Construction
Certificate. This takes 7 days at no charge.
7 Receive permanent electricity connection 35
days EC$150.00.
8 Obtain Water and Sewage Connection. In
St. George’s, most buildings connect to the
sewerage system. Outside of St. George’s, septic
tanks are used. This should take 7 days at a cost
of EC$120.00.
9 Obtain Fixed Telephone Line Takes 7 days at a
cost of EC$250.00.
REGISTERING PROPERTY IN GRENADA STANDARDIZE
PROPERTY VALUE: 221,000.00
CITY: St. George’s
STEPS, TIME, AND COST INVOLVED IN REGISTERING
PROPERTY IN GRENADA
1 Lawyer prepares title deed, which should
take 5 days (simultaneous with procedures 2,
3, and 4)at a cost of 1–2% property value. 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.
2 Title search at the Deeds & Land Registry 5
days (simultaneous with procedures 1, 3, and
4) at a cost of EC$200.00 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.
3 Obtain tax clearance from Inland Revenue 1-2
days (simultaneous with procedures 1, 2, and 4)
no cost.
4 Obtain clearance from National Water and
Sewage Authority up to 14 days (simultaneous
72
72
with procedures 1, 2, and 3) no cost. 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.
5 Payment of transfer fee at Inland Revenue
1 day 5% (property value minus $20000,
exempted).
6 Execution of the deed at the lawyer’s office 1
day (lawyer’s fees paid in procedure 1)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.
7 Payment of Stamp Duty at the Deeds & Land
Registry 1 day at 1% of property value.
8 Registration of the deed in the Deeds & Land
Registry 60 days EC$5 (registration fee).
THE DEED IS COLLECTED BY THE PURCHASERíS
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
FROM $90.00 TO $105.00 PER SQ FT.
• Standard roofing using bitumen shingles or
pre-coated metal roofing.
• Built by an established small builder
working from his office (usually himself a
tradesman), following an informal
approach. Contracts should be established
by exchange of letters.
FROM $105.00 TO $125.00 PER SQ FT.
• Using quality metal roofing, concrete or clay
roofing tiles.
• Built by a professional builder, using
subcontractors on a direct labour basis
following a formal invitation to tender.
FACTORS THAT WILL REDUCE COSTS
• Use of inexpensive roof covering & cost
effective wall materials
• Truss rafters roof with spans of between
24 and 28 inches & Care taken that any
special design features are arranged in the
most economical way
• Building on a level site
• Building using strip or pad foundations and
level floors
FACTORS THAT WIL INCREASE COSTS
• Expensive fixtures and fittings
National Average Construction Costs Listed
below are the national average costs for
single and two storey homes built on single
sites by individual clients, on straight forward
foundations, including fixtures and fittings
appropriate to the size of the property. • Roofing materials other than galvanised
sheeting
FROM $80.00 TO $90.00 PER SQ FT.
ALL COSTS STATED IN US$ • Special foundation arrangements.
• Basic roofing using zinc galvanized sheeting.
• Built by a reputable small builder working
from home following an invitation to tender.
www.businessgrenada.com
www.businessgrenada.com
• Natural stone or hand made brick walling
• Building other than on level sites
• Complex designs which increase the area of
external walls and complex roof shapes
• Inbuilt concrete water storage tanks
• Deviating from the plan can often have a
negative and pricey knock on effect on cost
of labour and re-planning. BG