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Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself - Properties - Nairaland

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Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 2:39pm On Dec 10, 2009
Read Part 1 on How To Calculate The Price Of A Governor's Consent In Lagos Yourself here and the Procedure to follow https://www.nairaland.com/nigeria/topic-161375.0.html

It has been quite a while i have been on Nairaland and i had to leave to take stock  of so many things after the Okun Mopo fiasco and  i was subjected all manners of abuse and insults from some Nairalanders as not been to objective and selective in my analysis and warnings about those lands and since then i have taken a back pedal to siddon look so that  i would not look for anybody's trouble again or be subjected to those kind of scathering condemnations, criticisms and disparagement from a particular section of Nairalanders.

But then again, in the midst of these misguided words, i have been encouraged by the wise words and appreciation from a cross section of Nairalanders both at home and abroad and it is only fair for me to ignore the small vocal minority that would continue to condemn without reason and appreciate the silent majority that really needs these information. I would not let people like these depress me anymore to prevent me from contributing my own quota to assist people whether it is for monetary gains or not. Blessings and Gifts come in so many ways and what i do is my own gift to Humanity and i will try not to allow people demoralize me from helping people who need property assistance.

Anyway this has been a request from a lot of people for a very long time by Nairalanders and i was about to post it weeks back before i said i was leaving Nairaland but now i am back, i will continue from where i stopped.

How To Calculate The Price of a C of O and Governor's Consent In Lagos Yourself Part 2

Read this Link on how to calculate it and below is the new assesment per area in Lagos for your perusal so you can do it yourself:

E.G: If your land is 600 square meteres and you live in Agege which is N1,500 PER SQUARE METRES:

Multiply Land Area by applicable rate to arrive at the Assessment.

2. The charges payable are as follows:

Consent Fee - 8% of Assessment
Capital Gains Tax -                 2% of Assessment
Stamp Duty - 2% of Assessment
Registration Fee -                 3% of Assessment

Total 15%

So Its N1,500 X 600 SQUARE METERS=N900,000

15% of N900,000 is N135,000 which is your assesment rate for Agege only
.

Be adviced that the assesment rate is subject to change from Alausa but this is just a rough estimate on how to calculate your Governor's consent in your area yourself.

Below are the Areas that Alausa has computed which is a guide to valuation of your Assesment Fees.

Please dont forget to read the other requirements for the Governor's consent here https://www.nairaland.com/nigeria/topic-161375.0.html

Madam Luckyme9, hope your happy now . . .lol

Glad to be back smiley
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 2:42pm On Dec 10, 2009
GUIDE TO VALUATION

