Registering Property in Armenia

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Standardized property

Registration Requirements Summary:

Registration Requirement Details

Procedure 1.

Seller obtains a special reference on restrictions on the property at the State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC)

Time to complete:

2 days (regular procedure) or 1 day (expedited procedure)

Cost to complete:

AMD 7,000 (regular procedure) or AMD 14,000 (expedited procedure) + AMD 5,000 (for the survey). Total for expedited procedure- AMD 19,000

Name of Agency:

State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC)

Comment:

The seller has to obtain information about the encumbrances and other restrictions (mortgage, easement, etc.) on the real property. In this regard, the seller has to apply to the local office of the SCRPC to obtain the appropriate reference, which is valid within 7 days of the issuing. For public and industrial property of more than 200 sq. meters the fee for property survey shall be applied, which is calculated in the following way:
from 200 sq. m. to 500 sq. m. – AMD 2,500;
from 500 sq. m. to 1,000 sq. m. – AMD 5,000;
from 1,000 sq. m. to 5,000 sq. m. – AMD 15,000;
from 5,000 sq. m. to 10,000 sq. m. – AMD 30,000;
for more than 10,000 sq. m. – AMD 60,000
Note that in this case, land is 557.4 square meters.
The documentation shall include:
Application (in the established form)

Procedure 2.

Payment of stamp duty and notarization of sale-purchase agreement by public notary

Time to complete:

1 day

Cost to complete:

AMD 5,000 (Stamp duty for Notarization) + AMD 15,000 – 20,000 (Notary’s fees)

Name of Agency:

Comment:

Previously, stamp duty for notarization was paid to the respective settlement account at a commercial bank – however, it is now possible to pay this stamp duty directly at the notary office. According to the legislation, the sale-purchase agreement is subject to notarization.
The notary explains to the parties the point and significance of the contract, and checks whether the provisions of the contract comply with the intention of the parties and whether it does not contradict the law. Along with the status of the property rights and the absence of prohibition, the notary checks the authority of the representatives and legal entities of the contract parties and notarizes the agreement.
In order to get the agreement notarized the seller must provide evidence of his title to the property, i.e. the registration certificate and the reference information mentioned in Procedure 1.
There is no legal requirement for the agreement to be prepared by a lawyer. Accordingly, the parties are free to prepare the agreement themselves.

The documentation for notarization of sale-purchase agreement shall include:
Sale-purchase agreement
Registration certificate (in possession of the seller)
Reference on restrictions (Obtained in Procedure 1)
Corporate documents of the parties, i.e. charters, foundation agreements, powers of attorney

Procedure 3.

The local office of the SCRPC registers the title and provides a registration certificate to the new owner

Time to complete:

7 days (regular procedure), 4 days (faster procedure), or 2 days (fastest procedure)

Cost to complete:

AMD 40,000 (Stamp duty for registration) + AMD 10,000 (registration fee) + AMD 1,000 (cost of cameral works) + AMD 3 per square meter (cost of measurement works for land) + AMD 20 per square meter (cost of measurement works for buildings and constructio

Name of Agency:

State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC)

Comment:

According to the legislation, within 30 days of the notarization of the sale and purchase contract the buyer shall apply to the SCRPC for the state registration of the transfer of title.
SCRPC inspects the authenticity of the presented documents, including verification through the database, surveys building and land, makes a decision about registration, registers in the registry and issues a certificate of title registration to the new owner.
The measurement works are done only in the cases when the first time registration is done and there is a change in the property layout after issuing new certificate of ownership.

According to the law the ownership right arises only after the registration has been completed.
Stamp duty in this case equals AMD 40,000. For the dwelling space, as well as for the property of public and industrial use less than 200 square meters, the stamp duty is AMD 20,000.
Stamp duty for registration can be paid in Procedure 3 to the respective settlement account at a commercial bank.
All other payments shall be made at the local office of SCRPC.

The cost of the measurement works is AMD 3 per square meter of land and AMD 20 per square meter of buildings and constructions. For the property described in the case study the measurement works cost (for the expedited procedure) AMD 836.1 for 92.9 square meters of land (the measurement works are done only for the land plot not covered by the building) and AMD 55,740 for 929 square meters for the building (warehouse).
For residential property, lands without constructions, as well as for the property of public and industrial use less than 200 sq. meters the accomplishment time is 2 days. For public and industrial property of more than 200 sq. meters the accomplishment time is 7 days, which could be cut to 4 days or 2 days by paying the double or triple of the costs of cameral works and the land and building measurement works.
Property transfers as a rule are subject to a 20% VAT, except if the parties are natural persons.

The documentation shall include:
Application (in the established form)
One copy of the notarized sale purchase agreement
Corporate documents of the new owner