Registering Property in Fuzhou, China
This topic examines the steps, time, and cost involved in registering property in Fuzhou.
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| Procedure | Time to complete: | Cost to complete: | |
|---|---|---|---|
| 1 | File application of building title registration for preliminary -examination | 7 days | No cost |
| 2 | Obtain payment order | 1 day | No cost |
| 3 | Pay taxes for real property transactions | 1 day | RMB 27,931.50 (Business tax and surcharges: 5.5% of appreciation on property value: deed tax: 3% of trading price; stamp duty: 0.1% of trading price) |
| 4 | Pay registration fees and obtain receipts | 1 day | RMB 10,221.05 (RMB10/m²) |
| 5 | Apply for building title certificate | 1 day | RMB 100.00 |
| 6 | Apply for land title certificate | 1 day | RMB 100.00 |
| 7 | Obtain new building and land title certificates | 25 days | No cost |