Comparative Analysis of Cadastral and Market Values of Agricultural Plots in Armenia
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agricultural lands, cadastral value, land cadastre, market value, net incomeԱմփոփում
The procedure for conducting cadastral assessment of agricultural lands, cadastral net income from agricultural lands in the Republic of Armenia are determined by the Decision of the Government of the Republic of Armenia dated July 3, 1997 No. 237 “On approval of the data of the state land cadastre of agricultural lands and unsuitable lands of Republic of Armenia”. The article provides a comparative analysis of the cadastral and market values of agricultural lands in the Republic of Armenia. It clearly states that the cadastral and market values of agricultural lands very often differ from each other several times. The current cadastral values for agricultural lands are outdated and fail to reflect various factors that influence market values. These factors include land rights and restrictions, location, area, dimensions, contour, slope, irrigation, and others, none of which are adequately considered in the calculation of cadastral values for agricultural plots.
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