STAMP DUTY WHEN YOU BUY LAND OR BUILDING

STAMP DUTY WHEN YOU BUY LAND OR BUILDING

When you buy land or building in Nigeria, paying stamp duty is a legal requirement that gives your transaction official/legal recognition.

Stamp duty is a Government tax (3% of the price of the land) paid on documents that legally transfer ownership of land/building from one person to another.

It is what makes your Deed of Conveyance/Assignment or other property transfer documents valid for registration and admissible in court.

Without proper payment and stamping, your land purchase document is incomplete and has no evidential value in any court.

Many innocent buyers have lost their lands simply because they ignored this step or relied on unqualified persons to process it.

This is why it is important to engage a Property Lawyer to handle and process your stamp duty. He knows the percentage of duty payable, the relevant laws that apply in your State and the proper way to file your documents for stamping.

At Apex Chambers, we have seen persons have avoidable stamp duty issues of delays, rejection by the Land Registry and outright invalidation of their documents.

A qualified Property Lawyer ensures that your land documents are duly stamped, properly filed and legally recognized, protecting your investment from future legal troubles.

Whether you live in Nigeria or abroad, never buy land or process your stamp duty without a Property Lawyer.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors Advocates, Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls & Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com