Land transfer fee refers to the total amount of land transferred to land users by land management departments of governments at all levels according to regulations. China's Land Management Law clearly stipulates the scope of application of land leasing. The income from land transfer is mainly used for compensation for land acquisition and demolition, land development, supporting agriculture and urban construction.

how much should I pay for the new house?

1. deed tax

1.5% or 3% of the total house price. The amount of deed tax is determined by whether the house is an ordinary house. Ordinary housing enjoys a preferential tax rate of 1.5%, and non-ordinary housing is subject to deed tax at a rate of 3%.

in other words, ordinary residential buildings below 14 square meters account for 1.5%, those above 14 square meters account for 3%, and non-ordinary residential buildings account for 3%. The deed tax is usually paid together with the down payment and collected by the developer. After paying the relevant fees, the developer will issue a formal purchase invoice.

2. Contract stamp duty: .5%

It is paid directly when the contract is signed, accounting for .5% of the total house price, and usually paid together with the down payment, so that the developer can uniformly handle the contract registration and real estate license.

Third, the bank mortgage fee

If you apply for a mortgage loan, the second kind of fees to be paid when signing a contract are bank mortgage fee and commercial loan fee, which are slightly different between banks.

IV. Housing Maintenance Fund

overhaul fund is the maintenance fund for public facilities and public equipment (including public parts of houses, such as exterior walls, roofs, sewers and water pipes). Developers or property companies should open accounts in banks designated by the local housing authority, and property buyers can make their own deposits. Generally speaking, when buyers check in, developers will collect housing maintenance funds.