{"id":21460,"date":"2021-01-25T19:42:32","date_gmt":"2021-01-25T19:42:32","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/?p=21460"},"modified":"2021-01-25T19:42:32","modified_gmt":"2021-01-25T19:42:32","slug":"lands-ministry-publishes-a-list-of-247-accredited-private-valuers","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers","title":{"rendered":"Lands ministry publishes a list of 247 accredited private valuers"},"content":{"rendered":"

AfricaPress-Kenya:<\/strong> The government has moved to boost efficiency in land valuation to cope with increased transaction more at the county level.<\/p>\n

Ministry of Land on Friday published the names of private valuers to carry out a valuation for stamp duty in an approach necessitated by the need to reduce the turnaround time for the return of valuation figures.<\/p>\n

The ministry also hopes to boost government revenue and improve ease of doing business due to the wide reach of private valuers.<\/p>\n

Previously the valuation to determine the value of land in Kenya for purposes of calculating Stamp Duty payable has been a preserve of the Chief Government Valuer.<\/p>\n

Farida Karoney, Cabinet Secretary Ministry of Lands and Physical Planning noted that the intensive titling programme by the Government has seen a rise in dealings in land, especially in the Counties. This increase has put a strain on personnel in the office of the Chief Government Valuer, causing inordinate delays and loss of revenue in some cases.<\/p>\n

\u201cThe introduction of valuations by private valuers through the amendment of Section 10A of the Stamp Duty Act, Cap 480 provides an opportunity to enhance efficiency and thus remedy the unfavourable business environment in this section of the land transaction process,\u201d she said.<\/p>\n

\u201cThe introduction of private valuers affords citizens and particularly property owners the right of choice,\u201d she added.<\/p>\n

The modalities for the appointment of private valuers by the Chief Government Valuer were developed through robust consultations between the Treasury and National Planning, the Ministry of Lands, and key stakeholders in the sector. The outcome of which was the publication of the Stamp Duty (Valuation of Immovable Property) Regulations 2020 on August 5, 2020.<\/p>\n

The Regulations spell out the procedure for appointing private valuers, service level agreements between the Ministry of Lands regarding professionalism, timeliness, and fees payable by transferees for valuation.<\/p>\n","protected":false},"excerpt":{"rendered":"

AfricaPress-Kenya: The government has moved to boost efficiency in land valuation to cope with increased transaction more at the county level. Ministry of Land on Friday published the names of private valuers to carry out a valuation for stamp duty in an approach necessitated by the need to reduce the turnaround time for the return […]<\/p>\n","protected":false},"author":84,"featured_media":21453,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[7209,1233,7208],"class_list":["post-21460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-cs-farida-karoney","tag-ministry-of-lands","tag-stamp-duty"],"yoast_head":"\nLands ministry publishes a list of 247 accredited private valuers - kenya<\/title>\n<meta name=\"description\" content=\"The government has moved to boost efficiency in land valuation to cope with increased transaction more at the county level\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lands ministry publishes a list of 247 accredited private valuers\" \/>\n<meta property=\"og:description\" content=\"The government has moved to boost efficiency in land valuation to cope with increased transaction more at the county level\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-25T19:42:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/01\/lands_ministry_publi600e7d8db9712.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"559\" \/>\n\t<meta property=\"og:image:height\" content=\"312\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Lands ministry publishes a list of 247 accredited private valuers\",\"datePublished\":\"2021-01-25T19:42:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\"},\"wordCount\":312,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2021\/01\/lands_ministry_publi600e7d8db9712.jpg\",\"keywords\":[\"CS Farida Karoney\",\"Ministry of Lands\",\"Stamp Duty\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/economy\/lands-ministry-publishes-a-list-of-247-accredited-private-valuers\",\"name\":\"Lands ministry publishes a list of 247 accredited private valuers - 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