New points on land prices according to the 2024 Land Law

Báo Quốc TếBáo Quốc Tế27/01/2024

The 2024 Land Law was passed by the 15th National Assembly at the 5th extraordinary session on the morning of January 18, 2024. What are the new points regarding land prices? Readers are invited to refer to the article below.

* Currently, Article 113 of the 2013 Land Law stipulates the land price framework as follows:

The Government shall promulgate a land price framework every five years for each type of land and for each region. During the implementation of the land price framework, if the common land price on the market increases by 20% or more compared to the maximum price or decreases by 20% or more compared to the minimum price in the land price framework, the Government shall adjust the land price framework accordingly.

* For example, some current regulations guiding the land price framework according to the 2013 Land Law are as follows:

** Basis for developing land price framework (Article 6 of Decree 44/2014/ND-CP):

The development of a land price framework must be based on the principles of land valuation stipulated in Article 112 of the 2013 Land Law, the land valuation methods stipulated in Clauses 1, 2, 3 and 4, Article 4 of Decree 44/2014/ND-CP; the results of synthesizing and analyzing information on market land prices; natural, socio-economic, land management and use factors affecting land prices.

** Contents of land price framework (Article 6 of Decree 44/2014/ND-CP (supplemented in Decree 01/2017/ND-CP)):

- Regulate minimum and maximum prices for the following types of land:

+ Agricultural land group:

++ The price frame for land for growing annual crops includes land for growing rice and land for growing other annual crops;

++ Price frame for land for perennial crops;

++ Forest production land price frame;

++ Land price frame for aquaculture;

++ Salt land price frame.

+ Non-agricultural land group:

++ Rural land price frame;

++ Price framework for commercial and service land in rural areas;

++ Price frame for non-agricultural production and business land that is not commercial or service land in rural areas;

++ Urban land price frame;

++ Price frame for commercial and service land in urban areas;

++ Price frame for non-agricultural production and business land that is not commercial or service land in urban areas.

- Land price framework is regulated according to the following economic regions and urban types:

+ Economic regions include: Northern Midlands and Mountains, Red River Delta, North Central region, South Central Coast, Central Highlands, Southeast region, Mekong River Delta.

The regulation of agricultural land price framework and non-agricultural land in rural areas of each economic region is determined according to 3 types of communes: plains, midlands, and mountains.

+ Types of urban areas include: Special urban areas, type I urban areas, type II urban areas, type III urban areas, type IV urban areas, type V urban areas.

The regulation of non-agricultural land price framework in urban areas is determined by economic region and urban type.

- The land price framework is used as the basis for the Provincial People's Committee to regulate local land price lists.

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