The old land price list is applied until December 31, 2025
According to Clause 1, Article 257 of the 2024 Land Law, the land price list is issued by the provincial People's Committee in accordance with the 2013 Land Law, which is continued to apply until December 31, 2025; In case of necessity, the provincial People's Committee shall decide to adjust the land price list in accordance with the Land Law 2024 to suit the actual situation of local land prices.
In addition, in Official Dispatch 5774/BTNMT-QHPTTND in 2024 on adjusting, amending and supplementing the land price list according to the provisions of the land law. The Ministry of Natural Resources and Environment (now the Ministry of Agriculture and Environment) clearly states:
In order to improve the effectiveness and effectiveness of land management, to healthy real estate market, promote socio -economic development, the Ministry of Agriculture and Environment propers the People's Committees of provinces and cities directly under the Central Government when applying the land price in the land price list for land management, to direct the review, in case of the area, the location needs to apply the land price list, the land price is not suitable for the land price. To decide to adjust the land price list promulgated by the provincial People's Committee in accordance with the 2013 Land Law in the area, that position to apply until the end of December 31, 2025.
Thus, according to the above regulations, the land price list issued by the Provincial People's Committee according to the provisions of the 2013 Land Law (which has expired since August 1, 2024) will continue to be applied until December 31, 2025.
However, if necessary, the Provincial People's Committee will decide to adjust the land price list according to the provisions of the 2024 Land Law to suit the actual situation of land prices in the locality.
Why do you need to get a red book before December 31, 2025 to avoid losing a lot of money?
According to Clause 1, Article 257 of the 2024 Land Law, from January 1, 2026, provinces and centrally run cities will issue and apply the new Land Price List.
After that, the Land Price List will be adjusted, amended and supplemented annually (updated with land prices to suit the market for areas and types of land with fluctuations) instead of every 5 years as at present to comply with market principles (according to Clause 3, Article 159 of the 2024 Land Law).
This means that the new Land Price List will approach the market land price, accordingly, the land price list from January 1, 2026 is likely to increase a lot compared to the current Land Price List.
On the other hand, among the amounts payable when registering for the first issuance of a red book are the amounts calculated according to the land price on the land price list such as:
- Land use fees.
- Land rent (if any).
- Registration fee.
Of which, the land use fee is the largest amount (however, there are some notable cases that do not have to be paid).
Thus, when applying the new land price list, land use fees, land rents (if any) and registration fees will all increase accordingly. Therefore, people who need to issue red books (people who need to issue red books for the first time) should complete the issuance of red books before January 1, 2026 because when there is a new land price list, the cost of making a red book may increase significantly compared to present (according to the provisions of the 2024 Land Law).
