Urban rail transit construction will have spillover effects on the land along the lines. Based on sample of land transfer data and the city POI data in Wuhan,this paper makes use of the hedonic price models to explore the scope and density of impact of rail transit premium among overall-suburban-urban areas and different types of land. Furthermore,this article studies when the government can obtain the maximum premium for selling land plots in the area under the influence of rail transit,and provides planning strategies and ideas for land supply under the government’s land value capture policy. The results are as follows:1) Spatially,the impact of rail transit on suburban land values is greater than that on the urban area,moreover the increment of residential land value is more sensitive to the change of distances from rail transit than that of commercial land. 2) Temporally,the accessibility of urban rail transit will have the largest impact on land value 5-10 years after the opening of rail transit. The increase of residential land value is flatter than that of commercial land in the process of capitalization. 3) The commercial land,residential land and mix land have positive spillover effects while industrial land has a negative impact on land value. It is concluded that the government should extend the rail transit to the suburbs,which can not only save marginal cost and alleviate the traffic congestion in the urban area,but also strengthen the interaction and economic connection between the urban center and the periphery and promote the integrated development of urban and rural areas and improve the efficiency of government investment. Moreover,the government can capture the land value to the greatest extent as well as recover the public investment of subway by reserving land 5-10 years before the opening of rail transit. In addition,the government’s rail transit planning should give priority to the commercial and residential functional areas with dense population and active economic activities.