A Declaratory Judgment establishes the rights and other legal relations of the parties without providing for enforcement. This action must be brought in the court of competent jurisdiction based on the value of the property.Your claim amount is based on the value of the property. A petition for declaratory statement must describe the potential impact of the statutes, rules, or orders upon the petitioner's interests. Declaratory Judgment. A declaratory judgment is a binding judgment from a court defining the legal relationship between parties and their rights in a matter before the court. To establish federal jurisdiction in a declaratory judgment action, two conditions must be satisfied. First, is the constitutional inquiry. Declaratory statements are an agency's opinion as to the applicability of a statutory provision, or of any rule or order of the agency. What is the very first thing I need to do?