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This topic examines the steps, time, and cost involved in registering a 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. In addition, the topic measures the quality of the land administration system in each economy. The quality of land administration index has five dimensions: reliability of infrastructure, transparency of information, geographic coverage, land dispute resolution, and equal access to property rights.
Preregistration procedures (for example, checking for liens, notarizing sales agreement, paying property transfer taxes)
Preregistration procedures (for example, checking for liens, notarizing sales agreement, paying property transfer taxes)
Registration procedures in the economy's largest business city.
Registration procedures in the economy's largest business city.
Postregistration procedures (for example, filling title with municipality)
Postregistration procedures (for example, filling title with municipality)
Does not include time spent gathering information
Does not include time spent gathering information
Each procedure starts on a separate day - though procedures that can be fully completed online are an exception to this rule
Each procedure starts on a separate day - though procedures that can be fully completed online are an exception to this rule
Procedure is considered completed once final document is received
Procedure is considered completed once final document is received
No prior contact with officials
No prior contact with officials
Official costs only (such as administrative fees, duties and taxes).
Official costs only (such as administrative fees, duties and taxes).
Value Added Tax, Capital Gains Tax and illicit payments are excluded
Value Added Tax, Capital Gains Tax and illicit payments are excluded
Reliability of infrastructure index (0-8)
Reliability of infrastructure index (0-8)
Transparency of information index (0–6)
Transparency of information index (0–6)
Geographic coverage index (0–8)
Geographic coverage index (0–8)
Land dispute resolution index (0–8)
Land dispute resolution index (0–8)
Equal access to property rights index (-2–0)
Equal access to property rights index (-2–0)
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