How To Register A Property In Ghana

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The discovery of oil and gas in Ghana is having an effect on the Real Estate sector, there has be a rise in the number of high rise office complexes springing up in the capital city Accra. This is not driven only by the increase in local business activity in the country, but also from the desire for corporate entities to have decent offices from where they would operate.

In this article we give you a step by step procedure necessary for a buyer to purchase property from a seller and transfer the property title to the buyer’s name. The purchase will be considered complete when the buyer can use the property,use it as collateral for a bank loan or resell it.
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      Listed below are the procedures hope it helps in your endeavour good luck!

Seller conducts the title search and obtains the Title transfer form at the Land Title Registry

Office: Land Registration Division of the Lands Commission 

An inquiry at the Land Registry is directed to affirm legitimate possession. A lawyer readies the exchange record (Transfer deed) that is signed by both the seller and the buyer and their witnesses. The Title Transfer document is appropriately executed and submitted at the Land Registry.

Around two and half weeks GHC 100 - 150 

Assessment of the property value and payment of Stamp duty

Agency: Land Valuation Division of the Lands Commission
Stamp Duty is assessed and paid at the Land Valuation Board. The buyer presents the deed of assignment to the Land Valuation Board . The property is inspected to ascertain its current open market value. The buyer pays Stamp Duty to the Land Valuation Board. The Stamp Duty Act of 2005 (Act 6S9) reduced the stamp duty from 2% to 0.5%. This Act states that for the conveyance or transfer on the sale of a property, the stamp duty is 0.25% where the property value is less than GHC 10000. For properties valued between GHC 10000 and 50000, stamp duty is 0.5%, and for properties valued above GHC 50000, stamp duty is 1%. 8 calendar days GHC 55 (Processing fee) + 1% of property value (stamp duty)

Submit application for title certificate at Land Title Registry

Agency: Land Registration Division of the Lands Commission

Submission of application form for Title Certificate and payment of processing fee at Land Title Registry. The documentation shall include: (i) Application form (ii) Original and one copy of the deed of assignment, duly completed (iii) Land Certificate (iv) Company’s certificate of incorporation 1 day GHC 2

Publication of transaction in national weekly newspaper

Agency: Land Registration Division of the Lands Commission

The transaction must be published in the national weekly newspaper in order to issue Land Title Certificate. The fee for publication is GHC 25 for land the size of 0.25 acres or less. Where the Land Certificate is urgently required, the applicant has the option to choose what is known as “special publication”. In that case, the amount payable is GHC 95. However, if the size of the land plot is above 1 acre (but less than 4 acres), the amount payable is GHC 125. If the size of the land plot is above 4 acres, the amount payable is 2% of GHC 25 on every 0.25 acre. The current position, however, is that where the size of the land is more than 4 acres, the amount payable is a flat rate of GHC 200. 14 calendar days GHC 25

Issuance of title certificate

Agency: Land Registration Division of the Lands Commission

The title Certificate is issued by the Land Title Registry. The transaction is recorded on the Land Certificate, which is returned to the owner. The original of the deed of assignment, having been stamped to show that it has been registered, is also returned to the applicant. The Registry keeps a duplicate. The folio of the Register is filed and the transaction document is placed in the land parcel file. The owner will use the property after the title is issued by Land Title (in areas covered by Land Title Registration) or when the Deed has been registered under the Deeds Registration Act and Development Permit granted by the Assembly. Most often property owners do not wait to go through these processes before making use of the land.

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