Timeline for Registration of New Transfer Certificate of Title Under (name)

November
Step by Step 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 1 2 3
Signing of Deed of Absolute Sale
Notarization of Deed of Absolute Sale
Computation of CGT and Doc Stamp Tax by the BIR
Get Manager's Check from the bank for the tax dues
Payment of Taxes to BIR Authorized Bank
Present payment proof to BIR and process C.A.R.
Release of C.A.R.
Pay/process Transfer Tax in the City Treasurer's Office
Pay registration fee to Registry of Deeds
Start process for the new Transfer Certificate of Title
Follow up date and continuation of processing
Release of new title from Registry of Deeds
Payment of Assoc Dues for 2018
Retrieve Certified True Copy of Title from RD
File a copy of the new Title in the city assesor's office
Filing of Tax Declaratuon and Payment of RPT
week 1 week 2 week3 week 4 week 5 we
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32

ACCOMPLISHED
PENDING
Deed of Absolute Sale (DOAS) - a written agreement between two parties agreeing on a sale and purchase of a property. It stipulates all that the seller is giving up all his rights to the property to

Notarization of DOAS - a DOAS should be signed and sworn into in the presence of a lawyer who is also licensed to notarize a document, with 2 other witnesses

Capital Gains Tax (CGT) - taxes imposed on the sale of capital assets. It is a tax on any gain presumed to be realized on the sale
Documentary Stamp Tax - taxes imposed on legal documents

Transfer Tax - Tax imposed on transfering ownership to a new owner

Certificate Authorizing Registration (C.A.R.) - a document issued by the BIR which is required by the Registry of Deeds as proof that tax obligations from a sale of a property has been fulfilled

Registration Fee - paid to the Registry of Deeds to register a property under the new owners' name/s and produce a new Transfer Certificate of Title or TCT
 December January
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week 6 week 7 week 8 week 9 week 10 week 11

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hts to the property to the new owner

y has been fulfilled