Land Registry Cost 2024: How Much Money It Will Cost to Register Land?
Know The Land Registry Cost in 2024
If the declared value of land is Tk 50 lakh, the estimated registration cost will be:
Stamp Duty: Tk 75,000 (1.5%)
Registration Fee: Tk 50,000 (1%)
VAT: Tk 7,50,000 (15%) in urban areas
AIT: Depends on the nature of the land.
Some suggestions before land registration
- Confirm the actual ownership of the land.
- Verify all documents.
- Collect the correct information from the concerned land office or registry office.
Land registration charges may vary according to government regulations. Therefore, it is very important to have the right information before buying land.
Know how much money it will cost to register land
Registration is an important step in buying and selling land. The cost of land registration in Bangladesh is determined based on the value of the land and includes several fees and taxes. Below is the estimated cost and required information for land registration in 2024:
Land registration is the major component of the cost
1. Stamp Duty: 1.5% of the declared value of the land.
2. Registration Fee: 1% of the declared value of the land.
3. VAT: 15% in urban and 3% in rural areas.
4. Advance Income Tax (AIT): Depending on the declared value of the land, it may be higher in commercial cases.
Other expenses
Documentation Fee: Document preparation, filing, and other documentation costs.
Lawyer’s fees: A lawyer may be required to ensure the legal aspects of land registration.
Notification Fee: Cost of verification of government notification or related documents
