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New FG Interchange: Verify That Property Before Buying It. - Properties - Nairaland

Nairaland Forum / Nairaland / General / Properties / New FG Interchange: Verify That Property Before Buying It. (763 Views)

Don't Be The Next Land Scam Victim. Verify That Property To Avoid Being Duped / Find Out The Real Value Of Your Property Before Taking Any Decision / Verify That Property Before You Buy It. Don't Trust The Vendor Or His Agent. (2) (3) (4)

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New FG Interchange: Verify That Property Before Buying It. by SurveyorGeo: 2:41pm On Jun 30, 2019
https://m.guardian.ng/property/fg-to-demolish-200-houses-for-new-lagos-ibadan-interchange/

ANNOUNCEMENT! ANNOUNCEMENT!! TO EVERYONE.

Please and please if you have plans to buy land or house in PAKURO or MOWE or LOTTO, Don't do that for now because FEDERAL GOVERNMENT wanted to build power line and interchange link like the one at Sagamu.
And the road will link to AKUTE and IKORODU, It will affect many plots and properties.

RIGHT NOW PEOPLE ARE SELLING THEIR LANDS AND HOUSES TO THOSE WHO ARE NOT INFORMED.

Make research before you venture into property in these areas .

Please save innocent person from wasting the money they have toiled/ laboured for and share this information to your walls ——-family and friends

Have nice & blessed week
for more information call me on 08069018449
Re: New FG Interchange: Verify That Property Before Buying It. by SurveyorGeo: 3:36pm On Jul 05, 2020
Please take time to go through this so that we can learn and avoid similar mistake.
https://punchng.com/embassy-demolition-full-story-might-never-be-told/

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Re: New FG Interchange: Verify That Property Before Buying It. by SurveyorGeo: 6:35am On Aug 26, 2020
UNDERSTANDING LAND SIZES AND MEASUREMENT
================================

Most people who purchase land don't really understand the meaning of these Real Estate terms. As a potential buyer wishing to buy a land or build a new house you must be conversant with a few of these figures. The first hurdle is to understand the system of Land measurement in Nigeria.

In Nigeria today, Land is measured in Hectares, Acres, Meters and Feet. These measurements are affected by factors, which include development pattern, human and environmental factors.

Let's start by asking what is the size of a standard plot in Nigeria?

According to the dictionary meaning of a plot: A plot is a marked out piece of Land for the purpose of building or farming. The word 'plot' is an arbitrary term used to describe a land division carved out for property development.

The size of a plot can vary for different reasons but according to Nigeria's land division, the appropriate plot for a house construction is 50 x 100ft / 15.24 × 100.48 meters which can accommodate a standard house with a small compound. To better understand land divisions used in Nigeria, different units of area are used as follows:

HECTARE
========
A hectare is one of the least known metric units and one which potential buyers and Estate developers seem to struggle with -

It is a land measuring:
��100m x 100m OR
��328ft x 328ft OR
��10,000 sqm OR
��Two and half acres OR
��15 plots.

ACRE
=====
An Acre is a standard unit of measurement used by Land sellers and it is almost equivalent to the size of a standard football field. An Acre is a product of any rectangular plot of land giving a total of:

��4,046sqm OR
��43,560 sq ft OR
��6 plots (each measuring 60ft x 120ft 18.288 × 36.576 meters )

PLOT
====
In Lagos State, the standard size of a plot is 60ft x 120ft (18m x 36m i.e. 648 sqm), while in some other cities of the country, plots are measured in 50ft x 100ft (15.24 × 30.48 meters)

HOW TO UNDERSTAND LAND TITLE AND DOCUMENTS
=================================

Real Estate Coach Spark shares this, though copied, but I feel we should go through it.

SURVEY PLAN
===========

A Survey plan is a document that measures the boundary of a parcel of land to give an accurate measurement and description of that land. The people that handle survey issues are Surveyors and they are regulated by the office of the Surveyor general of the state as it relates to survey issues in the state. A survey plan must contain the following information:

1. The name of the owner of the land surveyed

2. The Address or description of the land surveyed

3. The size / area of the land surveyed

4. The drawn out portion of the land survey and mapped out on the survey plan document

5. The beacon numbers

6. The surveyor who drew up the survey plan and the date it was drawn up

7. Seal of the Surveyor signing the document

EXCISION
========

Land Use Decree on the 28th of March, 1978 that vested all lands in every state of the Federation under the control of the State Governors. The Land Use Act coupled with other laws made it possible for the Governor who was now the owner of all lands in the state to actually have the power to Acquire more lands compulsorily for its own public purpose to provide amenities for the greater good of the citizens.

Fortunately, the government recognizes that indigenes of different sections of the country have a right to existence . . . a right to the land of their birth. Hence, it is customary for state government to cede a portion of land to the original owners (natives) of each area.

An Excision means basically taking a part from a whole and that part that has been excised, will be recorded and documented in the official government gazette of that state.

GAZETTE
========

A Gazette is an Official record book where all special government details are spelt out, detailed and recorded

A gazette will show the communities or villages that have been granted excision and the number of acres or hectares of land that the government has given to them. It is within those excised acres or hectares that the traditional family is entitled to sell its lands to the public and not anything outside those hectares of land given or excised to them.

A Gazette is a very powerful instrument the community owns and can replace a Certificate of Occupancy to grant title to the Villagers. A community owning a gazette can only sell lands to an individual within those lands that have been excised to them and the community or family head of that land has the right to sign your documents for you if you purchase lands within those excised acres or hectares of land.

DEED OF ASSIGNMENT
===================

A Deed of Assignment is an Agreement between the Seller of a Land or Property and a Buyer of that Land or property showing evidence that the Seller has transferred all his rights, his title, his interest and ownership of that land to that the Seller that has just bought land.

The Deed of Assignment has been exchanged between both parties, it has to be recorded in the land registry to show legal proof that the land has exchanged hands and the public should be aware of the transaction. Such recorded Deed of Assignment come in the form of either a Governor's Consent or Registered Conveyance

CERTIFICATE OF OCCUPANCY
========================

A Certificate of Occupancy (C of O) issued by the Lagos State Government officially leases Lagos land to you, the applicant, for 99 yrs. As already indicated above, all lands belong to the Government.

A C of O however is the officially recognized Document for demonstrating Right to a Land.
What happens after 99 years? That question is still subject of debate among experts. Most have adopted a wait-and-see attitude. Others postulate that as the new owner of the land, you the buyer, can renew the certificate of occupancy when it expires. That makes sense, but for now is largely a case of we shall see. For more Information call 08069018449

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