Land documentation

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1.        Similar to the 2001 Law, the LUC Law calculates Land Use Charge by multiplying the market value of the property (i.e. the sum of land value and building development value) by the Annual Charge Rate. Unlike the 2001 Law, market value under the LUC Law is to be determined by professional Valuers appointed by the Commissioner of Finance.       The LUC Law also includes a new ‘Relief Rate’ which is applied to the market value and charge rate.  A General Relief Rate of 40% is applied in calculation of Land Use Charge. Specific Relief Rates are also available at various rates ranging from 5% (for long occupiers of property) to 100% (for pensioners). Specific and Relief may be applied for by disabled persons, aged persons, owners/occupiers of old properties (25 years above), Federal and State owned property, non-profit making entities and for timely payment of Land Use Charge (within 15 days).       Applicatio...

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This is that day of the week many of us have been waiting for. From all of us at Aman Royal Partner, we wish you a very wonderful and restful weekend. Remember,If you have properties or planning to acquire some,use this weekend to plan on getting proper and genuine documentation for those properties. We are PROFESSIONALS in this field. Contact us Today at www.amanroyalpartner.com Email address: info@amanroyalpartner.com Tel: 08186093347, 08186093379, 08186093357 or Visit us at: Head Office: Nigerian Law Publications House, Otunba Jobi Fele Way, C.B.D. Alausa, Off Agidingbi, Ikeja Lagos. # tgif   # fridayfeeling   # weekend   # weekendvibes   # CofO   # landdocumentation # planningpermit   # land   # lagosland   # landsearch   # title   # correctland # buildingapproval   # authenticland   # build   # nigeria   # naija   # toptags   # search # instablognaija   # youtube