the Share of a Land Plot in the Value of Office and Retail Real Estate: Regression Analysis to Increase the Cadastral Valuation Reliability

Author

Listed:
  • Vladislav Sutyagin
  • Yana Radyukova
  • Irina Zinovieva
  • Svetlana Zenchenko
  • Valentina Smagina
  • Nikolay Pakhomov

Abstract

Purpose: In 2014 the Tax Code was updated. Currently, it also deals with the cadastral valuation of capital construction projects. However, there are problems associated with the cadastral valuation reliability. One of the key problems is how to evaluate a capital construction object and exclude the cost of the land plot. Design / Methodology / Approach: This study proposes an alternative approach to calculating the value of a land plot by analyzing the share of a land plot in the value of a single property. In the article, the authors consider that a land plot is included in the value of a single property due to a number of various pricing factors. The method of regression analysis was used as a methodological basis. Findings: Based on the results of the regression analysis, the authors gave recommendations on how to use the proposed factor models and made certain conclusions. Practical Implications: The results of this study can be used in cadastral valuation and in the process of challenging the cadastral value. Originality / Value: The presented study is an alternative way of calculating the value of land in a single property. It is useful since there is little information on how to apply the traditional methods of comparative sales.

Suggested Citation

  • Vladislav Sutyagin & Yana Radyukova & Irina Zinovieva & Svetlana Zenchenko & Valentina Smagina & Nikolay Pakhomov, 2020. "How to Calculate the Share of a Land Plot in the Value of Office and Retail Real Estate: Regression Analysis to Increase the Cadastral Valuation Reliability," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 667-681.
    • Handle: RePEc:ers:ijebaa:v:viii:y:2020:i:4:p:667-681
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    References listed on IDEAS

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    1. V.Yu. Sutyagin & Ya.Yu. Radyakova & E.A. Kolesnichenko & M.V. Bespalov & N.N. Pakhomov, 2017. "Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 412-431.
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    More about this item

    Keywords

    Cadastral value; reliability of cadastral valuation; share of a land plot in a single real estate object.;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • H21 - Public Economics - - Taxation, Subsidies, and Revenue - - - Efficiency; Optimal Taxation

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