How To Calculate The Price of a C of O and Governor's Consent In Lagos Yourself

Firstly i don tire for una for Nairaland. Since my last post on (Tips on how to register a Property in Lagos), You guys have bombarded my e-mail box with series of questions regarding the same thing and i don't even know what to do again to help you. Even if someone needs to help you obtain the C/O or the Governor's consent, you must finally get these things right once and for all because from now on, i would be ignoring emails that ask me these same questions.


To register a C/O sharp sharp and to avoid so many stories, this is just the basics you should know and the fees to be paid.

1. Get your survey plan

2. Get the land information from the surveyor general's office or ask your lawyer to get it for you. It costs just N7,000 Only (No cheating) any body that tells you it is more than that is scamming you big time.

3. Get your structural Drawing in place i.e what structure you intend to put on the land or architectural design

4. 2 Passport photographs

5. Tax reciept or Tax clearance certificate (This is very very important now and without this, no C/O would be granted) Now if you don't have it, but you want to proceed with your C/O registeration immediately, you must pay N60,000 to the land registry to cover the Tax clearance certificate. No more, no less.

6. Purchase reciept from the previous owners or family that sold it to you better still known to you as the "omo ni ile boys" for all of you scrambling for family property beyond lekki phase 2 to Epe

7. Very important, "BROWN ENVELOPE" to follow up the C/O at the land registry, N50,000 (Na Naija we de! Shine your eye, no dulling!) unless your C/O will come out after Yaradua's second term in office , lol


8. Legal Fees negotiable with the lawyer depending on if he likes your guts or your attitude, lol


You can see how simple this is and does not take a rocket scientist to figure this out.

Please no more emails on these simple questions except you want me to assist you to get it done ASAP because your a nairalander.

Now to the Governor's consent



Now lets break it down simply (Abeg carry your calculator as you de read am o! I can't shout anymore):

Tip 1: Every area in lagos state has its own separate fees to pay for the governor's consent. I will illustrate with 5 real examples.

a. If you have a property in AKOWONJO / SHASHA Local Government, it is N1,500 per m2 (Square meter)

b. If you have a property in LEKKI PHASE 2, it is N4,500 per m2 (Square meter)

C. If you have a property in GBAGADA/ANTHONY, it is N6,000 per m2 (Square meter)

d. If you have a property in ILUPEJU RESIDENTIAL, it is N10,000 per m2 (Square meter)

e. If you have a property in PARK VIEW/OSBORNE 1, it is N40,000 per m2 (Square meter)

So if you bought the land for N1,000,000 (One Million Naira), and you know from the survey plan that your land is probably for example 160m2 by 56 m2, you have to calculate your area multiplied by the square meters.

E.G if we use AKOWONJO / ISHERI which is N1,500 per m2 (Square meter), the calculation will go like this:

N1,500 X 160 M2 = N240,000.

This N240,000 is the assessment Price.


Secondly, we have what is being called CAPITAL GAIN TAX which is 2% of the Assessment Price.

That is 2% of N240,000 =N4,800


Thirdly we have what is being called STAMP DUTY which is also 2% of the Assessment Price

That is 2% of N240,000 =N4,800


Fourthly we have what is being called REGISTRATION FEES which is now 3% of the Assessment Price

That is 3% of N240,000 =N7,200

Fifthly we have what is being called CONSENT FEES which is 8% of the Assessment Price

That is 8% of N240,000 =N19,200


The total price you would pay for the governor's consent for just AKOWONJO/SHASHA local government area for a property or land bought is

N240,000 + N19,200 +N4,800 +N4,800 + N7,200 = N276,000.

So if your property is in Ajah, Lekki, ikeja, Isolo etc, the calculation is basically the same with the exception of the rate per square meters that is different i.e either N10,000 per m2 or N6,500 per m2, depending on the area.


Generally Service charge i.e legal fees for procuring the Governor's consent within 40 days tops should not exceed between N80,000-N120,000 depending on your negotiation skills because you have to conceed that this is Nigeria we are talking about and if "brown envelopes" and "recharge cards" doesnt circulate around to the key people to assess it on time, it would take probably 6months-2years to get it done.

I have read so many emails complaining that N80,000 to N100,000 is too much to do the governor's consent and all i do is refer them to other lawyers or firms such as Festus keyamo, Gani Fawenhimi or Ajumogobia and Okeke. I really can't picture any lawyer (Hungry or not or charge and bail or whatever) doing this for less than N150,000 because of the stress and madness of the land registry and the constant transportation and phone calls to monitor the different stages of registeration and filings. The land registry knows that for you to buy a house and pay over N1Million to buy a piece of land, you can be bluffed around and made to cough out more than expected and with the new laws that intend to revoke C/O's parading around, the Land registry knows that land owners are extremely panicky and pay anything to make sure they get a governors consent no matter the cost.

