HomeEconomyFinancial investmentTime to determine compensation land price when the State collects...

How to determine compensation land price when the State recovers?


Clause 12, Article 3 of the 2013 Land Law explains that land compensation is the State returning the value of land use rights for the recovered land area to the land user. 

Clause 2, Article 74 of the Land Law clearly states: “1. Land users who, when the State recovers land, meet the compensation conditions prescribed in Article 75 of this Law, will receive compensation.

2. Compensation is carried out by allocating land with the same use purpose as the recovered land. If there is no land for compensation, compensation will be made in money according to the specific land price of the recovered land set by the Committee. Provincial people decide at the time of land recovery decision".

From the time of notification of land recovery until the issuance of a decision to recover land is a relatively long period of time. (Photo: Xuan Tien)

From the time of notification of land recovery until the issuance of a decision to recover land is a relatively long period of time. (Photo: Xuan Tien)

According to the above regulations, the principle of compensation when the State recovers land is implemented by allocating land with the same use purpose as the recovered land.

In case there is no land for compensation, compensation will be made in money according to the specific land price of the type of land recovered, decided by the Provincial People's Committee at the time of land recovery decision.

Specifically, Article 114 of the 2013 Land Law states that the determination of specific land prices must be based on investigation, collection of information on land plots, market land prices and information on land prices in the land database. land and must apply appropriate land valuation methods.

Thus, the law stipulates that the time to determine compensation land price is when there is a decision to recover land. However, in reality it is impossible to determine the exact time, because according to Article 67 of the Land Law 2013 on the land recovery process, before issuing a land recovery decision, the competent authority to recover land must issue a land recovery notice no later than 90 days for agricultural land and 180 days for non-agricultural land.

Thus, from the time of notice of land recovery until the issuance of the decision to recover land is a relatively long period of time.

According to Point dd, Clause 4, Article 114 of the 2013 Land Law, Clause 5, Article 4 of Decree 44/2014/ND-CP and Clause 4, Article 3 of Decree 01/2017/ND-CP, the specific land price is determined by the method The land price adjustment coefficient applies to the case of calculating land compensation when the State recovers land.

The formula for calculating land price is as follows:

Value of land plot to be valued (01m2) = Land price in the land price list x Land price adjustment coefficient (K coefficient)

In which: – Land prices in the land price list issued by the People's Committees of provinces and cities apply in each 05-year period.

– The land price adjustment coefficient when calculating compensation is decided by the Provincial People's Committee but will be decided at the time the State decides to recover.

In other words, the land price adjustment coefficient does not apply each year or each period as in the case of calculating land use fees when issuing Red Books and Pink Books for areas exceeding the limit.

BAO HUNG



Nguon

Same topic

Enterprises report that land rental prices have increased too high

Lam Dong: Businesses report that land rental prices have increased too high. Businesses in Lam Dong reflect that land rent is higher than revenue, so how can they "stay" and propose to the Provincial People's Committee to consider and resolve the issue. Thanh Thanh Cong Lam Dong Tourism Co., Ltd. continues to ask the People's Committee of Lam Dong province to reconsider the...

Can color-changing LED lights be installed on motorbikes?

There is no law declaring exactly that installing motorcycle lights (LED lights) is a violation of the law and must be punished. However, Clause 5, Article 30 of Decree 100/2019/ND-CP stipulates sanctions for administrative violations in the field of road and rail traffic on sanctioning vehicle owners (individuals or organizations as owners). motorbikes, mopeds and similar vehicles...

Is compensation required when unintentionally causing a traffic accident?

Clause 1, Article 584 of the 2015 Civil Code on the basis for arising liability for compensation for damage stipulates: 1. Any person who commits an act of infringing upon the life, health, honor, dignity, reputation, property, If the rights and other legitimate interests of others cause damage, compensation must be made, unless this Code and other relevant laws provide otherwise.2. The person causing the damage is not...

Acquiring land for Nha Trang's largest book supermarket

Tan Tien Book Supermarket, at 11 Le Thanh Phuong Street, Nha Trang City has the largest land area among all the book centers of Khanh Hoa Book Publishing Joint Stock Company in Nha Trang City and in Khanh Hoa province. .The house and land premises being used as a book supermarket above have a total land area...

Highlights

New Posts

Same author

Loose dogs chase athletes practicing at the National Marathon Championships

In recent days, many delegations and professional athletes across the country have gathered in Phu Yen to practice and prepare for the running race. Many athletes evaluate that Phu Yen has spacious and scenic running routes. Majestic landscape and cool climate. However, during training, teams and athletes encounter many "half-laughing" situations with dogs and cats running loose. Dogs...

'Lifesaver' helps reduce the risk of recurrent stroke

According to Associate Professor, PhD. Mai Duy Ton, Director of the Stroke Center, Bach Mai Hospital, the average hospital stay in the acute phase of stroke patients is between 4 days (ischemia) and 7 days (cerebral hemorrhage). .Stroke survivors are often transferred from acute care to an inpatient rehabilitation facility, skilled nursing facility, or hospital...

Y Nhi represents Vietnam at Miss World, what do international audiences comment?

After announcing the Vietnamese representative to attend Miss World - the 72nd Miss World, Huynh Tran Y Nhi received a lot of attention from the audience. Immediately afterwards, the Miss World homepage also posted an article to congratulate Y Nhi. To date, the article has received more than 23 thousand likes and thousands of comments from the audience. In addition to compliments from fans...

