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APPROVED RATES FOR FEES CHARGEABLE ON LAND TRANSACTIONS IN EDO STATE

CLASSIFICATION OF PROPERTY/LAND


RESIDENTIAL
COMMERCIAL
INDUSTRIAL
AGRICULTURAL
PUBLIC INSTITUTIONS (Schools, Hospitals, Community Facilities, Religious Institutions, and Sports Facilities. Please note only formally approved institutions by relevant government MDA, so qualify in the case of existing institutions).

PROPOSED NEW RATES FOR CERTIFICATE OF OCCUPANCY

PRIME CHARGE of N50,000 for all C of O applications (State and non-State land). This initial fee covers the cost of application, advertisement and preparation of Certificate of Occupancy and administrative charge.

NON STATE ALLOCATION PREMIUM RATES:

RESIDENTIAL
COMMERCIAL
INDUSTRIAL
AGRICULTURAL
PUBLIC INSTITUTIONS

N10/SQM
N25/SQM
N50/SQM
N0.25/SQM
N12.5/SQM

STATE ALLOCATION PREMIUM RATES:

RESIDENTIAL
COMMERCIAL
INDUSTRIAL
AGRICULTURAL
PUBLIC INSTITUTIONS

N10/SQM
N25/SQM
N50/SQM
N0.25/SQM
N12.5/SQM

x2.5 of Total
x2.5 of Total
x1.5 of Total
x1.5 of Total
x1.5 of Total

ZONING COEFFICIENT

ZONE A (HIGH VALUE DISTRICT)

>50M

x2.5 of Total

ZONE B (UPPER VALUE DISTRICT)

25M-50M

x1.5 of Total

ZONE C (MID VALUE DISTRICT)

15M-25M

x1.0 of Total

ZONE D (LOW INCOME DISTRICT)

<15M

x0.5 of Total

ZONE E (RURAL AREAS)

<10M

x0.5 of Total

SUBSEQUENT LANDS TRANSACTION FEES

GOVERNOR’S CONSENT FEE
STAMP DUTY
CAPITAL GAINS TAX
MORTGAGE CONSENT FEE

1.5%
2.0%
2.5%
0.5%

GROUND RENT RATES (N) PER SQM

RES
RESIDENTIAL		COMM
COMMERCIAL		IND
INDUSTRIAL		AGRIC
AGRICULTURAL		INST
INSTITUTIONAL		PRIVATE LAYOUT GOVERNMENT LAYOUT
ZONE A20
30
45
1.5*

30
x1.0
x1.5
ZONE B15
22.5
30
1.0*
22.5x1.0
x1.5
ZONE C*10
15
22.5
0.5*
15x1.0
x1.0
ZONE D**5
10
15
0.5*
10x1.0
x1.0
ZONE E**5
10
15
0.5*10x1.0
x1.0

*agricultural land rates are subject to holding size as enumerated below for Zone C,D,E only.

AGRICULTURAL LAND GROUND RENT COMPUTATION

SMALL HOLDER (SH)
COMMERCIAL FARM (CF)
LARGE HOLDER (LH)
FARM ESTATE (FE)

<10HA >10HA <100HA >100HA <1000HA >1000HA

0.50/SQM
0.30/SQM
0.15/SQM
0.10/SQM

NEW RATES FOR LAND USE CHARGE

Rates are calculated as percentage of Depreciated Replacement Cost (DRC) less applicable Ground Rent

Owner Occupied Residential (OWNER)
Commercial Residentials (COMRES)
Commercial Premises (COMM)
Industrial Premises (IND)
Institutional Premises (INST)
Agricultural Concerns (AGRIC)

0.04%
0.15%
0.375%
0.20%
0.10%
0.075%