Valuation: Housing

Treasury written question – answered at on 8 July 2009.

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Photo of Caroline Spelman Caroline Spelman Shadow Secretary of State for Communities and Local Government

To ask the Chancellor of the Exchequer pursuant to the answer to Baroness Warsi of 12 May 2009, Official Report, House of Lords, column 192WA, on housing: valuations, what factors are taken into account by the Valuation Office Agency when deciding whether to allocate a dwelling with a NA (Quality - atypical for Group or Type) value significant code.

Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

The value significant code NA may be used where the quality of the property is considered to be significantly better or worse than properties of a similar style or type, to the extent that this will affect the value of the property. The Valuation Office Agency does not provide specific guidance to its staff on when to use the code—it is a matter of local knowledge and judgment. Guidance on the use of all its dwelling-house codes is published on the VOA's website at:

www.voa.gov.uk/publications/dwellinghousecodingguide/files/contents.htm

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