Much read

The Prime Minister attended the Conference to announce planning and investment promotion in Vinh Long province

On the morning of March 23, in Vinh Long city, Prime Minister Pham Minh Chinh attended the Conference to announce the Provincial Planning for the period 3-2021, vision to 2030 and promote investment in agriculture, trade and tourism in Vinh province. Long. Vinh Long Banking Industry organizes a Bank-Enterprise Connection Conference Credit capital will be further promoted in agriculture and rural areas...

Deposit for 6 months, top 5 banks with the highest interest rates today

You can quickly calculate bank deposit interest through the following formula: Interest = Deposit x interest rate (%)/12 months x number of months deposited For example, you deposit 1 billion VND into Bank A, with an interest rate of 4,6. 6% for 1 month term. The interest you receive is estimated to be: 4,6 billion VND x 12%/6 x 23 months = XNUMX million VND. Thus, before saving, you should compare the savings interest rate...

The reason why domestic gold fluctuates strongly

World gold prices did not change much in the context of a strong increase in the USD index. Recorded at 19:23.3 p.m. on March 6, the US Dollar Index measuring the fluctuation of the greenback with 104,115 major currencies was at 0,43 points (up XNUMX%). Gold price forecast Mr. Daniel Ghali - commodity strategist at TD Securities said that the buying motivation seems to be temporarily exhausted. Gold prices are adjusting...

What fees may be charged for abandoned accounts?

Not only cards, even payment accounts, customers can also be charged management and maintenance fees ranging from tens to hundreds of thousands of dong each month. Owning one or more bank accounts is a common situation for many people today. However, after the incident of many customers owing millions in bank fees even though their accounts were not used, some people realized that not only bank cards...

Turning to recovery, should I buy or sell?

Gold price forecast: World gold price decreased when the USD index increased sharply. Recorded at 9:00 a.m., the US Dollar Index measuring the fluctuations of the greenback with 6 major currencies was at 104,115 points (up 0,43%). The strong recovery of the USD has put strong pressure on Yellow. This precious metal also faced a wave of profit-taking and could not stay at the record level. Mr. Daniel Ghali...

Same category

Stocks set new highs, hunt for good stocks to disburse

The stock market last week had a series of positive trading sessions when VN-Index established a new short-term peak and liquidity set a record. At the end of the trading week, VN-Index increased 18,02 points (+1,43 .1.281,8%) to 151.877,51 points. During the week, liquidity on HOSE reached 20,4 billion VND, a sharp increase of 30% compared to the previous week. This is a trading week with record liquidity when an average of more than XNUMX trillion...

Pacific Airlines returns unused slots when it stops flying

Pacific Airlines will refund unused take-off and landing slots (slots) when temporarily suspending flights, but please retain the history of these slots for the following season when the fleet is consolidated. This information was provided by Pacific Airlines when sending a report to the Vietnam Aviation Administration. From March 18, Pacific Airlines had to return the entire aircraft because it could not reach an agreement with the lessor. According to the plan, the company said...

It is necessary to increase investment in green transportation

By 2050, 100% of road motor vehicles, including personal vehicles, public transport vehicles, and specialized vehicles, will convert to using electricity and green energy... An additional 137,45 million USD Green transportation development in Ho Chi Minh City ADB arranges a climate change credit package worth 135 million USD to develop green transportation in Vietnam...

The first mixed week of world oil prices of the year

According to SEB Research analyst Bjarne Schieldrop, Brent oil prices will likely trade at 80 - 90 USD/barrel this year. The Fed's decision to keep interest rates unchanged at 5,25% to 5,5% has pushed oil prices down in the trading session on March 21.3 (Vietnam time). Oil prices continued to decrease in the session on March 22.3 (Vietnam time) because of weaker gasoline demand. The US Energy Information Administration...

The road to finding new growth drivers for China

To achieve growth goals, China wants to stabilize real estate and infrastructure, while investing in production and technology. Since 2000, China's average GDP growth rate has been above 8% per year, ushering in a period of significant improvement in living standards, with extreme poverty almost no longer available. Thanks to market opening and trade reform, China has become a major economy...

New Posts

A moment that only appears once a year on the majestic Da River

In the last days of March, Da River flows through Hoa Binh province with clear blue water, with wild and majestic scenery on both banks. Da River flows in Hoa Binh province for about 93km and about 70km flows in highland communes of Da Bac district with...

The Chairman of the Finnish National Assembly begins an official visit to Vietnam

Receiving the invitation of Chairman of the National Assembly Vuong Dinh Hue, on March 24, Chairman of the National Assembly of the Republic of Finland Jussi Halla-aho began an official visit to Vietnam. At noon on March 3, 24, Chairman of the National Assembly of the Republic of Finland Jussi Halla-aho arrived in Hanoi, starting an official visit to Vietnam. Photo: VNA Accompanying the Chairman of the Finnish National Assembly...

Strengthen supervision and speed up the progress of projects serving people's livelihood

According to Chairman of Hoa Vang District People's Committee Phan Van Ton, in 2 and 2022, Hoa Vang is assigned to implement 2023 group C projects, of which 8 projects have been completed, 2 projects are under construction. In 6, assigned to be the investor of 2024 projects, with a total...

Eurasia magazine opened a separate issue to celebrate 75 years of Vietnam-Hungary relations

Ambassador Nguyen Thi Bich Thao expressed her willingness to update Eurasia Magazine on Vietnam's development situation to widely convey information about Vietnam to Hungarian readers. Eurasia magazine wants to publish more articles about Vietnam's innovation and development achievements According to VNA reporters in China and...

New Posts