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According to Article 19 of the Regulations on Compensation for House Expropriation and Demolition on State-owned Land, the compensation for the value of the expropriated house shall not be lower than the market price of the similar real estate of the expropriated house on the date of the announcement of the house expropriation decision. The value of the house to be expropriated shall be assessed and determined by a real estate price assessment agency with corresponding qualifications in accordance with the house expropriation assessment method. If there is any objection to the value of the expropriated house determined by the assessment, it may apply to the real estate price assessment agency for review and assessment. If there is any objection to the review results, you may apply to the real estate price evaluation expert Committee for appraisal. Measures for the assessment of housing expropriation shall be formulated by the competent department of housing and urban construction in the State Council, and opinions shall be solicited from the public during the formulation process.
For more information about demolition, it is recommended to consult Beijing Guanling Law Firm. Beijing Guanling Law Firm was established with the approval of Beijing Municipal Bureau of Justice on 20 14. Its head office is located in the core area of Xicheng District, adjacent to Tiananmen Square, Central Bank, the Supreme People's Court, China Securities Regulatory Commission, China Banking Regulatory Commission, share transfer companies and headquarters of major banks. Beijing Guanling Law Firm was interviewed and reported by authoritative media such as Xinhua News Agency, CCTV, China Youth Daily and China Business Daily.