STANDARDIZED PROPERTY
Property value: 10,387,423
City: Ouagadougou

Registration Requirements:

 
Procedure 1. Request evaluation of the property (investment) by a Land Appraiser
Time to complete: 1 day
Cost to complete: No cost 
Comment:  
Procedure 2. Organize evaluation of the property (investment) by a Land Appraiser
Time to complete: 14 days
Cost to complete: FCFA 7,200
Comment:  
Procedure 3. Register the evaluation or land appraisal at the Land Registry
Time to complete: 7 days
Cost to complete: FCFA 6,200
Comment:  
Procedure 4. Issue request for permission to transfer the property from the local municipality (préfet ou maire)
Time to complete: 45 days
Cost to complete: FCFA 600
Comment: Transfer and registration can only proceed after the permission is granted.
The documentation shall include:
- original property title
- minutes of the evaluation (procès-verbal)
- tax payment receipts for the past 3 years of both seller and buyer
- notarized photocopy of proof of identity or company statutes
- demarcation plan of the property (4 copies)
- Etat des droits reels
Procedure 5. Obtain legalization of deed (signatures) at police station 
Time to complete: 1 day
Cost to complete: FCFA 1,500
Comment: After obtaining the approval of the transfer from the municipality, both parties sign the deed and have the signatures legalized at the police. 
Procedure 6. Submit the transfer documents to the Ministry of Finance for government approval
Time to complete: 14 days
Cost to complete: No cost
Comment:  
Procedure 7. Pay fees for acceptance decree publication after government approval 
Time to complete: 1 day
Cost to complete: 1.05% of the purchase price
Comment: Balance due at the local Municipality
Procedure 8. Register the deeds and pay the transfer tax at the Registry
Time to complete: 24 days
Cost to complete: 15% of purchase price
Comment:  
 
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).