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This indicator calculates the cost required for a business to register property expressed as a percentage of the property value, assuming a property value of 50 times income per capita. The cost includes fees, transfer taxes, stamp duties, and any other payment to the property registry, notaries, public agencies or lawyers. Information is provided by local property lawyers, notaries, and property registries.
Source: World Bank, Doing Business Project (http://www.doingbusiness.org/ExploreTopics/RegisteringProperty).