Pavement House, Coefficient K Equals 1.2 Times The Land Price List

This is the content of the Decision 35/2017 regulating coefficient K adjusts land prices to calculate the land use fee when selling old state-owned houses in the area of Ho Chi Minh City.

Decision 35 stipulates that the coefficient K adjusts the land price in comparison with the price list promulgated by the City People’s Committee to calculate the land use levy when selling state-owned houses and transfer the land use right associated with this individual house. It can be high profitability in the front of the street in the city.

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Accordingly, individual housing is highly profitable at the street level, the street is defined as: a single storey or multi-story home with a household or individual use, located in front of the street.

State-owned houses with high profitability will apply the coefficient of land price adjustment (coefficient k) = 1.2 times the land price index.

And when the house is sold to the residential land of the house will be calculated and recognized as land use (without land use or overlap).

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The coefficient K of the land price adjustment will be calculated as follows: For individual houses with high profitability in the front of the road, the street is located on the land plot with one edge or total fish adjacent to the front of the road more than 3 m, the coefficient K = 1.2 times the land price index.

 In cases less than 3 m, coefficient K = 1.0 times the land price index.

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