117.6. For the purposes of section 117.4, the value of the land to be transferred or of the site is considered on the date of receipt by the municipality of the application for a building permit or of the plan relating to the cadastral operation, as the case may be, and is established according to the principles applicable to expropriation.
The value is established, at the owner’s expense, by a chartered appraiser commissioned by the municipality.
The first two paragraphs apply for the purposes of the establishment of the value of any land other than land referred to in the first paragraph if the value must be established for the purposes of the calculation rules provided for in section 117.3.
Notwithstanding the first three paragraphs, the by-law may permit the use of the real estate assessment roll of the municipality. In such a case, if on the date referred to in the first paragraph the land, including the site, for which a value is to be established constitutes a unit of assessment entered on the roll or a part of such a unit of assessment whose value is entered on the roll separately, its value for the purposes of this division is the product of the value entered on the roll for the unit or part thereof corresponding to the land whose value must be established, as the case may be, multiplied by the factor of the roll established in accordance with section 264 of the Act respecting municipal taxation (chapter F-2.1). If the land is not a unit of assessment or part of a unit of assessment, the first three paragraphs apply.