Land price adjustment coefficient in 2015 in the province

Nghe An Provincial People's Committee has just issued Decision No. 26/2015/QD-UBND dated April 3, 2015 adjusting land prices in 2015 in the province.

Accordingly, the land price adjustment coefficient (called coefficient K) in Nghe An province is prescribed for application:

a)Determine land use fees and land rents for which the area for which land use fees and land rents are calculated for the land plot or land area with a value (calculated according to the land price in the land price list) of less than 20 billion VND, in the following cases:

- Organizations are allocated land by the State with land use fees collected without auctioning land use rights, recognizing land use rights, and allowing change of land use purpose;

- Households and individuals are allocated land by the State without auctioning land use rights or recognizing land use rights.

land use, allowing change of land use purpose for residential land area exceeding the limit;

- Determine the land rental price applicable in the following cases:

+ Pay annual land rent for the first stable cycle;

+ Pay once for the entire rental period without going through an auction;

+ Switch from land lease with annual land rent payment to land lease with one-time land rent payment for the entire lease term as prescribed in Clause 2, Article 172, Land Law;

+ Receive transfer of assets attached to leased land according to regulations in Clause 3, Article 189, Land Law;

+ Pay annual land rent and pay land rent once for the entire lease term when equitizing state-owned enterprises;

b)Determine the land rental price to pay annual land rental when adjusting the land rental price for the next stable cycle;

c)Determine the starting price in the auction of land use rights for lease in the form of land lease with annual land rent payment.

Regulations apply to the following subjects:

a)State management agencies, specialized agencies on natural resources and environment, tax agencies and other relevant agencies and units;

b)Domestic and foreign organizations, enterprises, households, individuals and Vietnamese people residing abroad.

Land price adjustment coefficient:

Land price adjustment coefficient (K) in 2015 in Nghe An province: K = 1./.

PV