STANDARDIZED PROPERTY
Property value: 8,750,287
City: Djibouti Ville

Registration Requirements:

 
Procedure 1. Buyer and seller go to the notary with the title to draft the sale-purchase agreement
Time to complete: 1 day 
Cost to complete: 2% + 10% (for second transfer or thereafter) property value, + (40,000 F to 180,000 F (notary fees)) + 500 F per page (x 6, stamp duties)
Comment: The title file contains the following, and will already be in the possession of the seller: the title, the cadastral plan, the sale value, the names of the proprietors, and the surface area. It is obligatory that the notary draft the sale-purchase agreement. The transfer cost for a first time transfer of the property would be 2% + 7% property value.
Procedure 2. Notary checks for mortgages or liens on the property
Time to complete: 1 day
Cost to complete: DJF 1,500
Comment: This is conducted at the Service des Domaines.
Procedure 3. Notary proceeds to tax authorities to check status of the property and capital gains
Time to complete: 2 - 3 days
Cost to complete: none, but if there are capital gains to be paid, notary will collect them from the seller
Comment:  
Procedure 4. Parties return to the notary to sign the sale-purchase agreement
Time to complete: 1 day
Cost to complete: 2% property value (already paid in procedure 1)
Comment: At this point the buyer pays the seller a deposit. If there are capital gains to be paid the seller will pay them at a rate of 5%.
Procedure 5. Notary proceeds to the registry for registration and to attach stamps to the title
Time to complete: 2-3 days, or up to 1 month
Cost to complete: 10% property value (already paid in procedure 1) + 500 F per page (x 6, stamp duties already paid in procedure 1)
Comment: Sometimes this procedure can take up to 2 or 3 months.
Procedure 6. Notary goes to the Service des Domaines to change the name of the proprietor
Time to complete: 7 - 28 days
Cost to complete: Already paid in procedure 1
Comment: This procedure is a mere conversion, not a new act of registration and it will take place approximately 10 months after provisional registration. The procedure takes so long because there is a backlog and because all records are paper-based and all history of transactions relevant to the property must be checked every time.
Procedure 7. Notary returns to the Service des Domaines to pick up new title file
Time to complete: 1 day 
Cost to complete: none
Comment: The new title file contains the name change. Buyer remains in the possession of the new title file from here forward.
 
Note: Procedures sometimes take place simultaneously. Instances of this are marked with an asterisk (*).