Other requirements that must be filed after calculating the governors consent include:

1. Dated Letter of application with address and telephone number usually done by a lawyer

2. Completed Form 1c usually done by a lawyer on behalf of the owner of the land

3.Certified true copy of the Grantors title document (The grantor's title document is the C/O or other relevant title of the land or property given to the new owner of the land by the former owner)

4. Grantee's Tax clearance certificate/ Development levy (This is simple enough, Pay your taxes or no Governors consent)

5. 4 copies of the Deed of Assignment (That is the deed of assignment given to you and drafted by the former owner of the property or land to you)

6. Survey plans

7.Evidence of payment of for charting, endorsement and form 1c =N10,500* (Usually done by lawyers on behalf of the owner of the property)

8.Evidence of payment of ground rent /Land use charge

9. Building Plan and photography of the property

For further inquiries to know the area where your land or property falls under and to get the exact pricing of it, call me on 07036681104 and we will take it up from there. This is as easy as it gets and i doubt if the Land registry could be this patient with you to explain this.


Cheers and please register your property to avoid future wahala. No more excuses that you don't know the process!

Now you know!!





  
 

Hey lawyer.
That was insightful and real good;you deserve every job you will get and i will work with Ufirst rate info.

For now, as long as you have the C/O you are a little bit covered because the basic requirements needed by most mortgage institutions when you want to mortgage your property is a C/O but if you intend to sell it to another person at some later date, it might be wise for you to obtain the governor's consent soonest.

Nobody knows how those government officials in Alausa thinks. Tomorrow they might tell you that a C/o is no longer a valid medium to have possession and ownership of a land except you have the governors consent. Infact i am seeing it in my area where i live. Houses are being demolished that even have C/O from Alausa because it is not supposed to be there or maybe government has plans for that area. So the governors consent is the best bet for now for you to sleep in peace forever.

Cheers!

ok, in respect of Festac, i am sure it is being handled by the Federal Housing Agency (FHA) which is equivalent to the Lagos State Property Development Corporation (lsdpc) for Lagos state. The idea behind setting up the FHA is that these lands have been deliminated by the government and all the paper work have been done. They will issue you a letter of allocation which covers all the preliminary things that should naturally be in a C/O and subsequently issue you a Deed Of Release which is almost akin to a governor's consent but since it is Federal thing, it is usually done by the federal minister of works and housing who finally authorizes it.

For more information, ask

Cheers

'The Law'

Thanks again, does the deed of release normally come with c  of o  or I have apply for it differently?

Ouch am sorry ajileko but i don't think the lagos state government will take the georgian tax certificate as a replacement for it. this actually is a first for me and to be frank, i think you just have to go through my wuru wuru style of paying them the N60,000 jejely before you can get the documents. Shebi its just roughly $450 dollars. Our yeye exchange rate will help you scale that hurdle, lol



Nope they come separately but if you have the funds, you can pay for it once and just get everything at once instead of getting it piece by piece


Thanks, much appreciated. I try to do my best to let people get informed just the way i learn from others in other topics in Nairaland.

Cheers!

@blue horizon:

I think i replied your mail. If not please resend it again and include your nairaland sceren name.

Cheer!

@abuja books

Many thanks, Gracias!

@Abujabooks

Am sorry i don't have the square metres of the abuja lands scheme because i think they are kind of different from the ones in lagos. Bu i would try and get the information for you asap.

Also Abuja does not do governors consent. Instead it is the minister of FCT or Works that signs the C/o deed of assignment since abuja is under the the control of the FCT

Cheers!

Thanks for the enlightenment, but you only mentioned  LEKKI PHASE 2 in governor's consent prise list. Could you please tell me price per m2 for land at OGOMBO VILLAGE along lekki epe after VGC. I have a property there that I am about to get its' governor's consent.

Please I need to know if Abia state has a form similiar to form 1c (for Lagos state) or they need to apply for Governor's consent to mortgage to bank by a written application.

As long as the property is being transfered from A TO B, you will have to still do the governor's consent. There is even a penalty whereby if you sell the property within 10 years of the purchase of the property to another peerson and you intend to do the governor's consent again, the normal consent fees of 8% will become 15 %. It is used to discourage arbitrary sale of land to make a mega profit due to inflation and prevent speculators and developers making a huge profit from sales and counter sales.

Cheers!