Armenia

Registering Property in

Armenia

Listed below is a detailed summary of the steps, time and cost involved in registering property, assuming a standardized case of an entrepreneur who wants to purchase land and a building that is already registered and free of title dispute.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in June 2011.

  • Standard Property Transfer

  • Property Value: AMD 56,970,401.44
  • City: Yerevan

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No. Procedure Time to Complete Associated Costs
1 Seller obtains a special reference on restrictions on the property at the State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC)

The seller has to obtain information about the encumbrances and other restrictions (mortgage, easement, etc.) on the real property which should be provided to the notary. In this regard, the seller has to apply to the local office of the SCRPC to obtain the appropriate reference, which is valid within 15 days of the issuing (Order # 20-K, as of 16.01.1998.

For public and industrial property of more than 200 sq. meters located in Yerevan, the fee to obtain the encumbrance certificate is as follows per the Order No 99- N. 23 Apr. 2009 of the Chairman of SCRPC and Order No 452-N, 18 May 2009 of the Ministry of Finance, registered by the Ministry of Justice on 22 May 2009, Reg. no. 32209222, came into force 11.06.2009

up to 100 sq.m. AMD10.000
from 100 sq.m to 200 sq.m. AMD 15.000
from 200 sq.m. to 500 sq.m. AMD 20.000
from 500 sq.m. to 1000 sq.m. AMD 25.000
from 1000 sq.m. to 5000 sq.m. AMD 30.000
from 5000 sq.m. to 10000 sq.m. AMD 65.000
more than 10000 [including 10000] sq.m. AMD 80.000

The documentation shall include:
Application (in the established form)

Agency: State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC) 		2 days According to new few schedule
2 Payment of stamp duty and notarization of sale-purchase agreement by public notary

Previously, stamp duty for notarization was paid to the respective settlement account at a commercial bank – however, it is now possible to pay this stamp duty directly at the notary office. According to the legislation, the sale-purchase agreement is subject to notarization.

The notary explains to the parties the point and significance of the contract, and checks whether the provisions of the contract comply with the intention of the parties and whether it does not contradict the law. Along with the status of the property rights and the absence of prohibition, the notary checks the authority of the representatives and legal entities of the contract parties and notarizes the agreement.

In order to get the agreement notarized the seller must provide evidence of his title to the property, i.e. the registration certificate and the reference information mentioned in Procedure 1.
There is no legal requirement for the agreement to be prepared by a lawyer. Accordingly, the parties are free to prepare the agreement themselves.

The documentation for notarization of sale-purchase agreement shall include:
Sale-purchase agreement
Registration certificate (in possession of the seller)
Reference on restrictions (Obtained in Procedure 1)
Corporate documents of the parties, i.e. charters, foundation agreements, powers of attorney

 1 day AMD 5,000 (Stamp duty for Notarization) + AMD 15,000 – 20,000 (Notary’s fees)
3 The local office of the SCRPC registers the title and provides a registration certificate to the new owner

According to the legislation, within 30 days of the notarization of the sale and purchase contract the buyer shall apply to the SCRPC for the state registration of the transfer of title.

SCRPC inspects the authenticity of the presented documents, including verification through the database, surveys building and land, makes a decision about registration, registers in the registry and issues a certificate of title registration to the new owner.

The measurement works are done only in the cases when the first time registration is done and there is a change in the property layout after issuing new certificate of ownership.

According to the law the ownership right arises only after the registration has been completed.
Stamp duty in this case equals AMD 40,000. For the dwelling space, as well as for the property of public and industrial use less than 200 square meters, the stamp duty is AMD 20,000.
Stamp duty for registration can be paid in Procedure 3 to the respective settlement account at a commercial bank.
All other payments shall be made at the local office of SCRPC.

The cost of the measurement works is AMD 3 per square meter of land and AMD 20 per square meter of buildings and constructions. For the property described in the case study the measurement works cost (for the expedited procedure) AMD 836.1 for 92.9 square meters of land (the measurement works are done only for the land plot not covered by the building) and AMD 55,740 for 929 square meters for the building (warehouse).

For residential property, lands without constructions, as well as for the property of public and industrial use less than 200 sq. meters the accomplishment time is 4days.
Fee schedule for registration of property located in Yerevan
Up to 100 sq.m. AMD 30.000
From 100 sq.m. to 200 sq.m. AMD 50.000
From 200 sq.m. to 500 sq.m. AMD 60.000
From 500 sq.m. to 1000sq.m. AMD 70.000
From 1000 sq.m. to 5000 sq.m. AMD 80.000
From 5000 sq.m. to 10.000 sq.m AMD 150.000
More than 10.000 [including 10000] sq.m. AMD 160.000

Property transfers as a rule are subject to a 20% VAT, except if the parties are natural persons.

The documentation shall include:
Application (in the established form)
One copy of the notarized sale purchase agreement
Corporate documents of the new owner

At the same time, new time limits were introduced, abolishing the previous expedited procedures put in place to facilitate registration (procedure 1: 2 days; procedure 3: 4 days).
Those changes were made by the Order No 99- N. 23 Apr. 2009 of the Chairman of SCRPC and Order No 452-N, 18 May 2009 of the Ministry of Finance, registered by the Ministry of Justice on 22 May 2009, Reg. no. 32209222, came into force 11.06.2009.


Agency: State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC) 		4 days AMD 40,000 (Stamp duty for registration) + registration fee according to new fee schedule + AMD 1,000 (cost of cameral works) The costs of the cameral works are doubled to have the procedure done in 4 days, and tripled to have it done in only 2 days.
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