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At 33 times cheaper village near Moscow

December 5 2005

Amendments to the regional law "On circulation of agricultural land in the Moscow region" in the first reading approved Mosoblduma. Price privatization suburban farmland, according to the amendments, may fall from 33 thousand to 1 thousand rubles per hectare.

Under the bill, citizens who owned farmland on the rights of perpetual use, or lifetime inheritable possession, will be able to privatize these sites at a price equal to ten times the rate of land tax, which is about 3 percent of the cadastral value. At the same time in 5 years they are required to maintain specific purpose of these sites. The cost of privatization will increase to 20 percent of the cadastral value of the site in case of early conversion of land for other purposes.

By some estimates, is worth 23.5 trillion rubles the Russian land. The highest value of land in the Central, Volga, Southern and Siberian districts, and the largest inventory cost per square meter - in Moscow and St. Petersburg, said

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