Location compensation price of homestead = (local ordinary residential guidance price-average replacement price of newly-built houses) × average resettlement area per household ÷ average homestead area per household.
The location compensation price of homestead is determined by the district and county people's governments with reference to the average price of ordinary commercial housing and urban planning in a certain period of time. The area of the homestead identified in the demolition shall be approved according to law and shall not exceed the control standard. The replacement of houses with new average prices refers to the replacement of houses with new average prices in a certain area within a certain period of time. The specific standards are determined by the district and county governments within the range of 400-700 yuan/square meter according to the rural housing construction in the above areas. The per capita resettlement area is controlled according to 100- 150 square meters, and the specific standards are determined by the district and county governments according to the local rural economic level and farmers' living conditions.