In case agricultural land does not have documents but is eligible for a Certificate, when it is recovered, compensation will be paid for the land.
Currently, there is no general formula for calculating specific land prices when the State reclaims land, but there are regulations on methods, methods, and procedures for determining specific land prices when compensating. Depending on each area, the compensation and compensation land price is different.
The State compensates compensation in cash calculated according to the specific land price of the type of recovered land decided by the People's Committee of the province where the land is located if there is no longer a land fund for compensation and compensation (According to Point e, Clause 1, Article 160 of the Land Law).
At the same time, Article 30 of Decree 71/2024/ND-CP stipulates that specific land valuation must be implemented in accordance with the provisions of Article 158 of the 2024 Land Law and Articles 4, 5, 6, 7 of Decree 71/2024/ND-CP; results of synthesizing and analyzing information on market land prices; factors affecting land prices.
Specific land prices are determined for each land use purpose, the land area is determined in the land allocation, land lease, recognition of land use rights, allowing for change of land use purpose, extension of land use, adjusting the land use term, adjusting detailed plannings, allowing the transfer of land use forms, equitization of state enterprises, land use rights for land use rights, land use and surveys of land use rights.
Accordingly, in Clause 5, Article 7 of Decree 71/2024/ND-CP, specific land prices are determined by the land price adjustment coefficient method applied to the case of calculating compensation for land when the State reclaims it, which is calculated as follows:
Land price of land plot to be valued (1m2) = Land price in the land price list of land plot to be valued x Land price adjustment coefficient.
