Draft Decree regulating land prices

The Government is drafting a Decree regulating land prices, to enforce and guide regulations on land prices according to the Land Law 2024.
The draft Decree stipulates the order and content of determining land prices according to the method of comparison, income, surplus, and land price adjustment coefficient.
- Regarding land valuation methods, the Draft stipulates the selection of land valuation methods; information to apply land valuation methods, responsibilities of land valuation consulting organizations when collecting information, responsibilities of units in providing information; regulate the order and content of determining land prices according to the method of comparison, income, surplus, and land price adjustment coefficient; Specify factors affecting land prices in the comparison method.
- Regarding the choice of land price determination method, the Draft is based on the purpose of land use for valuation, characteristics of the land plot, land area to be valued, collected information, and conditions. Conditions for applying land valuation methods specified in Clause 6, Article 158 of the Land Law (cases and conditions for applying land valuation methods), a land valuation consulting organization is hired to confirm the valuation consultancy. Land is responsible for analyzing, choosing an appropriate land valuation method and proposing in the explanatory report to develop a land price plan as a basis for the natural resources and environment agency to submit to the Land Valuation Council at the same level. decision.
- Regarding the order and content of determining land prices according to the surplus method, the Draft requires surveying and collecting information about land plots and land areas that need to be priced; information on land use planning, detailed construction planning, permission to change land use purposes and construction regulations approved by competent state agencies to determine efficiency of use. highest land.