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Requirements For Governor's Consent . by obidevine(m): 1:21pm On Oct 11, 2015 |
REQUIREMENTS FOR GOVERNOR'S CONSENT :
Please follow every requirements and payment carefully to
avoid your file being Queried. It's better to avoid these
queries and prevent the loss of money by inadequate
processing because money isn't easy to come by, thus put
your house in order before you venture into it.
They include the following:
1. 4 copies of the Deed of Assignment
2. 4 copies of the Survey Plan.
(The survey plan must be attached to each of the deed of
Assignment)
The deed of Assignment must be duly signed by each party
i.e the assignor and assignee and the deed of assignment
must state the history how the property devolved or has
been transferred from the original owners to you the new
owner, which is the root of title.
3. Purchase and Sign Form 1c = N10,000
4. Obtain Certified True Copy of the Certificate of Occupancy
from the land registry in Alausa =N15,000
5. Picture of the Property
6. Application letter written by your lawyer stating that you
want to perfect the title
7. Administrative Charges=N5,000
8. Charting and Endorsing=N10,500
9. Tax Clearance of the Assignor i.e the person who sold it to
you must have his tax clearance to show
10. Tax Clearance of the Assignee i.e, You the owner of the
property or land must have your tax clearance to show
11. Development Levy Receipts= N100 each
(If you dont have your tax clearance, it costs N60,000 as a
tax clearance to Alausa land registry which only covers the
tax for the purchasing that land and cannot be used else
where as a valid tax clearance, so if the Person or assignor
who sold it to you doesnt have his own tax clearance, you
have to pay N120,000 to cover both of you)
12. Evidence of payment of Ground rent/Land use charge?
(Unknown Yet)
13. If your land is in or within the Lekki Pennisular, there
must be an Original Letter of Confirmation of Payment of
Capital Contribution from NTDA in respect of the Lekki
Pennisular scheme
14. Copy of Building plan
15. Payment of Assesment fees which includes:
a. Capital Gain Tax. . . . 2% of the Assesment
b. Stamp Duty. . . . . . . 2% of the Assesment
c. Registration Fees. . . .3% of the Assesment
d. Consent Fees. . . . . . 8%of the Assesment
(If your property or land you bought is direct state land
Allocation and the right of occupancy has run for less than
10 years, instead of 8% consent fees, you pay 16%)
( If your property is a mortgage or loan, the consent fee is
fixed at 2% of the loan ie, if the loan is N20,000,000 (Twenty
Million Naira) you pay 2% of the loan which comes to
N20,000 as the consent fees)
e. Neighbourhood Improvement Fees. . .N100,000 Flat.
Generally, I have been asked how the Assessment fees are
being calculated and how to determine it your self. It is
simple and it goes like this;
1. Every plot of land is being calculated at 700 square metres
in Alausa and if your property is less than that, it is still
being calculated at the minimum 700 square meters. Now
every area in Lagos state has being divided into zones and
the type of fees/rates that should be paid per area. Some
areas have low rates while some areas have very high rates,
depending on the level of development of the place.
For example, i will mention just 12 areas to make you
understand it:
a. Ajao Estate; N3,000 per square meters
b. Badore/ langbasa/Ado and its environs: N1,500 PER
Square metres
c.Gbagada Phase 1: N6,000 PER Square metres
d. Ibeju Lekki beyond Abijo Gra: N500 PER Square metres
e. Ikorodu Central/ Lagso Road: N750 per square metres
f. Ikotun/ Egbe/ Ijegun/ Isheri Oshun/ Igando/ Iba/ Igbo
Elerin: N1,000 per Square metres
g. Ogba Residential: N10,000
h. Oko Oba 1,2,3,4: N1,500
I.Surulere: N6,000
J. Ajiran/Igbo-Efon/ Ikota: N2,500
k. Oniru/ Dideolu Court: N10,000
L. Park View/ OSBORNE1: N40,000
Now lets take the first one Ajao estate as our mathematical
guide to get the assessment of Ajao Estate:
700 square metres (The size of one regular plot) X N3000 =
N2100000
so N2,100,000 is the General Assessment fee but that
doesn't mean its this amount your paying.
Now you divide 8% of N2,100,000 = N168,000 to get the
consent fee Assessment for Ajao Estate
Now you divide 3% of N2,100,000 = N63,000 to get the
Registration fee Assessment for Ajao Estate
Now you divide 2% of N2,100,000 = N42,000 to get the
Capital Gain Tax Assessment fee for Ajao Estate
Now you divide 2% of N2,100,000 = N42,000 to get the
Stamp Duty Tax Assessment fee for Ajao Estate
Which equals =N315,000 for the Assesment fee of Ajao
Estate alone.
When you calculate all the other fees listed above including
the minor ones like development levy etc, it is easier for you
to know how much you are to pay for the governor's consent
of your area.
Generally the larger your plot or square meters of your
land, the more you pay. The above illustration is just for 700
Square meters, so all of you that have over 1000 square
metres or 2 plots or 3 plots or 50 plots, just calculate the
sqaure metres on the survey plan X the applicable rate.
Finally Solicitors fees: This is subjective and open for
negotiation per lawyer but putting into consideration the
whole wahala of running around to get those reciepts and
bureaucracy abeg please be lenient with my fellow legal
brothers!!!
To get the consent minus the bureaucracy takes at least 4
months and add money to tip the Alausa workers unless
your file will just sitdown on one table till God knows when.
Last but not the least be advised that these fees and
Assesments example are subject to change and ratification
at the land registry at anytime and they could just
unilaterally review it and their own calculation could be
slightly higher.
Don't forget Alausa Brown Envelope ! Don't ask me the cost
because i don't know how much settlement costs per table
but its left to your own discretion ! |
Re: Requirements For Governor's Consent . by Abariwiseman: 10:45am On Oct 12, 2015 |
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