[size=18pt]S/N LOCATION APPLICABLE RATE =N=/M2


1 ADEOLA ODEKU/AKIN ADESOLA FLATS 55,000,000.00 Per Unit
2 ADEOLA ODEKU/AKIN ADESOLA TOWN HOUSES 65,000,000.00 Per Unit
3 AGBOWA/IMOTA 150
4 AGEGE 1,500
5 AGIDINGBI/OMOLE VILLAGE 4,500
6 AGUDA SURULERE 3,000
7 AJEROMI IFELODUN/AJEGUNLE 1,500
8 AKINODE/OJODU/OLOWOIRA/ISHERI 2,500
9 AKOWONJO/SHASHA 1,500
10 ALABA INTERNATIONAL/OKOKOMAIKO 2,000
11 ALIMOSHO/IKOTUN/EGBE & ISHERI 1,000
12 AMUWO COMM./INDUSTRIAL 4,500
13 AMUWO ODOFIN/PARK ESTATE/ODOFIN FAMILY 2,500
14 AMUWO RESIDENTIAL 3,500
15 APAPA COMMERCIAL/INDUSTRIAL 15,000
16 APAPA RESIDENTIAL 25,000
17 APAPA/IKEJA GRA FLATS 20,000,000.00 Per Unit
18 APAPA/IKEJA GRA TOWN HOUSES 25,000,000.00 Per Unit
19 AROWOJOBE/WASINMI/MENDE SWAMP 2,500
20 AWOLOWO ROAD/SECOND AVENUE FLATS 40,000,000.00 Per Unit
21 AWOLOWO ROAD/SECOND AVENUE TOWN HOUSES 45,000,000.00 Per Unit
22 AYOBO/ABORU/IKOLA/BARUWA/ALAGBADO/ALAKUKO & ENVIRONS 1,000[/size]
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 2:45pm On Dec 10, 2009
[size=18pt]BADAGRY/MAROGBO/AJARA & ENVIRONMENT 300
BADORE/LANGBASA/ADO & ENVIRONS 1,500
BEACHLAND ESTATE 12,000
BROAD STREET/MARINA 40,000
CENTRAL BUSINESS DISTRICT, IKEJA 12,000
COOPERATIVE VILLA 4,000
DOLPHIN FOR SUBSEQUENT TRANSACTION A WING OF DUPLEX 20,000,000.00
DOLPHIN FOR SUBSEQUENT TRANSACTION FLATS 7,000,000.00
E/METTA/APAPA ROAD 3,000
ELEGUSHI, ILASAN 4,000
EPE 300
ETI-OSA PRIVATE ESTATE 5,000
EWU-ELEPE 300
EXCISE VILLAGES: POROKU, AIYEDERE 1,500
FADEYI/ONIPANU/PALMGORVE 6,000
FESTAC TOWN 4,000
GBAGADA I 6,000
GBAGADA II 10,000
GBAGADA/ANTHONY 6,000
IBEJU LEKKI BEYOND ABIJO GRA 500
IDI-ORO, IDI-ARABA & ITIRE 2,000
IFAKO-GBAGADA/MEDINA ESTATE 4,000
IFAKO-IJAIYE 1,500
IGANMU INDUSTRIAL/OSHODI 10,000[/size]
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 2:55pm On Dec 10, 2009
[b][size=18pt]47 IJESHA, ITIRE AND AGUDA 2,000
48 IKEJA GRA/SHONIBARE/CAPPA 25,000
49 IKEJA, OPEBI, TOYIN STREET & ENVIRONS 10,000
50 IKORODU CENTRAL/LAGOS ROAD 750
51 IKORODU GRA I 1,000
52 IKORODU GRA II 800
53 IKORODU GRA III 300
54 IKORODU INDUSTRIAL 1,000
55 IKORODU OUTSKIRTS/IGBOGBO/IDIROKO/IBESHE 350
56 IKOTUN/EGBE/IJEGUN/ISHERI OSHUN/IGANDO/IBA & IGBO ELERIN 1,000
57 ILASAMAJA INDUSTRIAL/ISOLO/MATORI 6,000
58 ILUPEJU INDUSTRIAL 10,000
59 ILUPEJU RESIDENTIAL 10,000
60 IRE-AKARI/AJAO ESTATE 3,000
61 ISHERI NORTH 1000
62 IWAYA/ONIKE/AKOKA/ABULE IJESHA 3,000
63 KETU/ALAPERE 2,500
64 KIIRIKIRI INDUSTRIAL 3,400
65 KOSOFE/SHOMOLU 2,500
66 LAGOS ISLAND 7,500
67 LAGOS ISLAND (ONIKAN/OSBORNE II) 20,000
68 LAGOS ISLAND COMM. AREA 25,000
69 LEKKI A-SERIES/ADMIRALTY 12,000
70 LEKKI FLATS 18,000,000.00 Per Unit
71 LEKKI I OCEAN SIDE 8,000
72 LEKKI I, LAGOON SIDE 10,000
73 LEKKI PHASE II 4,000
74 LEKKI TOWN HOUSES/DUPLEXES 25,000,000.00 Per Unit
75 MAGODO B-SERIES/IKOSI GRA 5,000
76 MAGODO ISHERI BLOCK 1 - 39 3,500
77 MAGODO SHANGISHA BLOCK 40 & ABOVE 8,000
78 MAIYEGUN/IBEJU LEKKI TOURISM, ETI OSA 1,000
79 MAKOKO 1,000
80 MAYFAIR/CROWN ESTATE/FARA PARK 4,000
81 MENDE/MARYLAND & ENVIRONS 6,000
82 MUSHIN/OLOSA/AKALA/IDI-ORO 2,000
83 OGBA INDUSTRIAL 10,000
84 OGBA RESIDENTIAL 10,000
85 OGBA/COLLEGE ROAD/OKE IRA ENVIRONS 2,000
86 OGUDU GRA I 15,000
87 OGUDU GRA II 4,000
88 OJO/IBA/TEDI/IJANIKIN/AJANGBADI 500
89 OJOTA 3,000
90 OKO OBA I & II 1,500
91 OKO OBA III & IV 1,500
92 OKOTA/ISOLO 2,500
93 OKUPE/ISMAIL/BEHIND SHONIBARE 10,000
94 OLD IKOYI 60,000
95 OLD IKOYI FLATS 50,000,000.00 Per Unit
96 OLD IKOYI TOWN HOUSES 60,000,000.00 Per Unit[/size][/b]
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 2:56pm On Dec 10, 2009
[b][size=18pt]97 OLD YABA RESIDENTIAL 5,000
98 OLUSOSUN/OREGUN/ALAUSA 4,000
99 OMOLE I 10,000
100 OMOLE II 8,000
101 ONIRU/DIDEOLU COURT 10,000
102 OREGUN INDUSTRIAL 10,000
103 ORILE IGANMU/COKER/BADIYA & AMUKOKO 2,000
104 OSAPA 3,000
105 OSHODI/ISOLO 2,500
106 OSHODI/ISOLO INDUSTRIAL 6,000
107 OWORONSHOKI/BARIGA 2,000
108 PALM AVENUE, PAPA AJAO 2,500
109 PALM GROVE ESTATE 10000
110 PARK VIEW FLATS 30,000,000.00 Per Unit
111 PARK VIEW TOWN HOUSES 35,000,000.00 Per Unit
112 PARK VIEW/OSBORNE I 40,000
113 RESETTLEMENT VILLAGE: AJIRAN, IGBO-EFON/IKOTA 2,500
114 S.W. IKOYI 40,000
115 SATELLITE TOWN 2,500
116 SURULERE 6,000
117 VICTORIA GARDEN CITY 12,000
118 VICTORIA ISLAND 50,000
119 VICTORIA ISLAND ANNEX 35,000
120 VICTORIA ISLAND ANNEX (AJOSE ADEOGUN) 40,000
121 VICTORIA ISLAND ANNEX FLATS 40,000,000.00 Per Unit
122 VICTORIA ISLAND ANNEX TOWN HOUSES 45,000,000.00 Per Unit
123 VICTORIA ISLAND FLATS 45,000,000.00 Per Unit
124 VICTORIA ISLAND TOWN HOUSES 50,000,000.00 Per Unit
125 VICTORIA ISLAND/ADEOLA ODEKU/AKIN ADESOLA 65,000
126 YABA COMMERCIAL 8,000 [/size][/b]
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 3:00pm On Dec 10, 2009
GUIDE TO RATE (FLAT RATE)

