Grenada

Registering Property in

Grenada

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: XCD 754,729.64
  • City: St. George's

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No. Procedure Time to Complete Associated Costs
* 1 Lawyer prepares title deed

The purchaser’s lawyer prepares the title deed and ensures that all rates and taxes are paid by the vendor. Water rates are paid to the National Water and Sewerage Authority, and property tax and property transfer tax are paid by the vendor to the Department of Inland Revenue, Ministry of Finance. The purchaser pays lawyer’s fees at this point.

 5 days (simultaneous with procedures 2, 3, and 4) 1–2% property value
* 2 Title search at the Deeds & Land Registry

The lawyer conducts searches on the vendor’s title deed for the last 10 years, in addition to previous owners, going back as far as 60 years. The lawyer also searches the wills under the previous owner and any judgments against the property for the last 12 years.
The search will provide information on parties, the land and if the property has any mortgages or liens.

Agency: Deeds & Land Registry 		5 days (simultaneous with procedures 1, 3, and 4) EC $.60 cents per hour.
* 3 Obtain tax clearance from Inland Revenue



Agency: Inland Revenue Office 		1-2 days (simultaneous with procedures 1, 2, and 4) no cost
* 4 Obtain clearance from National Water and Sewage Authority

The lawyer sends a written request to the National Water and Sewage Authority in order to obtain clearance that all water rates and taxes have been paid. It can take about 2 weeks in order to receive clearance from the National Water and Sewage Authority.

Agency: National Water and Sewage Authority 		up to 14 days (simultaneous with procedures 1, 2, and 3) no cost
5 Payment of transfer fee at Inland Revenue



Agency: Inland Revenue Office 		1 day 5% (property value minus $20000, exempted)
6 Execution of the deed at the lawyer’s office

The deed is executed in the presence of the lawyer and the cheque is exchanged for the deed. All previous deeds relating to the land, all papers (including insurance policy), and all keys are delivered to the purchaser.
1 day (lawyer’s fees paid in procedure 1)
7 Payment of Stamp Duty at the Deeds & Land Registry



Agency: Deeds & Land Registry 		1 day 1% of property value
8 Registration of the deed in the Deeds & Land Registry

The deed is collected by the purchaser’s lawyer after registration and processing.

Documentation required:
- Original deed
- New deed (with stamps from procedure 7)
- Proof of payment of all taxes and rates relating to the property
- History of title

Agency: Deeds & Land Registry 		30 days EC $5 (registration fee)
* Takes place simultaneously with another procedure.
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