Standard land value in Kiel

Who determines the standard land value for Kiel?

The expert committee for land values in the state capital of Kiel determines the new standard land values for Kiel every two years on December 31. To do this, the expert committee takes into account the purchase prices and changes in the standard land value zone over the last two years. The guideline value zone contains properties of the same use and similar value. These may be, for example, apartment buildings, a single-family home zone or mixed-use areas. The property values applied relate to undeveloped land. This means that the value of real estate is not included in the valuation. The standard land value in Kiel always refers to one square meter of land.

Who provides information on the standard land values in Kiel?

The standard land values are available online in the Standard land value map of Kiel which can be viewed free of charge. In addition, citizens can request verbal and special written information from the expert committee at the Office for Building Regulations, Surveying and Geoinformation at Andreas-Gayk-Str. 23-25, 24103 Kiel. This includes information on purchase prices in the surrounding area as well as the standard land value for a specific property. Written information may be subject to a charge depending on the amount of work involved. Detailed information on this can be found in the table of fees, which can also be found on the corresponding website.

How is the standard land value for a particular plot of land to be converted?

The standard land value in Kiel refers to a plot of land with an area of 500 square meters, for example. This reference value can be different for each standard land value zone. As small plots of land generally achieve a higher purchase price per square meter than larger plots, the expert committee publishes a conversion coefficient. For example, if your property has 300 square meters, the stated standard land value per square meter must be multiplied by 1.15. The land value is thus 15 percent higher. The land value is therefore 15 percent higher. The situation is different for a development with apartment buildings or residential and commercial buildings. Here, the reference is the value-relevant floor area ratio, or wGFZ for short. The conversion coefficients can be used to calculate the individual values of a property in relation to the standard land value. Here is an excerpt from the Kiel table with the conversion coefficients depending on the size of the property:

• 200 sqm - 1.27

• 300 sqm - 1.15

• 400 sqm - 1.06

• 500 sqm - 1.00

• 600 sqm - 0.95

• 700 sqm - 0.90

• 800 sqm - 0.87

• 900 sqm - 0.83

• 1000 sqm - 0.80

• 1100 sqm - 0.78

How reliable is the standard land value for determining the value of a property?

With the help of the conversions, some factors of a property can be taken into account and thus improve the result. What the standard land value cannot do, however, is to take into account the The special features of the property and the current development on the real estate market in Kiel. This is because old planting or a beautiful view increase the value of a plot of land. As an experienced real estate agent in Kiel, let us value your property free of charge and without obligation. This will give you the actual and current property value from your real estate experts in Kiel.