“The cadastral value should never be greater than the market value, it cannot exceed the price at which it could be sold.”

Land Value

The cadastral valuation is part of the delimitation of geographical areas that serves to establish the value of land and construction, the first being the determinant to assign a value to a piece of land.

Land value refers to the value of a piece of land before it is built on. To fix it, it is necessary to identify the type of land, whether rustic or urban, since this classification allows the property to be better valued according to the criteria applied in each case. Read more