Registering property in Uganda requires planning, patience and more importantly using the right channels. Registering of property is important because records are kept and they can always be used in cases of legal disputes or when selling off the property.
Shakib Nsubuga, Country Manager of Lamudi Uganda, said: “Registering property can be time consuming and costly if not done at the right time and through the right channels.”
Property and Land registration is similar however this week; Lamudi shares tips to follow when registering a property.
Request a search and obtain Consent form to transfer at the Registry of Lands
This document is requested from the Registry of Lands. Once you fill out this form, you will be given a Bank Advice Form (BAF) and will be requested to pay a certain amount to the bank in full.
This form is the same form used for the payment of taxes, in cases where the land is owned in freehold and there is no need to obtain consent to transfer, it will be used to determine tax payments owed or to make payment. This process usually takes a day.
Payment of Search fee and Stamp Duty
This payment is usually made to a specific bank in order to facilitate the payment process. It is important to note that one must obtain the BAF before making payment, this fee is usually 25000/=. This process takes one day.
Conduct a search
This process is done at the Registry of Lands once the receipt from the search fee payment has been presented, after it has been presented the consent to transfer application begins. This process can take 4-7 days.
This is usually done by your lawyer however it is not mandatory but having a lawyer draft it can be helpful to you in the long run. This can be done in a day.
Valuation of property for transfer purposes
This is done at the Chief Government Valuer’s Office were the value of the property is determined for transfer purposes, assessment and paying stamp duty. This usually takes 5-10 days.
Obtain assessment form for payment of stamp duty
This form can be accessed from URA once the chief Government Valuer has given his consent and the file has been presented. URA will then provide you with the form and the bank to pay to. This takes 2-3 days.
Payment of stamp duty
This payment will be done at the advised commercial bank. The Bank will then inform the URA that the payment has been received. This can take 3-5 days.
Obtain consent to transfer
This is done at the land Board in order to obtain consent to transfer, it can only be done after receipt of the consent fees has been handed in. However if companies are involved they must file with the companies registry a special resolution authorizing the transaction this costs 20,000/=. It can take 5-10 days.
Assessment of Registration fee
This is done at KCCA, the sale agreement is presented for assessment. An assessment form is given stating the amount to the paid for Registration Fees and the designated bank. This usually takes a day.
Payment of registration fee
This is done at the designated commercial bank and must be done in order to continue the registration process. It costs around 44,500/= and takes a day.[related_posts]
Lodging transfer documents
This is done at the Registry of Lands where they are transmitted to the Registrar who passes the Instrument of Transfer. The file is typed and sent to the Commissioner in charge of land registration for verification.
The registrar cancels out the old owner and signs against the new owner. The buyer and seller must now provide a passport size photograph, receipts of payment for registration fees and a copy of the title.