Procedures for House Purchasing in Ningbo

  I. Documentation to be submitted for property certificate

  1) Copy of ID card of the applicant; 

  2) Institution purchaser need to submit the copy of legal qualification certificate of the legal person (Code certificate of the enterprises legal person or the business license) and the copy of the ID card of the legal person.;

  3) For entrusted case, the trustee must submit the original of the letter of authorization, the copy of the ID card of the principal and the copy of the ID card of the trustee; 

  4) Original contracts of house purchasing, and the original of the house purchase invoice;

  5) House ownership certificate;

  6) Property right registration application form;

  7) Other necessary documents and credentials

  Two copies required for each of the above documentation

  II. Documentation to be submitted for land certificate
    See the attached file:

Primary+Registration+of+Right+to+Use+Land+of+Ordinary+Commercial+Houses

  III. Documentation to be submitted for title deeds

  See the attached file:

Ordinary+Commerical+Housing  

  IV. Time Limit for Handling

  4 working days

  V. Taxes and dues 

  1. transfer commission (paid by the seller)

  ---Residential house: 3RMB/M2

  --- Non-residential house: 6 RMB/M2

  2. Stamp Tax (paid by the purchaser)

  ---0.05% of the transaction price 

  3. property rights registration fees (paid by the purchaser)

  --- Residential house: 80 RMB per set. For registration of common property rights, another 10 RMB is charged

        for the certificate. 

  --- Non-residential house:

  200 RMB for each transaction of a house with a building area below 500 M2

  300 RMB for each transaction of a house with a building area below 500-1000 M2

  500 RMB for each transaction of a house with a building area below 1000-2000 M2

  800 RMB for each transaction of a house with a building area below 2,000-5,000M2

  1000 RMB for each transaction of a house with a building area of over 5,000M2; another 10 RMB is charged for the certificate. 

  4. Contract tax (paid by the purchaser)

  ---Residential house: for ordinary house, 1.5% of the transaction price of the house; for non-ordinary house, 3.0% of the

    transaction price.  (If the house is purchased by an institution rather than an individual, the tax rate is 3%.)

  ---Non-residential house: 3% of the transaction price

  5. Land registration fees (for private property only, to be paid by the purchaser)

  ---Residential houses/garages: 33 RMB/Unit

  ---Non-residential houses: 120RMB per transaction.

  (The taxations and land registration fees above are only for reference, which are subject to explanations of the taxation and  land administrative departments.)