According to Article 159 of the 2024 Land Law, the land price list is the basis for calculating a series of financial obligations including:
- Land use fees when recognizing or changing land use purposes.
- Annual land rent.
- Land use tax; personal income tax when transferring land use rights.
- Fees and registration fees related to land.
- Law on administrative sanctions for violations in the land sector; compensation for damage.
- Land use fees or land rent when the State allocates or leases land.
- Starting price for auctioning land with infrastructure.
- Land use fees when allocating land without auction or when purchasing state-owned housing.
According to the above regulations, Lawyer Tran Tuan Anh - Director of Bright Legal Company said that applying the land price list will directly affect most legal and financial procedures related to land.
Lawyer Tran Tuan Anh analyzed that when registering to issue a land use right certificate (red book), there are amounts of money calculated according to land prices on the land price list including: land use fee; land rent (if any); registration fee. In particular, land use fees are one of the largest and important expenses when making a red book.
Similarly, when a household or individual wants to change the purpose of land use, they will have to pay the following 4 fees: Land use fee when converting the purpose of land use to residential land; certificate issuance fee; registration fee; file appraisal fee. Land use fees are one of the major and important costs when converting land use purposes, often up to several hundred million VND.
"From January 1, 2026, when the new land price list is officially applied, it will certainly have a significant impact on the land use fee that people have to pay" - Lawyer Tuan Anh assessed.
In addition, for land with suspended planning, the land has been identified in planning projects such as new residential areas, urban areas, public works, but the investor or competent authority is slow to implement or the implementation time is long for many years.
Land subject to suspended planning will have limited land use rights such as: Not being granted a construction permit, not being allowed to separate plots, not being allowed to change land use purposes or applying for a first-time certificate... while these land procedures are all closely related to the land price list. Therefore, the fact that people cannot complete procedures, especially apply for a first-time book while the land price list is still low is a huge disadvantage.
When the suspended planning is removed and the new land price list is issued at the right time, people will be extremely disadvantaged when they have to pay land use fees at prices many times higher.
