by Desh Nautilus Ltd Let’s be real.
You’ve seen the signs.
“Land for Sale in Lekki, Just ₦5 Million.”
Your heart jumped. Your calculator jumped.
And then your lawyer said, “That’s just the surface.”
Welcome to Lagos real estate: where the listed price is just the teaser, not the full movie.
If you’re budgeting to buy, you need to understand the real property cost in Lagos. Not just the land price… but the hidden fees, the titles, the agency commissions, and yes, the part they never put on the flyer.
At Desh Nautilus, we don’t just sell homes, we secure your peace of mind. So, let’s break it all down for you.
🧾 Property Cost in Lagos – The Real Breakdown
Here’s what you’re really paying for when you decide to buy property in Lagos:
1. 📍 The Land Price Itself (Aka The “See Finish” Price)
This is the amount advertised on banners, online listings, and WhatsApp status posts.
But as we always say: the price is what you see… the cost is what you carry.
Land in prime areas like Lekki Scheme II can range from ₦100M to ₦250M, depending on title, location, proximity to development, and seller expectations.
✅ Tip: Always ask if the price includes documentation.
2. 📜 Title Documentation (AKA Your Ticket to Sleep Well at Night)
The type of title attached to a property directly affects the property cost in Lagos. Here’s how they break down:
- Excision – Often cheaper, but may need further processing
- Gazette – More reliable, but not as final as C of O
- Certificate of Occupancy (C of O) – The big guy. Expect the price to go up once this is attached
- Governor’s Consent – Required when property is being transferred after C of O
💡 Hidden Cost Alert: Processing C of O or Governor’s Consent can cost you an additional ₦500K to ₦5M, depending on location and who’s doing the paperwork.
3. 💼 Agency Fee (Don’t Skip the Middleman Math)
Ah, the agent.
They found you the property, negotiated for you, possibly arranged inspection. But their service is not free. Expect to pay:
- 5% to 10% of the property value as agency commission.
You bought land for ₦20M? That’s another ₦1M–₦2M for agency. Budget for it.
4. 🔐 Legal Fee (Because Land Disputes in Lagos Aren’t Romantic)
A lawyer will:
- Check ownership
- Verify documents
- Draft and register Deeds of Assignment
Expect to pay 5% of the property cost, sometimes more. But trust us, it’s better than being featured in a “fake land” Twitter thread.
5. 🛠 Survey Plan, Taxes, Miscellaneous Fees
- Survey Plan: ₦300K – ₦1M depending on location
- Development Levy / Estate Dues: Variable
- Registration Fees, Stamp Duty, Capital Gains Tax: Especially if buying developed property or reselling
These are the quiet fees that don’t shout until you’re knee-deep in commitment.
🧠 Total Estimated Property Cost in Lagos
Here’s a working example:
| Item | Estimated Cost (₦) |
| Land (Lekki Scheme II) | 25,000,000 |
| C of O Processing | 2,000,000 |
| Agency Fee (5%) | 1,250,000 |
| Legal Fee (5%) | 1,250,000 |
| Survey Plan | 500,000 |
| Miscellaneous | 500,000 |
| Estimated Total | ₦30,500,000 |
So yes, the property cost in Lagos is often 20%–35% higher than the asking price.
🤝 The Desh Nautilus Way – We Tell You Before You Buy
We believe buying land shouldn’t feel like decoding a mystery novel.
That’s why at Desh Nautilus, we always:
✅ Show you full breakdowns before you commit
✅ Verify titles before we even list the property
✅ Walk you through every kobo with our team of lawyers, agents, and surveyors
Whether it’s Platinum Square or any other property, we prioritize transparency.
Because you’re not just buying land… you’re buying peace.
🏁 Final Word: Don’t Just Ask for Price, Ask for Truth
The smartest buyers are the ones who ask:
“What’s the full cost, not just the price?”
You deserve to know.
And we’re here to make sure you do.
💼 Ready to Buy with Confidence?
Talk to Desh Nautilus today.
We’ll help you own your future, one smart decision at a time.
📞 +2349028316625
📧 deshnautilusltd@gmail.com
📍 Lekki Peninsula II
More than homes. We build hope, one foundation at a time.
