Land Transfer Requirements Png

Summary

For land transfer in Papua New Guinea, you need the original title deed, a completed transfer form, a land valuation, and payment of stamp duty. Consent from the Lands Department may be required, and registration with the Department of Lands and Physical Planning is necessary. Ministerial approval is often needed for customary land, large transactions, or foreign ownership.

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give me a comprehensive one
For a comprehensive overview of the land transfer process in Papua New Guinea, follow these steps:
*. Title Deed:
- Ensure you have the original land title deed.
*. Transfer Form:
- Fill out the land transfer form accurately.
*. Valuation:
- Hire a certified valuer to assess the land's value.
*. Stamp Duty:
- Calculate and pay the required stamp duty to the Internal Revenue Commission.
*. Consent:
- Obtain necessary consent from the Lands Department, if applicable.
*. Registration:
- Submit all documents and register the transfer with the Department of Lands and Physical Planning.
Would you like more detailed information on any particular step?
what about ministrial approval ?
In Papua New Guinea, obtaining ministerial approval is often required for land transfers involving customary land or significant land dealings. Here are some points:
- Customary Land: Ministerial approval is required for transactions involving customary land.
- Large Transactions: Land transfers over a certain size or value may also need ministerial approval.
- Foreign Ownership: Transactions involving non-citizens typically require ministerial consent.
Do you need information on how to obtain ministerial approval?