Registering Property in Khulna, BangladeshSTANDARDIZED PROPERTYProperty value: 1,370,110 City: Khulna Registration Requirements: | |
| Procedure 1*. | Verify the record of rights from the Land Office |
| Time to complete: | 7 days |
| Cost to complete: | BDT 3 |
| Comment: | At the same time, it is checked that land rent receipts are up to date. There is the: a. Land Records Office for land records, surveys, publication and maintenance of records under the directorate of land records and survey (Ministry of Land). Records are not computerized. b. Land Office or Land Revenue Office under Ministry of Land. There are 11 administrative offices in each upajela (subdistricts)There are 64 districts in Bangladesh but 61 registration districts. 3 hill districts do not have registration centres. |
| Procedure 2*. | Obtain a copy of the cadastral survey from the land records office |
| Time to complete: | 5 days |
| Cost to complete: | BDT 5000 |
| Comment: | Records date from about 1890 or 1891. |
| Procedure 3. | Obtain the non-encumbrance certificate |
| Time to complete: | 4 days |
| Cost to complete: | BDT 65 |
| Comment: | The buyer checks the legal position of the land (mortgaged or leased or ownership) at the relevant Sub-registry. |
| Procedure 4. | Prepare deed of transfer and pay stamp duty |
| Time to complete: | 1 day |
| Cost to complete: | 5% property value |
| Comment: | A lawyer or deed writer usually prepares the transfer deed, but it can be prepared by the parties themselves. The deed must be prepared in stamped paper that will cost 5% of the property value to get it. This represents the stamp duty. |
| Procedure 5. | Pay capital gains tax, registration fee, VAT and other taxes |
| Time to complete: | 1 day |
| Cost to complete: | Capital Gains Tax (5%)+ VAT (1.5%) + local government tax (2%) + registration fee (2.5%) |
| Comment: | Stamp Duty = 5% VAT = 1.5% (Applicable only for municipal corporation area payable by private housing and flat developers and commercial businesses) Registration fee = 2.5% Local Government Tax = 2% Capital Gains Tax = 5% (Not applicable in rural areas for agriculture. Applicable to land above 100 000 Takas, irrespective of when the transfer was made) Taxes at source for land developers 2.5% for land and 175 per m2 for a flat The 2.5% registration fee is payable to the Bank in favor of the sub-registry office and the receipt is to be presented at the moment of applying for registration. |
| Procedure 6*. | Apply for registration at the relevant Sub-registry |
| Time to complete: | 180 to 540 days (6 months to 1 and a half years to obtain original certificate) |
| Cost to complete: | BDT 1.5 for every 100 words on Deed of Sale, equal to about BDT 500 |
| Comment: | The buyer applies for registration at the Municipal Deed Registry Office, presenting the receipts of payment for the registration fees obtained in Procedure 6. During this time, the client submits an application for mutation of the property in the name of the purchaser; the Assistant Commissioner Land will send the application to Land Office for verification; the Land Office will submit a report to AC Land indicating legality of sale of land; and the Assistant Commissioner Land will provide a certificate containing mutation Khatian in favour of the purchaser. A certified copy of the registration document is obtained within 2 weeks for the buyer's record. |
| Procedure 7*. | Register the change in ownership at the Land Revenue Office |
| Time to complete: | 31 days |
| Cost to complete: | BDT 30 - 35 |
| Comment: | The change of ownership must be registered in the Land Revenue Office. The property is recorded under the name of the new owner, who is responsible to pay the land revenue from the day it is transferred. |
| Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*). | |