Guide On How To Calculate The Registration Fee For The House

When dealing with real estate, many people often question the issue of a registration fee and “headache” do not know how to calculate this fee properly. Through this article, Vietnam real estate shows you how to charge a registration fee for the latest housing.

Accordingly, on October 11, the People’s Committee of Ho Chi Minh City has issued Regulations No. 54/2017 / QD – UBND on the price of a registration fee for housing. This regulation is effective from 15 October, 2017.

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How is the registration fee calculated for the house?

Price for registration of housing = area of the house for registration fee (sqm) x price of 1sqm (VND / sqm) house x ratio (%) of remaining quality of the house.

The new regulation on registration fee calculation prices for houses will take effect from 15/10/2017

Inside:

The area of a house subject to registration fee is the entire floor area (including enclosed space) under the lawful ownership of the organization or individual; The price of 1sqm of house is applied according to the standard price list of investment capital in the construction area in Hochiminh City issued by the City People’s Committee and the documents guiding the calculation of the investment rate of the construction of the Department Construct.

Particularly, the percentage (%) of residual quality of a house subject to registration fee is determined as follows: If the first registration fee is declared, the house with the use duration of fewer than 5 years shall be 100%; For houses with a use duration of 5 years or more, the remaining percentage (%) of the residual quality corresponding to the registration fee declaration shall be applied.

Specifically, the registration fee declaration rate from the second time on: the use duration of fewer than 5 years: 85%; from 5 to 10 years: 75%; Between 10 and 20 years: 50%; over 20 years – 50 years: 35%; Over 50 years: 25%.

What is the registration fee declaration form?

• Registration fee declaration form 01 / LPTB;
• Papers proving that the house is of legal origin;
• The lawful documents on the transfer of property signed between the property transferor and the property receiver;
• Documents evidencing the property (or property owner) who are not liable to registration fee or are exempt from registration fee (if any).
• Number of records: 01 sets

What is the procedure for registering the registration fee?

The area of the house subject to registration fee is the entire floor area

Organizations and individuals having properties liable to the registration fee shall declare and submit registration fee declaration dossiers to tax offices when registering their ownership and use rights with state agencies. authorization.

The registration fee declaration dossier shall be submitted to the land use right registration office or natural resources and environment agency in the locality where the house is located. In cases where localities have not yet applied the inter-agency one-stop-shop mechanism, the registration fee declaration dossiers shall be submitted to the Tax Sub-Departments of the localities where they are located.

Particularly for cases where the inherited property or gift is real estate, the registration fee declaration dossier is not required to have a registration fee declaration form made according to form No. 01 / LPTB. Tax authorities shall base themselves on their personal income tax returns, made according to form No. 11 / KK-TNCN, to calculate the payable registration fee amounts of their owners and issue notices according to form No. 01-1 / LPTB.

Agencies implementing administrative procedures: Tax Departments

The time limit for settling the procedures for registration of house registration fees

The tax office shall issue a registration fee payment notice within 03 (three) working days. If the dossier is invalid, the Tax Sub-Department shall return the dossier to the land use right registration office or the natural resources and environment agency according to the above time limit.

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