Home / Schdule of Fees

Schdule of Fees

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

Directorate of Land Registry

FEES/RATES/CHARGES

S/N PRODUCT CHARGES
1. SEARCH N3,750.00
2. CERTIFIED TRUE COPY N5,625.00
3. SURVEY PLAN FOR C.T.C OF DEED N1,875.00
4 FOR C.T.C. OF TITLES N5,625.00
5 COMPOSITE PLAN N37,500.00
6 WITHDRAWAL OF CAUTION FREE
7 REGISTRATION OF COURT JUDGEMENT/ ORDER N15,000.00
8 MEMORANDUM OF LOSS N18,750.00
9 DEED OF SURRENDER N18,750.00
10 MORTAGES 0.5% OF THE  PROPERTY
11 RELEASE OF MORTAGE N18,750.00
12 DEED OF ASSEST N100,000.00
13 VESTING DEED   N100,000.00
14 LOST CERTIFICATE   N100,000.00
15 CAUSTION N100,000.00
16 UPSTAMPING 1.50%
17 SUPPLEMENT DEED 1.50%
18 DEED OF ASSIGNMENT 3% of Value
19 SUBLEASE 3% of Value
20 LEASE 3% of Value
21 CERTIFICATE OF PURCHASE 3% of Value
22 TRANSFER 3% of Value
23 GIFT 3% of Value
24 AGREEMENT 3% of Value

DIRECTORATE OF LAND REGULARISATION

FEES/RATES/CHARGES

FEES/RATES/CHARGES

PARTICULAR SCALE OF CHARGES
PREMIUM 25% of the assessed value rate derived  from the Fair Market Value
ANNUAL GROUND RENT 1% of the Premium
DEVELOPMENT CHARGES 2% of the Premium
STAMP DUTY FEES 0.5% of the Premium
REGISTRATION 0.5% of the Premium
NTDA FEE 2.0% of the Premium

 

DIRECTORATE OF LAND SERVICES

FEES/RATES/CHARGES

PARTICULAR SCALE OF CHARGES
CONSENT CONSENT FEE 1.5% of Fair Market Value
CGT 0.5% of Fair Market Value
STAMP DUTY 0.5% of Market value
REGISTRATIONFEES 0.5% of Fair Market Value
RECTIFICATION OF LAND TITLES RECTIFICATION FEE 0.75% of Fair Market Value
REGISTRATION FEE 0.375% of Fair Market Value
STAMP DUTY 0.375% of Fair Market Value
PRIVATE SECTOR DEVELOPERS’ PROGRAMME(PSDP) ETI-OSA N60- N 80m PER HECTARES
IBEJU LEKKI N30- N60m PER HECTARES
EPE N10- N 30m PER HECTARES

 

KEY: FMV= Fair Market Value

 

Mode of Payment for Allocation of Land

  • Obtain appropriate bank drafts
  • Endorse photocopy of Allocation Letter with the Scheme Officer
  • Obtain Payment Advice for PID Number generation
  • Pay into Banks NOTED ON THE PAYMENT ADVICE
  • Obtain receipts instantly from the Bank
  • Proceeds to service point for lodgment of receipts

 

 APPLICATION CODE REVENUE CODE AGENCY CODE
 LAND CHARGES  404002  4520000
 REGISTRATION & CONVEYANCE  0008388  4520000
 APPLICATION FORMS  4040087  4520000
 PUBLICATION  4040003  4520000
 CAPITAL CONTRIBUTION  4530002  4520000
 GROUND RENT  4040002  4520000