Law on the official valuation of land and security right (Valuation and Security Right Law).
The present Law lays down provisions relating to the official land valuation and security right over real property. Article 1 establishes that the Executive Council shall elect for the constitutional term of four years a Valuation Commission. The text consists of 25 articles divided into 3 Parts as follows: Official valuation (I); Security right over real property (II); Final provisions (III).
Implemented by: Ordinance on land valuation fees. (2012-03-15)