Legal experts advocate reduction of title registration cost
PROPERTY law experts yesterday urged the Lagos State Government to reduce the cost of registering land and other property documentation so that more people can easily obtain their titles.
According to them, the high fees charged by the state discourage people from registering their property, with the government losing more money that it makes.
They made the call at a workshop on the Lagos State Lands Registration Law 2015 organised by the Department of Private and Property Law, Faculty of Law, University of Lagos (UNILAG).
A former Federal Commissioner of Works, Alhaji Femi Okunnu (SAN); former Lagos Commissioner for the Environment Dr Muiz Banire (SAN) and Dr Abiola Sanni of the Department of Commercial and Industrial Law, UNILAG said if possible, title registration should be free.
Okunnu said fees charged at the Land Registry should be minimal so that people can afford to register their properties.
“The excessive fees charged by Lagos State Government deters people from registering their documents,” he said.
Banire said if the cost is reduced, more people will register their titles and the government will earn more money.
“The government seems myopic. If you lower the amount chargeable, the turnover will even be higher than what they’re getting now,” he said.
Sanni believes registration should be very low, of free if possible, because land registration ideally should not be a primary means of making generating revenue.
said: “Ideally the purpose of registration is not mainly to generate revenue but for management/regulatory purposes, while the essence of taxation is revenue generation.”
A former Lagos Attorney-General, Mr. Olasupo Shasore (SAN) urged the state to deploy necessary human and material resources to ensure proper functioning of the land registry and land information management system.