Geojesi, the Best Institution in Cadastral Resurvey, Increases Satisfaction by Providing Advance Adjustment Fee Information

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Geoje City, Gyeongnam Province, announced on the 30th that it will provide landowners with prior appraisal and adjustment amount calculations for lands with area changes due to cadastral readjustment.

Cadastral readjustment is a project that investigates and surveys cadastral discrepancies where the actual status of the land does not match the cadastral register, and organizes the register accordingly.

According to the investigation results, if the registered area increases, an adjustment amount is imposed by multiplying the increased area by the appraisal value; if it decreases, the adjustment amount is paid by multiplying the decreased area by the appraisal value.

During boundary setting consultations, many landowners inquire about adjustment amounts, but under current laws, appraisals and adjustment calculations can only be done after boundary confirmation, making it difficult for landowners to predict adjustment amounts in advance.

In particular, there has been a significant gap between the appraisal value and the market price perceived by landowners, leading to an increase in adjustment amount objections, and with the economic downturn, an increase in adjustment amount delinquencies has lowered satisfaction with cadastral readjustment.

Accordingly, after cadastral readjustment surveying, the city plans to conduct prior appraisals on representative standard lands and representative lands with large area changes within the project district, and for lands not appraised, calculate adjustment amounts through comparison of land characteristics, thereby providing landowners with adjustment amount information in advance during boundary setting consultations.

Additionally, for landowners who have difficulty paying adjustment amounts due to area increases during boundary setting consultations, the city plans to minimize area increases through agreed boundaries with adjacent lands to alleviate the adjustment amount burden.

A Geoje City official stated, "Providing prior adjustment amount information will reduce adjustment amount delinquencies among landowners and ease the burden for economically challenged landowners, thereby improving satisfaction and trust in cadastral readjustment."

This content was produced with the assistance of AI translation services.