Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,513 members, 7,954,939 topics. Date: Saturday, 21 September 2024 at 12:58 PM

What You Must Know About Perfection Of Title To Land - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / What You Must Know About Perfection Of Title To Land (898 Views)

Perfection Of Legal Title: Governor's Consent / Investigation,registration And Perfection Of Title To Land In Nigeria / LAND DOCUMENT OR TITLE To Know Before Buying Property In Lagos #Safety first (2) (3) (4)

(1) (Reply)

What You Must Know About Perfection Of Title To Land by phosky(m): 12:27pm On Sep 07, 2016
The title to a land is perfected when you register your title or interest in a property with the Lagos State Government or the Governor of any state in Nigeria where the property you bought is situated. Governors Consent, Stamping, Registration are processes for perfection of title to land

GOVERNOR’S CONSENT:

Section 22 of the Land Use Act, 1978 requires that for every transfer of property in Nigeria, the Governor’s consent is required. The Act provides that all land in each state in the Federation is vested in the Governor of each State, whose prior consent is mandatory for the legal validity of any transfers or alienation of interest in a landed property. To this effect, the consent clause is an instrument itself.

The following documents are required in obtaining the Governor’s consent:

Forwarding/Covering Letter (with date, address, telephone numbers and Email address);
Chartable Survey Plan (4 Copies)
Completed Form 1C;
Certified True Copy (CTC) of Grantor’s title document;
Duly Executed Deeds (4 copies) Spiral bound with Assignee’s signature on all pages).
Picture of site with date and time showing adjoining properties
Location Sketch properly drawn
Charting and Endorsement/Form 1C Fee
Copy of Identification (clear copy)
Evidence of Red Copy Lodgement
Administrative Fee
Sworn Affidavit
Development Levy
Current tax clearance certificates of the assignor and assignee;
For limited liability companies, the internal revenue certificate of PAYE Directors;
Four copies of the deed of which consent is sought should be attached;
Copy of the survey plan, as approved by the Surveyor General Office and a picture of the building;
Evidence of payment for charting fee, endorsement fee, Form 1C;
Evidence of payment of land use charge;
Where the property is covered by a state leasehold or Certificate of Occupancy, evidence of payment of Ground Rent, up to date;
Where the property is covered by a state Leasehold or Certificate of Occupancy, evidence of payment of Ground Rent, up to date;
A photograph of the property;
A copy of the applicant and/or his agent/legal representative’s identification.



STAMPING

The Stamp Duties Act which governs this procedure has laid down requirements and procedures for stamping your instruments. And these are:

Forward the title document to the Stamp Duties Commissioner within thirty days of execution otherwise, you will be liable to pay the penalty.
Ensure that you deliver at least two (2) copies.
The Commissioner will assess add Valorem (based on value). It is usually between (3.5%) of the consideration of the transaction.
Payment should be made by bank draft and sometimes in the name of the state government.
Upon making payments, the commissioner will impress on the instrument the words, “stamp duty paid”.

Read full article here : http://www.ibejulekkilawyer.com/what-you-must-know-about-perfection-of-title-to-land/

(1) (Reply)

Destiny Gardens ( Govt.exc )(4,320,000 Naira )30 Months Installment Plan Allowed / Royal Haven Gardens Ibeju Lekki / Ever Heard Of Polystyrene Before? Find Out!!!!

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.