Sri Lanka to speed up to property registration
Mar 05, 2019 10:38 AM GMT+0530 | 0 Comment(s)
ECONOMYNEXT – Sri Lanka will simplify and speed up the process of property registration, aiming to improve it five days by the end of 2019, said P.M.P. Udayakantha, surveyor general of the Survey Department.
The time taken to register property used to take 51 days but was brought down to 39 days and will be further reduced to 20 days, he said.
“By the end of 2019, we aim to bring down the nine steps in the process to three steps and time to five days,” he told a forum on reforms to improve Sri Lanka’s ranking in the World Bank’s Ease of Doing Business Index held by the Ministry of Development Strategies and International Trade.
Udayakantha, who heads the task force on registering property, said they were now focusing on online services to people, so that people will be able to get things done without coming to the survey department or municipal offices.
Sri Lanka was head of South Asia in the time taken to register property, with the average in the region being 114 days, but behind developed countries where the average was 20 days.
“New Zealand is number one where you can do property registration in one day,” Udayakantha said.
(COLOMBO, March 05, 2019-SB)