Urban Land Value Estimation Model based on Income Capitalization Method
Land valuation is a critical component of the cadastral system, closely linked to land use and management. The value of land is typically assessed based on the benefits it offers. The high land prices often observed in urban areas result from increased demand, whereas the availability of land remain...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2024-01-01
|
| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/130/e3sconf_igeos2024_06002.pdf |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1841557397326266368 |
|---|---|
| author | Sugito Nanin Trianawati Affriani Asri Ria Ramadhani Anisa Nabila Rizki |
| author_facet | Sugito Nanin Trianawati Affriani Asri Ria Ramadhani Anisa Nabila Rizki |
| author_sort | Sugito Nanin Trianawati |
| collection | DOAJ |
| description | Land valuation is a critical component of the cadastral system, closely linked to land use and management. The value of land is typically assessed based on the benefits it offers. The high land prices often observed in urban areas result from increased demand, whereas the availability of land remains fixed. Several methods can be employed for land valuation, including the market comparison method, the income capitalization method, and the cost method. This study focuses on the income capitalization approach for determining land value. According to this method, higher income generated from a property leads to a higher property value. For residential properties, income is derived from net rent, calculated as rental income minus operational expenses, using the income approach. This research employs geostatistical analysis to model land values. The mathematical model developed through geostatistical analysis aims to represent actual land values accurately and facilitate the establishment of land value zones. |
| format | Article |
| id | doaj-art-3998f3d2ed3b4d198f7ecb0900206d4c |
| institution | Kabale University |
| issn | 2267-1242 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj-art-3998f3d2ed3b4d198f7ecb0900206d4c2025-01-06T11:30:22ZengEDP SciencesE3S Web of Conferences2267-12422024-01-016000600210.1051/e3sconf/202460006002e3sconf_igeos2024_06002Urban Land Value Estimation Model based on Income Capitalization MethodSugito Nanin Trianawati0Affriani Asri Ria1Ramadhani Anisa Nabila Rizki2Mapping and Geographic Information Survey Study Program, Faculty of Social Science Education, Universitas Pendidikan IndonesiaMapping and Geographic Information Survey Study Program, Faculty of Social Science Education, Universitas Pendidikan IndonesiaMapping and Geographic Information Survey Study Program, Faculty of Social Science Education, Universitas Pendidikan IndonesiaLand valuation is a critical component of the cadastral system, closely linked to land use and management. The value of land is typically assessed based on the benefits it offers. The high land prices often observed in urban areas result from increased demand, whereas the availability of land remains fixed. Several methods can be employed for land valuation, including the market comparison method, the income capitalization method, and the cost method. This study focuses on the income capitalization approach for determining land value. According to this method, higher income generated from a property leads to a higher property value. For residential properties, income is derived from net rent, calculated as rental income minus operational expenses, using the income approach. This research employs geostatistical analysis to model land values. The mathematical model developed through geostatistical analysis aims to represent actual land values accurately and facilitate the establishment of land value zones.https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/130/e3sconf_igeos2024_06002.pdf |
| spellingShingle | Sugito Nanin Trianawati Affriani Asri Ria Ramadhani Anisa Nabila Rizki Urban Land Value Estimation Model based on Income Capitalization Method E3S Web of Conferences |
| title | Urban Land Value Estimation Model based on Income Capitalization Method |
| title_full | Urban Land Value Estimation Model based on Income Capitalization Method |
| title_fullStr | Urban Land Value Estimation Model based on Income Capitalization Method |
| title_full_unstemmed | Urban Land Value Estimation Model based on Income Capitalization Method |
| title_short | Urban Land Value Estimation Model based on Income Capitalization Method |
| title_sort | urban land value estimation model based on income capitalization method |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2024/130/e3sconf_igeos2024_06002.pdf |
| work_keys_str_mv | AT sugitonanintrianawati urbanlandvalueestimationmodelbasedonincomecapitalizationmethod AT affrianiasriria urbanlandvalueestimationmodelbasedonincomecapitalizationmethod AT ramadhanianisanabilarizki urbanlandvalueestimationmodelbasedonincomecapitalizationmethod |