Guernsey could be set to develop its own Land Registry to increase oversight of the Tax on Real Property (TRP) system introduced in January 2008. The proposal, forwarded by the Treasury and Resources Department, if approved, is expected to greatly enhance the quality of property data held by the Department.
The development of the TRP system concentrated on establishing accurate building dimensions, with all properties measured using the same methodology, to allow fair calculations of tax chargeable. The Department has also recognized the importance of achieving definitive land records and has recommended second phase work to develop the Cadastre Register to improve the accuracy of the island’s land records.
A Land Registry would be an official record of land ownership plotted accurately on the States of Guernsey Digital Map, as opposed to the current Registry of Deeds held at the Greffe, which is simply an official record of all transactions in land, with no requirement for accurate plotting of land boundaries.
It is envisaged that with added mapping data, the Cadastre Register would form the basis of a future Land Registry.
The proposed review into the establishment of a Land Registry would include research into suitable models, identifying legislative requirements, and finance and resources for the project. The work is expected to be considerable and take a number of years to complete. There will be consultation with all interested parties.
Treasury and Resources Deputy Minister Jack Honeybill said: “The introduction of a Land Registry in Guernsey will bring immediate benefits, such as providing accurate identification, measurement and categorization of land parcels and boundaries.”
“There could also be overarching benefits of simplifying the conveyancing process, reducing the cost of property transactions, and generating additional revenue for the States [of Guernsey].”
The proposal will be considered by the States of Guernsey at the end of September.
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