What is the Catastral Value of a Home?
Find out on our blog everything you need to know about what the Cadastral Value of a home is. We hope the information is useful to you.
Cadastral value of a home
The cadastral value is an administrative value objectively set for each real estate property and which results from the application of the valuation criteria included in the Report of Values of the corresponding municipality.
To determine the cadastral value of a property, the following components are essentially considered:
- The location of the property, the urban circumstances that affect the floor and its suitability for production.
- The cost of material execution of the buildings, the benefits of the contract, professional fees y tributes that tax the construction, use, quality and the antiquity construction, as well as the character historical-artistic or other building conditions.
- Los production costs y benefits of the promotion business activity, or the factors that correspond in the cases of non-existence of said promotion.
- The circumstances and market values, value of land, construction value and production costs and benefits of promotional business activity.
- The market value.
- Las reforms made by him City hall in the zone.
In general, the cadastral value of the properties may not exceed the market value. For this purpose, a ministerial order has set a market reference coefficient of 0.5 at the time of approval and entry into force of the report. In real estate with an administratively limited sale price, the cadastral value may not exceed said price in any case.
Thus, the cadastral values can be updated annually by applying coefficients approved by the corresponding Laws of General State Budgets.
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How to know the cadastral value of a home?
You can find out the cadastral value of a home in different ways:
- On the receipt of THE PLACE.
- Requesting the information in the page of the cadastre.
- Asking for the information in the tobacconist building in Gestrisam.
- Using the Digital certificate or the DAYS in the Electronic Headquarters.
- Or in the territorial management of the Cadastre in you province, Presenting the documentation that proves that you are the owner of the property.
Cadastral value of housing
The cadastral value of homes in Malaga has varied greatly in recent years, especially in those areas where the City Council has carried out more works and therefore there has been a greater revaluation of homes.
Cadastral value in Malaga
The cadastral values in Malaga are established by the Malaga City Council. On the contrary, in the rest of the province it is established by the Town Halls where the house is located. Curiously, Torremolinos and Vélez-Málaga have the highest IBI receipts in the province.
How to know the cadastral value of a house?
The cadastral value is reflected in the IBI receipt, in the deed of sale and in the simple note of the house. In the event that you cannot have this information, you can consult it on the cadastre page or by going to the Town Hall of your area.
What happens if a home is sold above the cadastral value?
Selling above the cadastral value is completely legal: Of course, doing so will affect the payment of some taxes: The municipal capital gain, which the seller is obliged to pay when operating above the cadastral value.
Property cadastral value online
You can find out the cadastral value of a home online through the cadastre page.
If you want to sell a home with us visit our page Sell with Valoracasa or contact the 695033558 o al Cruzhumilladero@valoracasa.es
Juan Rosado
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