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| Procedure | Time to complete: | Cost to complete: | |
|---|---|---|---|
| 1 | Submit application documents for registration | 10 days | No cost |
| 2 | Pay fees and taxes | 1 day | RMB 20,020.50 (Deed tax: 3% of trading price; stamp duty: 0.1% of trading price plus RMB10; business tax and surcharges: 5.5% of appreciation on property value) |
| 3 | Pay processing fee and registration fee | 1 day | RMB 6,997.20 (Processing fee: 1% of trading price; registration fee: RMB65 plus RMB0.3/m² for building of more than 100m²) |
| 4 | Obtain new building title certificate | 1 day | No cost |
| 5 | Apply for registration of land title transfer | 40 days | No cost |
| *6 | Send boundary setting notices to neighbors | 1 day (simultaneous with procedure 5) | No cost |
| 7 | Pay land title registration fees | 1 day | RMB 957.58 (Registration fee: RMB0.5/m²; administration fee: RMB1/m²; mapping fee: RMB0.2/m²; copy fee: RMB10) |
| 8 | Obtain new land title certificate | 1 day | No cost |
| * Takes place simultaneously with another procedure. | |||