Postby dude2014 » October 12th, 2016, 2:50 pm
See hereunder the division with the requisite mandate to do so. You can also google Valuation division, TT. Prior to the 2009 amendment it was ATV and not ARV.
MINISTRY OF FINANCE
Valuation Division
Vision Statement
The Division strives to be a conscientious professional unit, equipped with a wide range of skills and knowledge on all aspects of real property, ready and able to render support to the State in formulating and executing land and land tax policy geared to the efficient and effective management of the country’s land resources and the State’s real estate holdings.
Mission Statement
To provide Government and its Agencies with Valuation and Land Economy advice and technical expertise of the highest professional standard to enable fair, consistent and competent decision making in respect of property transactions, property taxation and land management.
About the Valuation Division
The Valuation Division was created by an Act of Parliament, “The Valuation of Land Act” Chapter 58:03 of 1969 to inter alia create the functionary of the Commissioner of Valuations who was to be responsible for making valuations of every parcel of land in Trinidad and Tobago (including buildings, plant and machinery) for all purposes required by Government, subject to Presidential exemption from such valuations.
The Valuation of Land Act was amended by Act No. 17 of 2009 to empower the Commissioner of Valuations to value properties based on an annual rental value system and validated the actions of the Commissioner in the use of the annual rental value system from 1970 to 2009. Prior to the 2009 amendment, the Commissioner was only empowered to conduct valuations based on a site valuation system.
Valuation Surveying is a unique profession that falls under the umbrella of the Built Environment. Locally, the Institute of Surveyors of Trinidad and Tobago represents the three major categories of Surveyors within the Built Environment – Land Surveyors, Quantity Surveyors and Valuation Surveyors. Currently, all members of the Professional Staff employed at the Valuation Division are members of the Institute of Surveyors of Trinidad and Tobago. The Valuation Division adheres to the international guidelines and procedures as set by the Royal Institution of Chartered Surveyors, as well as the local guidelines prescribed by the Institute of Surveyors of Trinidad and Tobago.
ROZAC:.. wrote:In a way my dad has done that, he's been trying to plan some of the more exotic fruits. I had the chance to have some ripened Pois Deux aka Padoo.
