Real estate and land cadastral valuation in the Russian Federation

The article deals with the specifics and problems of the real estate and landcadastral valuation in the Ru ssian Federation. The di stinc tive features ofcadastral value from market value are analyzed. The article presents statisticsof contesting the establishment of cadastral value of equal to market value and changes in the value of cadastral value after its contestation. It emphasizes the specific features of the cadastral value essence, which must be taken into account when carrying out the cadastral assessment. It is proposed to consider the use of two simultaneous assessment systems for the cadastral value calculation to determine the taxable base - market and non-market ones. In cases with available market information on transactions with the objects of evaluation, it’s better to use the market system of the cadastral value. In case when there is no market data on similar transactions, and there is no civil turnover of valuation objects, it is recommended to apply the non-market value and the value established for tax purposes.