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LAND USE AND ALLOCATION COMMITTEE

FEES/RATES/CHARGES

PARTICULAR SCALE OF CHARGES
Allocation cost 65% of FMV of the land and building as contained in the Lagos State of Nigeria Official Gazette No. 10, Vol. 48, dated 5th February, 2015
BREAKDOWN(GENERAL SCHEME)  
Premium 60% of  the FMV
Capital Contribution 25% of the FMV
Survey Fee 5% of the FMV
Ground Rent 1% of the FMV
Stamp duty 2% of the FMV
Registration and Conveyance 3% of the FMV
Administrative Charges 1% of the FMV
Development Charges 3% of the FMV

 

KEY-: FMV= Fair Market Value

(DEEMED GRANT CONSENT PROCESSING)

PARTICULAR SCALE OF CHARGES
CONSENT FEE 1.5% of the FMV
PUBLICATION FEE N10,000
STAMP DUTY .75% of the FMV
REGISTRATION FEE .75% of the FMV

 

KEY:- FMV=Fair Market Value