Sancheong-gun, 2021 Individual Official Land Price Land Characteristics Survey

Targeting approximately 246,000 parcels until the 29th

Entrance Marker of Sancheong County Office (Photo by Sancheong County)

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam Province, is conducting a land characteristic survey on approximately 246,000 parcels by the 29th of this month to determine the individual publicly announced land price as of the 1st of this year.

The individual publicly announced land price is used as the basis for imposing national and local taxes related to land, as well as various charges.

The county has organized an on-site verification team to review official documents such as land (forest) registers and various development permit materials, and plans to reflect the details of changes in the characteristics of individual land parcels.

The surveyed land characteristics will be compared with those of the comparative standard land, which is determined and announced by the Minister of Land, Infrastructure and Transport, and a price ratio will be calculated using a comparison table to estimate the individual publicly announced land price per square meter for each parcel.

The calculated announced land price will undergo self-verification by an appraiser, followed by a period from April 5th for collecting opinions from landowners and stakeholders, and review by the Real Estate Appraisal Committee, before being finalized and announced on May 31st.

A county official stated, “The individual publicly announced land price is used as the basis for imposing land-related taxes and various charges. We ask for residents’ cooperation during on-site visits to ensure a smooth survey.”

This content was produced with the assistance of AI translation services.