Land Valuation Practices in Nepal: Current Scenario and Future Direction (13251) |
| Harisharan Nepal, Sudarshan Gautam and Thakur Lamichhane (Nepal) |
Mr. Harisharan Nepal
Chief Survey Officer
Survey Department, Government Of Nepal
Australia
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| Corresponding author Mr. Harisharan Nepal (email: jun.wang[at]landsolution.com.au, tel.: 0733663525) |
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| [ abstract ] [ paper ] [ handouts ] |
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Published on the web 2025-03-16
Received 2024-12-02 / Accepted n/a |
| This paper is one of selection of papers published for the FIG Working Week 2025 in Brisbane, Australia in Brisbane, Australia and has undergone the FIG Peer Review Process. |
FIG Working Week 2025 in Brisbane, Australia
ISBN n/a ISSN 2307-4086
URL n/a
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Abstract |
| Land valuation in Nepal plays a critical role in various sectors, including legal, financial, and administrative. However, the existing system, heavily reliant on traditional methods, suffers from inconsistencies and a lack of transparency. This often leads to disparities between government-assigned values and actual market conditions, hindering fiscal stability and creating opportunities for manipulation within the real estate sector.
To address these challenges, this paper proposes a novel GIS-based valuation model. This model integrates Multi-Criteria Decision Analysis (MCDA) and the Analytical Hierarchy Process (AHP) to establish a robust and scientifically sound system for land valuation. By utilizing extensive geographical and market data, the model aims to create a parcel-based system that accurately reflects real-world conditions, enhancing accuracy and consistency in valuations while fostering greater transparency in the real estate and financial sectors.
The successful implementation of this model requires careful consideration of several challenges, including data availability, the development of local expertise, and ensuring effective stakeholder cooperation. Collaboration with international partners can provide valuable support in system development, data acquisition, and knowledge transfer. Furthermore, targeted legal reforms and continuous stakeholder engagement will be crucial for the long-term success and sustainability of this innovative land valuation system.
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| Keywords: Valuation; Real estate development; Property taxes |
