Details of the District 5 land price list applied from October 31, 2024?
YouMe Law Firm LLC said that understanding the District 5 land price list applied from October 31 will help people and investors have a more accurate view of asset value. Changes in the District 5 land price list applied from October 31 may also greatly affect the decision to buy, sell or valuate assets.
In particular, with new adjustments, the land price list of District 5 applied from October 31 will reflect the economic and infrastructure development situation of the area. People need to pay attention to the details of the District 5 land price list applied from October 31 to make decisions that are suitable for their finances and personal goals.
Below are details of the District 5 land price list applied from October 31, 2024:
How to determine land location in the construction of land price lists?
Pursuant to Article 20 of Decree 71/2024/ND-CP, determining land location in the construction of land price lists is regulated as follows:
(1) Based on determining land location in the construction of land price lists.
For the agricultural land group, the land location in the construction of the land price list is determined according to each area and implemented as follows:
Location 1 is the location where the plots of land have the most favorable factors and conditions;
The next locations are locations where the plots of land have less favorable factors and conditions than the previous adjacent locations.
For non-agricultural land:
The land location is determined to be attached to each road, road section, street, street section (for urban residential land, commercial land, urban services, non-agricultural production and business land other than commercial and service land in urban areas), road, road section or area (for non-agricultural land specified in Clause 1, Article 18 of Decree 71/2024/ND-CP);
In addition, based on the conditions of technical infrastructure, social infrastructure, advantages for production and business.
The distance to the political, economic and commercial center in the area and implementation is as follows:
Location 1 is the location where the plots of land have the most favorable factors and conditions;
The next locations are locations where the plots of land have less favorable factors and conditions than the previous adjacent locations.
(2) Based on the provisions of Point (1) and the actual situation in the locality, the Provincial People's Council shall prescribe specific criteria to determine the location for each type of land and the number of land locations in the land price list.
For plots of land and land with favorable or unfavorable factors in land use, the Provincial People's Council is allowed to increase or decrease the price as follows:
For commercial and service land, non-agricultural production and business land that is not commercial or service land with high profitability, with advantages in using land as a production, business, commercial and service premises;
Agricultural land in residential areas, within ward administrative boundaries, based on local reality, the Provincial People's Council shall prescribe higher land prices;
For residential land plots with more favorable or less favorable factors in terms of factors affecting land prices compared to residential land plots with the same land location in the land price list, the Provincial People's Council shall base on the actual situation in the locality to regulate price increases or reductions.
