Inventory value and its definition

To date, the market economy uses the inventory value of real estate. It is used in the calculations of state bodies and has its own rights. However, it is inferior to other types of value , taking into account already obsolete methods of accomplishing the inventory value.

The concept of

Inventory evaluation is required for transactions of inheritance, privatization, sale or exchange of housing. The inventory value of the property is its replacement price, minus its depreciation and changes in the cost of services, work and construction materials. It is indicated in the technical passport for the facility and a special certificate as of the valuation date. It includes all the costs of construction work, but does not take into account the costs of buying land and other details. Inventory value is required exclusively for settlements in state bodies and is significantly different from market indicators.

Bureau of Technical Inventory

Evaluation of the property is in the competence of the BTI. The management for this bureau is the procedure for assessing buildings, established by law. In this case, the replacement cost of the building is calculated using the price level determined in 1991. In addition, coefficients and indices are required, which were introduced by the USSR Gosstroy Decree of 1983.

The Bureau must issue a certificate, which indicates the inventory value of the object, if this is really necessary. It should be noted that it is not necessary to make out it in advance. This is due to the fact that its duration is limited. In addition, the BTI annually on January 1 submit this document to the tax authorities.

How to get help?

From the material presented above, it becomes clear that the reference, in which the inventory value is displayed, is obtained in the BTI. The document and information available in it can be provided to the owner of the property and the tenant. It is also available for representatives who have a power of attorney certified by a notary. To determine the appraised value of an apartment, it is necessary to contact the BTI, which is located at the applicant's place of residence.

To apply to these bodies and obtain a certificate, it is necessary to prepare the following documents:

1. Application for the provision of the relevant document.
2. Certificate of ownership or contract of social employment.
3. A document that certifies the identity of the applicant.

Then the BTI employee will determine the day of receiving the required certificate. The inventory value of real estate is determined and confirmed by a document on a fee basis.

It is worth noting that to date the BTI does not issue this type of reference, if they are required for the inheritance of housing. To do this, you should contact the Rosreestr. This body provides services for issuing a certificate showing the cadastral value of the property. A notary who draws up an inheritance will accept it if the period of its validity has not yet expired.

Is it possible to challenge the document?

If the inventory value of the object that was determined by the BTI, according to the owner, is not true, it is worthwhile to find out whether it can be challenged. There are only two reasons that allow us to reconsider the grounds for revising the assessment:

1. Submission of unreliable information about the object.
2. Inventory value exceeds the market price or rather close to it.

This is due to the fact that the market valuation is higher than the inventory estimate several times. The exception is housing located in new buildings. This can also happen if the BTI is engaged in determining the market value, if it has the appropriate license for this. To review the inventory value, you must perform the following actions:

1. An application is submitted to the arbitration court. It is necessary to file a claim against the BTI, which conducted an appraisal of housing. In this application, you must specify a requirement - a revision of the inventory value.
2. The application shall be accompanied by the following documents:

• The corresponding passport of the object,
• A notarized copy of the certificate of ownership,
• And a document confirming the incorrectness of the information.

With the correct implementation of actions, it is likely that the inventory value of the house or apartment will be revised.

How is the inventory cost calculated?

It should be noted that the inventory value is calculated by the formula:

• Ci = Sv ∙ (1 - Iphiz / 100 ∙ Ki), where
  
  Sv - replacement cost.
  Iphiz - an indicator of physical wear and tear.
  Ki - the coefficient of differentiation of housing.

This formula allows the most accurate calculation of the required indicators, so it is used by government agencies.