Stamp Duty Calculator Nigeria — Property, Receipts & More
Calculate Stamp Duty on Nigerian property transfers, receipts, lease agreements, and other instruments. Includes registration fees and total costs.
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Registration Fee (est.)
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Effective Rate
Stamp Duty Computation
| Item | Amount |
|---|
Standard Stamp Duty Rates
| Instrument | Rate |
|---|---|
| Deed of Assignment (Property) | 1.5% of value |
| Receipt | ₦50 per ₦1,000 (5%) |
| Lease (up to 7 years) | 0.78% of annual rent |
| Lease (7–21 years) | 3% of annual rent |
| Lease (over 21 years) | 6% of annual rent |
| Memorandum of Understanding | Fixed ₦500 |
| Share Allotment / Transfer | 1.5% of value |
Stamp Duty on Property Transactions in Nigeria
For property purchases, total government charges typically include: Stamp Duty (1.5%), Governor's Consent fee (varies by state, typically 3–8%), Survey fee, Legal fees, and Land Registration. In Lagos, the total government charges can reach 10–15% of property value — budget accordingly.
Frequently Asked Questions
What is Stamp Duty in Nigeria?
Stamp Duty is a tax on legal instruments (documents) in Nigeria, administered by FIRS. It must be paid before an instrument can be admitted as evidence in court or used for legal purposes. Common instruments include deeds of assignment, memoranda of understanding, receipts, and lease agreements.
What is the stamp duty on property transfers in Nigeria?
Property transfers (deeds of assignment) attract ad valorem stamp duty, meaning the duty is proportional to the property value. The rate is typically 1.5% of the higher of the consideration paid or the market value of the property. State governments may charge additional consent fees.
What is stamp duty on receipts?
Under the Stamp Duties Act, receipts for payment of money of ₦1,000 or more attract a stamp duty of ₦50 per ₦1,000 (i.e., 5%). However, banking transactions have specific exemptions and the rate on electronic receipts has been the subject of regulatory changes.
Is stamp duty on lease agreements based on rent?
Yes. Stamp duty on lease agreements is calculated on the total rent payable over the lease term: leases up to 7 years pay 0.78% of annual rent; leases 7–21 years pay 3% of annual rent; leases over 21 years pay 6% of annual rent.
Who pays stamp duty — the buyer or seller?
By convention in Nigeria, stamp duty on property transfers is usually paid by the buyer/transferee. However, this is negotiable and may be split. The legal obligation rests with whoever receives the benefit of the instrument.