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Monday, March 5, 2007

New automated land valuation system presented

State Committee for Land Resources presented the Single automated land cadastre (land valuation) system in Ukraine. As described by Andrei Kotov, the Chairman of "Center of State land cadastre", the system is nationwide and single database, which contains information on all land in Ukraine, as well as the landowners.

Today, the system works only in the Kiev region. Planned that during three months it will cover the all Ukraine. Such system would greatly simplifying the procedure of acquiring land. This system will help to identify the real cost of the Ukrainian lands, and establish transparent mechanisms to calculate fair payment for the land and minimizes cover of land tax. The Goskomzem Chairman, Nikolai Sidorenko said that the system' implementing is useful only after the approving the State Land Cadastre by Verkhovna Rada.