S/No. 

SUBJECT

PREVIOUS RATES (N)

APPROVED RATES (N)

PROPOSED REVIEW (N)

Residential

Commercial

Residential

Commercial

Residential

Commercial & 0thers

1.

Land Application Forms fee

1,000

2,500

Free

Free

Free

Free

2.

Land Application Processing Fee

20,000

50,000

50,000

50,000

50,000

50, 000

3.

Land Application Fee for Relocation

-

-

-

-

20,000

20,000 Valid till 2006

4.

Application for consent to Assign

1,000

1,000

5,000

5,000

Unchanged

Unchanged

5.

Application fee for consent to Mortgage

1,000

1,000

5,000

5,000

Unchanged

Unchanged

6.

Processing fee for consent to Mortgage

5,000

6,000

5,000

6,000

Unchanged

Unchanged

7.

Processing fee for consent to Assign

5,000

6,000

5,000

5,000

Unchanged

Unchanged

8.

Stamping & Registration (Mortgage)

2% of consideration

2% of consideration

0.5% of consideration

0.5% of consideration

Unchanged

Unchanged

9.

Stamping & Registration (Assignment)

5% of assessed value + 5% Capital Gains Tax

5% of assessed value + 5% Capital Gains Tax

3% of assessed value + 5% Capital Gains Tax

3% of assessed value + 5% Capital Gains Tax

Unchanged

Unchanged

10.

Application fee for extension of offer of R-of-O

10,000

10,000

10,000

10,000

Unchanged

Unchanged

11.

Application fee for consent to Sublease

2,500

2,500

2,500

2,500

Unchanged

Unchanged

12.

Stamping and registration of Sublease

2% of consideration

2% of consideration

1.5% of consideration

1.5% of consideration

Unchanged

Unchanged

13.

Application fee for  Devolution Order

1,000

1,000

1,000

1,000

Unchanged

Unchanged

14.

Application fee for subdivision undeveloped land

50,000

50,000

50,000

50,000

Unchanged

Unchanged

15.

Application fee for subdivision developed land

2% of capital value

2% of capital value

1.5% of capital value

1.5% of capital value

Unchanged

Unchanged

16.

Application fee for merger

10,000

10,000

10,000

10,000

Unchanged

Unchanged

17.

Consent fee for merger

20,000

20,000

20,000

20,000

Unchanged

Unchanged

18.

Application fee for change of purpose

10,000

10,000

1,500,000

1,500,000

10% of assessed Value subject to a minimum of N1 M

Unchanged

19.

Preparation & registration of supplemental C-of-O of residential plot

10,000

10,000

10,000

10,000

Unchanged

Unchanged

20.

Preparation & registration of supplemental C-of-O miscellaneous

25,000

25,000

25,000

25,000

Unchanged

Unchanged

21.

Application fee for Extension

10,000

10,000

10,000

10,000

Unchanged

Unchanged

22.

Extension

100,000/m2

100,000/m2

100,000/m2

100,000/m2

Unchanged

Unchanged

23.

Application for extension of time to perfect documents

25% of annual Ground Rent

25% of annual Ground Rent

25% of annual Ground Rent

25% of annual Ground Rent

Unchanged

Unchanged

24.

Preparation of C-of-O

5,000

10,000

5,000

10,000

Unchanged

Unchanged

25.

Registration of C-of-O

1,000

1,000

1,000

1,000

Unchanged

Unchanged

26.

Search Fee

5,000

10,000

5,000

10,000

Unchanged

Unchanged

27.

Certified True Copy of C-of-O

25% of initial bill

25% of initial bill

25% of initial bill

25% of initial bill

150,000

150,000

28.

Deed of Release (Stamping & Registration)

20,000

20,000

20,000

20,000

Unchanged

Unchanged

29.

Power of Attorney (for administration of wills & estates)

-

-

50,000

50,000

Unchanged

Unchanged

30.

Perfection of extra copies of documents

1,000/copy

1,000/copy

1,000/copy

1,000/copy

Unchanged

Unchanged

31.

Quarry Lease (Stamping & Registration)

100,000

200,000

100,000

200,000

Unchanged

Unchanged

32.

Certified True Copy of Registered Documents

10,000

10,000

10,000

10,000

Unchanged

Unchanged

33.

Premium Charge

2,000/m2

2,000/m2

2000/m2

2000/m2

Unchanged

Unchanged

34.

Penal Rent

25% of annual Ground Rent

25% of annual Ground Rent

25% of annual Ground Rent

25% of annual Ground Rent

Unchanged

Unchanged

35.

Tenement Rating

Statutory responsibility of Area Councils

Statutory responsibility of Area Councils

Include in new C-of-O with Ground Rent & share revenues with Area Councils

Include in new C-of-O with Ground Rent & share revenues with Area Councils

Unchanged

Unchanged

36.

Stamping & Registration of Devolution Order

-

-

-

-

0.5% Value of Property

0.5% Value of Property

37.

Application for Consent of Deed of Gift

-

-

-

-

1,000

1,000

38.

Stamping & Registration of Deed of Gift

-

-

-

-

As Assignment

As Assignment

39.

Administrative Charge for Applications Under Accelerated Development

-

-

-

-

1,000,000

1,000,000

40.

Administrative Charge for Applications Under Mass Housing Scheme

-

-

-

-

2,000,000

2,000,000

41.

Premium Charge for Mass Housing

2,000/m2

2,000/m2

2,000/m2

2,000/m2

Deferred Till Construction & Transfer

Deferred Till full Construction & Transfer

42.

Premium Charge for Hospitals/Clinics/Health Care Facilities Within FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

1,000/m2

43.

Premium Charge for Hospitals/Clinics/Health Care Facilities Outside FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

500/m2

44.

Premium Charge for Religious Institutions Within FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

1800/m2

45.

Premium Charge for Religious Institutions Outside FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

900/m2

46.

Premium Charge for Schools Within FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

500/m2

47.

Premium Charge for Schools Outside FCC

2,000/m2

2,000/m2

2,000/m2

2,000/m2

250/m2

48.

Premium charge for Agricultural Uses

0.00

51.

Premium Charge for Parks & Others

-

-

-

-

5,000//m2 of built-up Area (to largely remain green)

52.

Fees & Other Charges for Relocation

-

-

-

-

600/m2

53.

Title Regularisation Application  Fee For Area Councils

-

-

-

-

5,000

54.

Surrender Fee

-

-

10,000

10,000

Unchanged

55.

Capital Gains Tax For Surrender

2.5% of Assessed value

2.5% of Assessed value

2.5% of Assessed value

2.5% of Assessed value

Unchanged

56.

Cost of Perimeter Survey and Demarcation

20//m2

57.

Title Deed Plan(TDP) Preparation fee

10,000 flat rate/TDP

58.

Re-establishment of Beacon

2,500/Beacon