July 17 came into force the order of the Ministry of Agrarian Policy and Food №162 "On Amendments to the Procedure for regulatory monetary value of land settlements"

July 17 came into force the order of the Ministry of Agrarian Policy and Food №162 "On Amendments to the Procedure for regulatory monetary value of land settlements".

As explained by the Associate Partner, Head of the Agricultural and Land Law Attorneys Association "Skliarenko, Sydorenko and Partners" Yulia Stusenko, now for the land, which is not included in the State Land Cadastre, as well as for those who do not have a numerical code in the "target column use ", will have to pay more, in particular the coefficient characterizing the functional use of land in the calculation of the normative monetary value increased to 3.0.

Previously this coefficient was set at 0.5 to 2.5.

The lawyer advises all concerned to ensure the payment of the relevant records, or changes in the State Land Cadastre.