The Land Registry and Cadastre Directorate answered the question “What are the documents required for the grant transaction at the Land Registry and what is the financial aspect of the transaction?”
Documents required by the Land Registry Directorate for donation (grant) transactions:
Identity document (belonging to the parties and their representatives, if any)
If there is representation in the transaction, a representation document (Power of attorney, guardian decision, authorization document)
Property tax value (According to the provisions of the Property Tax Law No. 1319, the property tax values determined each year must be sent electronically and completely to the land registry offices before January 1 of each year).
Compulsory earthquake insurance for real estate qualified as a building
Financial aspect of the transaction:
A title deed fee of 68.31 per thousand based on the declared value of the donation, provided that it is not lower than the declared value of the property, is collected from the person accepting the donation.
In the first transaction to be made after the grant transaction, the grant affiliation of the real estate will be sought.
In addition, the Revolving Fund Fee is collected in accordance with the Tariff Schedule No. I annexed to the Revolving Fund Operation Law No. 6083 of the General Directorate of Land Registry and Cadastre.