S/N AREA TYPE OF DEVELOPMENT APPLICABLE RATE REMARKS


1 ADEOLA ODEKU/AKIN ADESOLA FLATS 55,000,000.00 PER UNIT
TOWN HOUSES 65,000,000.00

2 APAPA/IKEJA GRA FLATS 20,000,000.00 PER UNIT
TOWN HOUSES 25,000,000.00


3 AWOLOWO ROAD/SECOND AVENUE FLATS 40,000,000.00 PER UNIT
TOWN HOUSES 45,000,000.00


4 DOLPHIN FOR SUBSEQUENT TRANSACTION FLATS 7,000,000.00 PER UNIT
TOWN HOUSES 20,000,000.00


5 LEKKI FLATS 18,000,000.00 PER UNIT
A WING OF DUPLEX 25,000,000.00
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by luckyme9(f): 5:42pm On Dec 10, 2009
I'm glad you came back to pick up your award,  Of course;;;The Unoppossed Nairaland man of the year. lol but not funny, it's true.  And te winner is , Barrister Matto of the Property section.
Welcome back  Lawyer, we realy missed you.   And yes I'm happy,  I'm even happier to see my area fall in the 500 naira category.  I hope I'm right about this, "let me call my surveyor". 
It does make my day to be the first to welcome you back here.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by lawyer(m): 10:16pm On Dec 11, 2009
luckyme9:

I'm glad you came back to pick up your award, Of course;;;The Unoppossed Nairaland man of the year. lol but not funny, it's true. And te winner is , Barrister Matto of the Property section.
Welcome back Lawyer, we realy missed you. And yes I'm happy, I'm even happier to see my area fall in the 500 naira category. I hope I'm right about this, "let me call my surveyor".
It does make my day to be the first to welcome you back here.

Thanks for your Kind Comments. Its truely appreciated and i am glad to be back to help people. You definately are Lucky me because N500 per square meters is beyond luck based on your own calculations. I would love to swop land location with you right now. I think mine is N4,500 per square meteres or something and my plot size is around 650 square meters. I am still scratching my head to do the calculation and i might soon collapse counting all that Money to Fashola! grin A friend of Mine who is thinking of getting a property in Dolphin Estate is already thinking twice after he read this . . . lol
Lucky
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by coolme2: 6:49am On Dec 12, 2009
I must say you are really doing a good job 'the law'.
But i will really appreciate if we can get infomation about ogunstate,considering the number of people from lagos moving there now.

