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New National Land Valuation Index Under Development, Says Ministry

By Estate Cloud - over 2 years ago - Kenya

New National Land Valuation Index Under Development, Says Ministry

The Ministry of Lands is overseeing the development of a National Land Valuation Index to guide land valuations in the country.

The process which involves data collection and inspection is currently being undertaken in five counties including Kajiado, Kiambu, Nakuru, Machakos and Meru.

According to the Ministry, data collection and inspection has already been completed in 11 counties including Nyamira, Kakamega, Garissa, Busia, Bungoma, Vihiga, Lamu, Isiolo, Marsabit, Tana River and Siaya.

The Ministry said the data has been collated and is ready for stakeholder review for further engagement.

“We have been carrying out this process in 17 counties in the 3rd and 4th quarter of this financial year,” the Ministry said.

Ministry of Lands in conjunction with other key stakeholders has embarked on preparation of the National Land Valuation Index to provide a credible valuation database for use in investment and land compensation decisions.

For the National Land Valuation Index exercise, the Ministry said it has developed value zone maps for Mombasa, Kericho, Bomet, Kisumu, Narok and Nakuru counties which should lead to predictable planning for investment by both the public and private sectors.

In 2019, the Land Value Index Bill was passed into law. It provides that the valuation of freehold land and community land for purposes of compensation under the act shall be based on the land value index developed jointly by the national government and county government.

As part of its ongoing digitization program, the Ministry said it will initiate the process of digitizing land records and processes in Ruiru, Kiambu, Kajiado, Ngong and Machakos in the 2020/ 2021 financial year.

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