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Value Property in Georgia

value property in Georgia

Value Property in Georgia

For getting residence in Georgia by buying property (temporary or permanent), you need to value property in Georgia and it must be done by an official government-approved audit. These evaluators usually act as company or individual persons. Evaluators' work routines are usually such that after presenting documents of flat and owner, they visit the site and, after taking the necessary photographs, submit their evaluation between 24 and 48 working hours and this is briefly explained how to value property in Georgia.

value property in Georgia

Value property in georgia are generally in the form of a folder in which the assessor's profile and license, description of the price of the same property (sometimes with a sample), property details along with photos, owner details and finally an estimate of the total property price in Lari. All pages are stamped and signed by the evaluator. It should be noted that in the SisnoGroup collection, in addition to selecting the best and most reputable evaluators, all evaluation standards are controlled by the company's experienced lawyers

Note:

- For assessments in which there are several different properties, all of the above are included in the assessment certificate for each of the separate properties

- Evaluators' tariffs are generally between 150 and 250 lari for each real estate document. So beware of profiteers who want to take extra money from you

You may be wondering if the immigration law stipulates the amount of property in US dollars, but an official assessment is provided to Lari, so how will this difference be calculated? To better explain this question, we should follow the example: The person submits his Value Property in Georgia for evaluation and the real estate appraiser estimates 330 thousand lari. Now it's time to calculate the exchange rate of the lari against the dollar, according to the official announcement of the National Bank of Georgia on that day. If this rate is equal to, for example, 3, that is, every $ 1 is equal to 3 lari, then 330 thousand lari is equal to 110 thousand US dollars

value property in georgia

We hope that this article has been useful for you. If you have any questions about value property in georgia and residence in Georgia, our experts are ready to provide free advice to you dear ones.

Frequently asked questions about value property in Georgia
1What is the standard for evaluating buildings in Georgia?

The criteria of the Immigration Office for evaluating the price of a property is the valuation of real estate in Georgia by an official appraiser and not the standard for the price of a property purchased by a person

2What is the unit of calculation for the valuation of buildings in Georgia and how is it calculated?

The real estate valuation is calculated on the basis of lari and will be billed in dollars according to the official announcement of the Central Bank of Georgia

3Is it necessary to evaluate all purchased real estate in order to obtain a residence permit in Georgia?

Yes, all properties in Georgia with a total value of $100,000 must be appraised.

We hope this article was useful to you. If you have any questions about this matter, our experts are ready to provide you with a free consultation
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