Registering Property in Djibouti

This topic examines the steps, time, and cost involved in registering property in Djibouti.

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Property Value: DJF 9,738,363
City: Djibouti Ville

	Procedure	Time to complete:	Cost to complete:
1	Buyer and seller go to the notary with the title to draft the sale-purchase agreement	1 day	2% + 10% (for second transfer or thereafter) property value, + (40,000 F to 180,000 F (notary fees)) + 500 F per page (x 6, stamp duties)
2	Notary checks for mortgages or liens on the property	1 day	DJF 1,500
3	Notary proceeds to tax authorities to check status of the property and capital gains	2 - 3 days	no cost
4	Parties return to the notary to sign the sale-purchase agreement	1 day	(already paid in procedure 1)
5	Notary proceeds to the registry for registration and to attach stamps to the title	up to 1 month	10% property value (already paid in procedure 1) + 500 F per page (x 6, stamp duties already paid in procedure 1)
6	Notary goes to the Service des Domaines to change the name of the proprietor	7 - 10 days	2% property value (Already paid in procedure 1)
7	Notary returns to the Service des Domaines to pick up new title file	1 day	no cost

Procedure 1.: Buyer and seller go to the notary with the title to draft the sale-purchase agreement
Time to complete:: 1 day
Cost to complete:: 2% + 10% (for second transfer or thereafter) property value, + (40,000 F to 180,000 F (notary fees)) + 500 F per page (x 6, stamp duties)
Name of Agency:
Comment:: The title file contains the following, and will already be in the possession of the seller: the title, the cadastral plan, the sale value, the names of the proprietors, and the surface area. It is obligatory that the notary draft the sale-purchase agreement. The transfer cost for a first time transfer of the property would be 2% + 7% property value.

Procedure 3.: Notary proceeds to tax authorities to check status of the property and capital gains
Time to complete:: 2 - 3 days
Cost to complete:: no cost
Name of Agency:: Tax Authority
Comment:: If there are capital gains to be paid, notary will collect them from the seller

Procedure 4.: Parties return to the notary to sign the sale-purchase agreement
Time to complete:: 1 day
Cost to complete:: (already paid in procedure 1)
Name of Agency:
Comment:: At this point the buyer pays the seller a deposit. If there are capital gains to be paid the seller will pay them at a rate of 5%.

Procedure 5.: Notary proceeds to the registry for registration and to attach stamps to the title
Time to complete:: up to 1 month
Cost to complete:: 10% property value (already paid in procedure 1) + 500 F per page (x 6, stamp duties already paid in procedure 1)
Name of Agency:: Registry
Comment:: Sometimes this procedure can take up to 2 or 3 months.

Procedure 6.: Notary goes to the Service des Domaines to change the name of the proprietor
Time to complete:: 7 - 10 days
Cost to complete:: 2% property value (Already paid in procedure 1)
Name of Agency:: Service des Domaines
Comment:: This procedure is a mere conversion, not a new act of registration and it will take place approximately 10 months after provisional registration. The procedure involves checking all records, which are paper-based, and all history of transactions relevant to the property.

Procedure 7.: Notary returns to the Service des Domaines to pick up new title file
Time to complete:: 1 day
Cost to complete:: no cost
Name of Agency:: Service des Domaines
Comment:: The new title file contains the name change. The buyer remains holds the new title file from here forward.