Good job.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by Dynamite98: 7:53am On Dec 12, 2009
lawyer:


But then again, in the midst of these misguided words, i have been encouraged by the wise words and appreciation from a cross section of Nairalanders both at home and abroad and it is only fair for me to ignore the small vocal majority that would continue to condemn without reason and appreciate the silent minority that really needs these information. I would not let people like these depress me anymore to prevent me from contributing my own quota to assist people whether it is for monetary gains or not. Blessings and Gifts come in so many ways and what i do is my own gift to Humanity and i will try not to allow people demoralize me from helping people who need property assistance.
Nairaland but now i am back, i will continue from where i stopped.
Glad to be back smiley

Welcome back!!!  grin grin grin grin grin grin grin grin grin grin grin wink
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by dan6019(m): 12:23pm On Dec 12, 2009
thanks so much for the wonderful works you are doing here. we appreciate you so much, God bless you. i'll get back to you on phone as i will need your service on the processing of a number of documents at Alahusa. Meanwhile, can you dwell more on the difference between Governor's conscent and the c of o. thanks
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by smakcad(m): 1:40pm On Dec 12, 2009
hello law,pls is it possible for me 2 get some idea of pricing a land in any particular area.i do i value a property
thank u.then the assessment and calculation u gave,is it acceptable by the authorities in question
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by adesolar(m): 3:09pm On Dec 12, 2009
Hello Lawyer,

Great work.
How may I contact you by phone? Or better still, email,
I have some questions about the ebutemetta axis.
Thanks
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by osasp(m): 3:21pm On Dec 12, 2009
dont really know much bout the whole land buying thing but its good to see people go the extra mile for others. . .especially when the person is nigerian. i appreciate smiley
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by Igwe9(m): 4:52pm On Dec 12, 2009
welcome back lawyer,you indeed are one in a million! smiley
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by VULCAN(m): 6:35pm On Dec 12, 2009
Great work, Much appreciated
I couldnt find Ajiran- part of Argungi under Eti-Osa LG
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by bigfoot79(m): 6:41pm On Dec 12, 2009
@lawyer nice work, pls keep it up. We shall continue to protect the interest of the commonman who in return call all lawyers liars.smiley but men can you imagine that my precious Ikorodu gra is 350
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by VULCAN(m): 6:47pm On Dec 12, 2009
Great Work. Much Appreciated.

I didnt see Ajiran on the list. Its part of Argungi under Eti-Osa LG

I have a plot of land there and I wish to calculate the fees payable.

Thanks again.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by VULCAN(m): 7:02pm On Dec 12, 2009
Oh Sorry. My Bad. I see it now.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by walex0709: 7:21pm On Dec 12, 2009
Barrister, u're doing a vry good job by d informatn posting 4 d niaralander. never mind those narrow minded critics. jst kp it up
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by mamagee3(f): 8:12pm On Dec 12, 2009
By watching the government closely. grin grin
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by sandee575(f): 8:31pm On Dec 12, 2009
I always knew Lawyer wont be away for long.
He actually enjoys the role he is playing here.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by davidif: 8:47pm On Dec 12, 2009
poster
So oga lawyer, you quit nairaland because of some annoying vocal minority?
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by vislabraye(m): 11:50pm On Dec 12, 2009
davidif:

poster
So oga lawyer, you quit nairaland because of some annoying vocal minority?

Ah!!! Please O! No make am vex come quit again nah. I no dey
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by ajeniya: 11:55pm On Dec 12, 2009
Please can somebody put me through, Asolo Agbede does it fall i Ikorodu GRA 11 pls clarify
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by wealthlift(m): 12:10am On Dec 13, 2009
I don't seem to get what you guys are saying here
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by Austin234(m): 1:52pm On Dec 13, 2009
Abeg Oga Lawyer, I luv ur gud work for Lagosians, how about Por-Harcourt residents?
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by hbrednic: 2:40am On Dec 14, 2009
de-law may ur days be long and may you live longer than ur forefathers.
ignore the haters.we appreciate ur good works.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by ud4u: 10:42am On Dec 14, 2009
De- Law thanks for the good job you are doing here, I so much appreciate it.

Please I will like to know how many square meters are in a plot of land.

Thanks in anticipation.
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by beninman1(m): 2:19pm On Dec 17, 2009
many thanks Lawyer for your return. we glad to have u back.
we plead for peace and hope you are well appreciated from now onwards
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by kachiface(m): 11:27pm On Dec 18, 2009
Hey Lawyer, God Bless you mighty good for all this insight.

However, I have a little question. I cam across this somewhere (http://www.aeandelegal.com/newsdisplay.asp?id=68)
It says:
(III) SUBLEASES UNDER 40 YEARS
To determine the consent fee
(a) Divide the assessment by 40,
(b) Multiply the dividend by the number of years of the lease.

Please where does this apply?
Specifically, I have property of 1,933 sq Mtrs around crown estate/farapark and I got pretty scared when I worked your figures, at N4,000 per sq. mtr and the consent came up N8,891,800.00

Please can you help?
Re: Part 2: How To Calculate The Price Of A Governor's Consent In Lagos Yourself by oladele007: 1:55pm On Dec 19, 2009
For you to calculate it, is very simple 4000 x 1933 = 7,732,000

And u divide it by 15 percent 7,732,000 / 15 = 515,467

so you are paying 515,467 naira.

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