Stamp Duty Calculator Nigeria
Estimate the stamp duty and all acquisition costs when buying a property in Nigeria.
Transaction Details
Typically 5-10% for sales in Nigeria
Cost Breakdown
Total Acquisition Cost
₦22,200,000
Cost Breakdown
Buying a ₦20,000,000 home costs about ₦2,200,000 in fees on top
Estimates only. Rates vary by state, transaction type, and individual circumstances. Always verify with a qualified Nigerian solicitor.
Stamp Duty & Property Fees FAQs — Nigeria
What is stamp duty on property in Nigeria?
Stamp duty is a government tax on legal documents including property transfer instruments. Under the Stamp Duties Act, a rate of 1.5% applies to instruments of conveyance for property sales in Nigeria. The Federal Inland Revenue Service (FIRS) collects stamp duty on transactions between companies; for individuals, State Internal Revenue Services handle it.
What is Governor's Consent in Lagos and why do I need it?
Governor's Consent is a requirement under the Land Use Act (1978), which vests all land in Nigeria in the state Governor. Any transfer of a Right of Occupancy requires the Governor's approval. In Lagos, this comes with a fee tiered by property value: 3% for properties up to ₦5M, 2.5% up to ₦20M, and 2% above ₦20M.
What are legal fees when buying property in Nigeria?
Legal fees for property conveyancing in Nigeria are typically 1-2% of the purchase price, paid to a solicitor who handles the deed of assignment, due diligence, and registration. Some solicitors charge a fixed fee for lower-value transactions.
Are these costs paid by the buyer or the seller in Nigeria?
In Nigerian property transactions, the buyer typically bears stamp duty, consent fees, and legal fees. The seller usually pays estate agent commission and capital gains tax (if applicable). These costs can sometimes be negotiated, particularly in a buyer's market.
How do I register a property in my name in Nigeria?
Property registration in Nigeria involves: (1) obtaining Governor's Consent or a Certificate of Occupancy (C of O), (2) stamping the deed at the relevant tax authority, (3) registering at the State Land Registry. The process can take weeks to months. Always use a qualified Nigerian solicitor.
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