Comoros

Registering Property in

Comoros

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: KMF 14,825,777.78
  • City: Moroni

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No. Procedure Time to Complete Associated Costs
1 Title search at the Service des Domaines

Parties should conduct a search of the title at the Service des Domaines to check the ownership and any encumbrances or liens.

Agency: Land Registry (Service des Domaines) 		3 - 4 days no cost
2 Buyer and his topographer visit the property to survey and see that the title description matches the property

This is not a mandatory procedure, but it is standard practice for buyers. Topographers are in high demand, which accounts for the delay. They are often hired from the Service des Domaines. During the survey, the topographer and buyer may also consult with the neighbors of the property to verify the owner and limits.

Agency: Topographer 		21 days approx. 40,000 FC
3 Draft and notarize the sale purchase agreement

This is not a mandatory procedure but it is standard practice. The contract can be written by anyone. The parties can write it themselves if they want but companies normally contract a lawyer to draft it. Official notary fee schedule is as follows:
20,000 KMF (pour transaction jusqu'à 400 000 KMF)
ou 5 % (transaction entre 400 001 et 3 000 0000 KMF)
ou 4 % (transaction entre 3 000 001 et 8 000 000 KMF)
ou 3 % (transaction entre 8 000 001 et 15 000 000 KMF)
ou 2 % (transaction entre 15 000 001 et 25 000 000 KMF)
ou 1 % (transaction supérieure à 25 000 000 KMF)

1 - 2 days 2% of the actual property value (legal fees)
4 Register the sale purchase agreement with the Service des Domaines

The Service des Domaines will record the transfer in their books and officially change the name on the existing title to that of the buyer.

Agency: Land Registry (Service des Domaines) 		1 day 8% transfer tax on the declared price + 33,000F registration fees + 500F per page stamp duty (4 pages)
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