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A Step-By-Step Guide To Land Title Transferring in The Philippines (Infographic)
A Step-By-Step Guide To Land Title Transferring in The Philippines (Infographic)
(INFOGRAPHIC)
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Once you have completed your documentary requirements, these are the steps you
need to take.
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IV. At the Local Treasurer’s Office
Pay the Transfer Fee and to secure a copy of the Tax Clearance, which you will receive
after paying a certain fee for its issuance and once you’ve presented the following
documents:
• Original and one photocopy of the Deed of Absolute Sale
• Photocopy of the Tax Declaration
• Official Receipt of Payment of Real Property Tax and Special Education Fund Tax for
the current year
V. At the Registry of Deeds
To receive the new Owner’s Duplicate Copy of the TCT or CCT in your name, present
the following documents:
• Original Copy of the Deed of Absolute Sale stamped received by the BIR, plus three
photocopies
• Seller’s Owner’s Duplicate Copy of the TCT or CCT
• Original Copy of the CAR
• Original Copy of the Tax Clearance
• Original Copies of Official Receipts of Payments of CGT, DST, Tax Clearance
Certificate, and Transfer Fee
• Original Copies of the Current Tax Declaration for land and improvement issued by the
local assessor’s office
• If the seller or buyer is a corporation, submit the following requirements:
a. Secretary’s Certificate authorizing the sale of the real property
b. Certified True Copy of the Articles of Incorporation and By Laws of the seller or buyer
corporation
Pay the required Registration Fee. Once the registration fee has been paid and the
documents submitted, a new Owner’s Duplicate Copy of the TCT or CCT will be
released to you within 5 days.
VI. At the Local Assessor’s Office
For the issuance of the Tax Declaration in your name, submit the following documents:
• Photocopy of the Deed of Absolute Sale
• Photocopy of the TCT or the CCT
• Photocopy of the CAR
• Photocopy of the Transfer Tax Receipt
• Photocopy of the latest Tax Receipt or Tax Clearance
• Some local assessor’s offices, such as that of Makati City, require these additional
documents:
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a. Subdivision Plan, if lot is subdivided
b. Full-color photos of the house, lot, or condominium unit
Depending on the workload of Local Assessor’s office, it is possible to receive the Tax
Declaration on the same day as the application, or the following workday.
Final Advice
It will take a lot of patience to go through all these procedures. According to Lipana,
once you get the ball rolling, you can expect the process to take from 2.5 to 4 months,
and that depends on how many buyers are going through the process at the BIR and
the Register of Deeds.
“Hopefully, this will be shortened given the [Duterte] Administration’s policy to
streamline business processes and documentary requirements at various government
agencies to facilitate processing of transactions,” he expressed.
There’s no question that the whole experience is going to be tedious, but there are ways
to make it more bearable, starting with having everything in order before starting the
procedure.
“Make sure that all the documentary requirements in the checklist are complete before
filing the documents with the government agencies to avoid going back and forth. Also,
pay the transfer taxes on time to avoid penalties and delay in processing of the
documents,” Lipana advised.
Try to have more than the required number of photocopies for each document for
emergencies. To minimize hassles, bring several pens for signing documents, as well
as a calculator if you want to check the accuracy of payment computations.
Lipana adds the importance of securing official assessments at the BIR to make sure
you’re paying the correct taxes, as well as remitting payments at the right venue. Keep
in mind that you need to proceed to the government office’s local branch that has
jurisdiction over the area where your purchased property is located. The BIR has
a revenue district office (RDO) for every city or municipality in the Philippines, while
some cities have more than one RDO. Also, Assessors’ Offices are often located in an
area’s city or municipal hall.
OMI LAND TITLE SERVICES offers a wide range of land and property issues, including
title verification, lost titles, title transfer, extrajudicial settlement, and unpaid property
taxes. They have been in the industry for several years now and had served numerous
satisfied corporate clients and individual property owners. You may call them at (632)
884-1106 or visit their website at www.omilandtitle.com.