For the purpose of implementation of mass valuation of the real estate value, the Agency has established and it is maintaining a Register of prices and leases for the entire territory of the Republic of Macedonia. The calculation of the value of the real estate which is registered in the real estate cadastre is performed based on the mass valuation model. The mass valuation of the real estate is conducted by the Agency ex officio. Data on the real estate value determined with mass valuation is recorded in GCIS.
The Register of prices and leases keeps record of the prices of the real estate contained in the legal documents for trading the real estate, which are submitted enclosed to the applications for registration, i.e. for implementing the changes to the real estate cadastre, but also the value of the real estate based on which the tax for sale of the real estate is calculated, but also other data on the real estate contained in the statement given by the seller and verified by a notary public. The Register of prices and leases also keeps record of the leases based upon the data provided in the documents for legal basis establishing the lease of real estate.