Methodological foundations of land asset identification in the context of sustainable development of functional types of territories

Abstract

The article addresses the problems of land asset identification in the context of sustainable development of functional types of territories. Efficient regulation of land and property relations appears to be an essential condition for the comprehensive development of a territorial community based on reliable and systematic information on land resources within its territory. The article substantiates that in conditions of transition to territory-oriented development policy based on the capacity stimulation in the territories of various functional types, the conceptual foundations of the territorial community’s land asset identification include the methodological unity of legal regulation in land valuation and systemic comprehensiveness of the data in the State Land Cadaster. The retrospective analysis of the nature of legal settlement of the assets concept shows various options of modern interpretation of the category in Ukrainian legal documents and the bottlenecks in the regulation of land asset definition as an economic-legal standard. The article proves the lack of administrative and/or statistical information on the quantitative and qualitative land accounting at the level of territorial communities as the main entities of comprehensive development of territories of various functional types. The land asset nature and types are determined. The article offers the recording of the following definitions in national legislation: “land assets”, “tangible land asset”, and “intangible land asset”. The methodological approach to comprehensive actualization of normative and export monetary assessment of land assets in the course of the introduction of online services in the State Land Cadaster based on Blockchain technology is substantiated. The automatic formation of the monetary valuation of land assets on the current date by the software of the State Land Cadaster without the development and approval of the respective technical documents must secure the accessibility of land asset identification in monetary terms at the level of a territorial community or fair land asset cost in accounting, financial, and other records.