Many first-time land investors in Lagos believe the cost of land is just the purchase price but that’s only the beginning.
If you don’t plan ahead for hidden fees, you may face unexpected expenses that affect your investment returns.
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🔑 1. Land Purchase Price
This is the advertised cost of the plot itself. Prices vary by location, title, and estate development.
📌 Example: A 500sqm in Ibeju-Lekki may sell for ₦25M–₦40M depending on the title (C of O, Gazette, Excision).
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🔑 2. Documentation Fees
Survey Plan (₦200k–₦500k depending on location).
Deed of Assignment (₦150k–₦500k).
Land Registry Fees for official registration.
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🔑 3. Governor’s Consent / Title Perfection
If you’re buying from an existing owner with C of O, you’ll need Governor’s Consent to secure legal ownership.
📌 Budget: 5%–10% of land value.
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🔑 4. Development Levy
Some estates charge infrastructure fees to cover roads, drainage, electricity, and security.
📌 Example: ₦1M–₦5M depending on estate size and facilities.
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🔑 5. Survey Demarcation & Beacon Fees
Surveyors may charge to place beacons and mark boundaries.
📌 Average: ₦100k–₦250k.
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🔑 6. Agency & Legal Fees
If you’re buying through an agent or consultant, expect 5%–10% agency commission.
Always budget for a real estate lawyer to review documents.
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📌 The Bottom Line
When buying land in Lagos, always budget an extra 10%–20% of the purchase price for hidden fees.
This ensures you are not caught off guard and that your land remains secure, documented, and valuable.
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🚀 Investor Tip
Buying in estates with C of O (Certificate of Occupancy) already perfected like Tiara Estate Phase 1 saves you a lot of stress and hidden costs.
📍 Location: Facing Lekki International Airport
🧾 Title: C of O
📏 Size: 500sqm
💰 Price: ₦35M
Initial Deposit: ₦6M
# Lekki Haviation Town: Price N39,999,999, C of O
# Tiara Estate Phase 2: Price: N26M, initial deposit N4MILLION
4 Bedroom Duplex Carcass at Amen Estate Phase 3
Location: Lekki epe expressway
500 SQM- N125/ legals 5%
650 SQM - N140M/Legals: 5%
Intial deposit: N10MILLION
📞 Call/WhatsApp: +2348082952354
(Mr. Ilori Kolawole Samuel)
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👉 A wise investor doesn’t just ask “How much is the land?” but also “What are the hidden costs?”
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