Registering Property in Changsha, China
This topic examines the steps, time, and cost involved in registering property in Changsha.
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| Procedure | Time to complete: | Cost to complete: | |
|---|---|---|---|
| 1 | Submit application documents for building transaction | 7 days | No cost |
| 2 | Obtain payment orders | 1 day | No cost |
| 3 | Pay taxes and fees for building transactions | 1 day | RMB 27,988.20 (Deed tax: 4% of trading price; stamp duty: 0.1% of trading price; transaction processing fee: 1.3% of trading price) |
| 4 | Validate building title certificate and sign the contract before the official witness | 10 days | No cost |
| 5 | Obtain payment order for registration of building title transfer | 1 day | No cost |
| 6 | Pay required fees | 1 day | RMB 7,774.50 (Registration fee: 1.5% of trading price) |
| 7 | Obtain new building title certificate | 1 day | No cost |
| 8 | Apply for registration of land title transfer | 30 days | RMB 120.00 |
| *9 | Cadastre survey and ownership investigation | 1 day (simultaneous with procedure 8) | No cost |
| 10 | Obtain new land title certificate | 1 day | No cost |
| * Takes place simultaneously with another procedure. | |||