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Cadastral value of real estate

Cadastral value of real estate

March 10, 2023

Continuing the topic of obtaining Turkish citizenship, we want to note the importance of the cadastral value of real estate. In most cases, it differs from the real market price, so it is important to know in which cases it is important.

Cadastral value is the price of a real estate object set by employees of the State Cadastral Administration.

First of all, the cadastral value of real estate is taken into account when calculating property taxes annually (0.2%-0.6% of the cadastral value of the object).

It is also important if you are going to get Turkish citizenship for investing/ buying real estate. This is the fastest way to obtain Turkish citizenship, which is issued in 3-6 months. In this case, the cadastral value of the property should be at least $ 400,000.

Important! To obtain a residence permit under tapu (certificate of ownership), the cost of an expert assessment is taken into account, which is always higher than the cadastral value.

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