Payment of land transfer price (RMB) = grid floor benchmark land price (RMB/m2) × plot ratio correction coefficient×10 %× construction area of listed houses× annual correction coefficient.

Land transfer fee refers to the land rights fee charged by the state when the land use right is transferred to the land user as the land owner within a certain period of time. Land registration can only be carried out if the land use right is obtained through market actions such as transfer and mortgage.