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Residential field in Ergates community of Nicosia district. It is situated at a distance approximately 620 m southwest of the community center and Agia Paraskevi church and approximately 125 meters west from Archbishop Makariou III Avenue.It has a rectangular shape and an even surface. It abuts a registered road on Tamassou Street along its southern border, with a face of about 22 meters.The property falls within Residential Zone H3 for 58% with a building factor of 60% and in Zone H4 for the rest of the field, with a building factor of 40%. The asset does not qualify for the 50% reduction of property transfer fees imposed or levied by the Department of Lands and Surveys (Fees and Charges) Law (Cap.219).
Stamp duties is tax paid by property purchasers to the land registry when the property sales agreement is registered with the land registry. Transfer fees paid by property purchasers to the land registry when the title deed of the property is transferred to their name.
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