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| Procedure | Time to complete: | Cost to complete: | |
|---|---|---|---|
| 1 | Map the lot at the land planning and mapping office in the district | 3 days | RMB 100.00 |
| 2 | Pay land transaction processing fee | 1 day | RMB 4,877.25 (1.5% of base price of the land) |
| 3 | Pay required taxes | 1 day | RMB 16,467.00 (Deed tax: 1.5% of trading price for buildings of less than 140 m²; 3% of trading price for buildings of more than 140 m²; business tax and surcharges: 5.5% of appreciation on property value) |
| 4 | Submit application documents for registration of building title transfer | 20 days | No cost |
| 5 | Obtain payment notice | 1 day | No cost |
| 6 | Pay required fees | 1 day | RMB 22,016.00 (Building mapping fee: RMB0.2-1.5/m² ; land and building title certification copy fee: RMB20; registration fee: 2% of trading price; transaction processing fee: 2% of trading price; land ownership investigation fee: RMB50) |
| 7 | Obtain new property title certificate | 1 day | No cost |