| DB 2016 DTF (% points) | 87.29 | DB 2015 DTF (% points) | 87.27 | Change in DTF (% points) |
 0.02
|
|---|
The ease with which businesses can secure rights to property is shown below. Included are the number of steps, time, and cost involved in registering property.
| DB 2016 Rank | 14 | DB 2015 Rank | 14 | Change in Rank | 0 |
|---|
| DB 2016 DTF (% points) | 87.29 | DB 2015 DTF (% points) | 87.27 | Change in DTF (% points) |
0.02
|
|---|
| Indicator | Armenia | Europe & Central Asia | OECD |
|---|---|---|---|
|
The total number of procedures legally required to register property. A procedure is defined as any interaction of the buyer or the seller, their agents (if an agent is legally or in practice required) or the property with external parties. Procedures (number) |
3.0 | 5.4 | 4.7 |
|
The total number of days required to register property. The measure captures the median duration that property lawyers, notaries or registry officials indicate is necessary to complete a procedure. Time (days) |
7.0 | 22.0 | 21.8 |
|
Cost is recorded as a percentage of the property value, assumed to be equivalent to 50 times income per capita. Only official costs required by law are recorded. Cost (% of property value) |
0.2 | 2.6 | 4.2 |
|
The quality of land administration index has four dimensions: reliability of infrastructure, transparency of information, geographic coverage and land dispute resolution. Quality of the land administration index (0-30) |
21.0 | 19.4 | 22.7 |
| No. | Procedure | Time to Complete | Associated Costs |
|---|---|---|---|
| 1 | Seller obtains a special reference on restrictions on the property at the State Committee of the Real Property Cadastre of the Republic of Armenia (SCRPC) | 3 working days (regular procedure) and 2 working days (expedited procedure) | AMD 10,000 (regular procedure) and AMD 20,000 (expedited procedure) |
| 2 | Payment of stamp duty and notarization of sale-purchase agreement by public notary | 1 day | AMD 5,000 (Stamp duty for Notarization) + AMD 10,000 – 20,000 (Notary’s fees) |
| 3 | The local office of the SCRPC registers the title and provides a registration certificate to the new owner | 4 working days (regular procedure), 3 working days (expedited procedure), and2 working days (super fast procedure) | AMD 40,000 (State duty for registration) + AMD 25,000 (Registration fee; regular procedure); AMD 40,000 (State duty for registration) + AMD 50,000 (expedited procedure ); AMD 40,000 (State duty for registration) + AMD 75,000 (super fast in 2 working days) |