•An “economic-social-ecological” ILU value accounting system was developed and applied.•Significant differences were found generated by the ILU value in different projects.•The integrated value of ILU in the TLGP was 177,189,300 yuan.•The integrated value of ILU in the Xinmeng River project is significantly higher than other projects.•The ILU at different stages basically showed the law of diminishing marginal utility. Assessing the value of land resources is a prerequisite for resource management, as well as for resolving the conflict between supply and demand. In the realm of intensive land use (ILU), a standardized framework for accounting methods from a project perspective has yet to be established. Therefore, taking the Taihu Lake governance project (TLGP) (which includes the Xingou River project, Xinmeng River project and Zoumatang River project) as a case study, this paper firstly constructs an integrated value accounting system based on economic, social and ecological frameworks. Furthermore, with consideration of physical parameters, we incorporated the integrated land section price method, income reduction method, alternative market method, and equivalent factor method are all incorporated to assess the value of ILU at distinct stages within the research area. This approach serves to elucidate the evolving dynamics of ILU valuation. The results showed that: (1) There were significant differences in the values generated by the ILU in different projects. The integrated value of the TLGP brought about by ILU was 177,189,300 yuan, and the ILU of the Xinmeng River project was significantly higher than the Zoumatang River project and the Xingou River project. (2) The ILU at different stages basically displayed the law of diminishing marginal utility. Consistent with changes in the different stages of the TLGP, the value of ILU in Stage I of the Zoumatang River project and the Xingou River project was significantly higher than that in Stage II. Additionally, the accounting system proposed in this study has the advantages of reasonable index setting and simple process operability. This helps to realize the comparison of ILU values across projects and stages. The results of this study can provide a reference for the management and sustainable use of land resources during the construction of water conservancy and other projects.