MIL OSI Translation. Region: Russian Federation –
Photo by the Press Service of the Mayor and the Moscow Government
Since April, residents of Moscow can purchase land for individual housing construction for 40 percent of the cadastral value.
This year, Muscovites bought twice as many land plots for individual housing construction than a year ago, and saved almost 70 million rubles. This became possible thanks to a privilege introduced in April – citizens can acquire land from the city for 40 percent of the cadastral value. This was stated by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.
“Since the beginning of 2020, individuals have bought 38 land plots from the city with a total area of 3.3 hectares for individual housing construction, which is twice the number of plots acquired by Muscovites a year earlier. Since April 2020, Moscow has a norm that allows citizens to buy out land plots from the city under individual residential buildings at a reduced price of 40 percent of the cadastral value of land. For eight months, the townspeople bought 30 plots with a discount with a total area of 2.7 hectares for a total of 46.4 million rubles and, thanks to the new privilege, saved 69.6 million rubles, ”the deputy mayor said.
Vladimir Efimov added that the purchased plots are located in the east, northeast, southeast and west of the city, as well as in the Troitsky and Novomoskovsky administrative areas. Only individuals who own real estate on plots that are allowed to use for individual housing construction, personal subsidiary farming and gardening can purchase land at a discounted price.
The new rules for the purchase of land plots for individual residential buildings and outbuildings make it possible to significantly save on land transactions with the city.
“The largest land plot with an area of 1.9 thousand square meters was purchased in the Eastern Administrative District for 4.6 million rubles, and the smallest is located in the South-Eastern Administrative District – the new owner paid 671 thousand rubles for 391 square meters of land,” said the Minister of the Moscow Government, head
City Property Department Maxim Gaman.
To purchase a land plot for individual housing construction at a discounted price, you need to use the service “Granting a land plot ownership to owners of buildings, structures”, which is provided in any of the divisions of the one-stop shop of the City Property Department or on the website mos.ru… It is provided free of charge, a sales contract is concluded with the applicant. If the service is issued electronically, then the contract is signed with an electronic digital signature.
You can calculate the redemption value of the land plot in advance by reviewing the cadastral value of the land plot on the official portal Rosreestr.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.