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PROCEDURES/STEPS NEEDED IN TRANSFERRING OF TITLE

STEP 1 : DEED OF ABSOLUTE SALE/DEED OF PARTITION/EXTRA JUDICIAL SETTLEMENT/DONATION
- Must be presented to the B.I.R Re: Capital Gain Tax - within 30days from the
  date of notarial

: Documentary Stamps- on or before the 5th day of succeeding month from the
  date of notarial
STEP 2 : CITY ASSESSOR'S OFFICE
- SECURE THE FOLLOWING DOCUMENTS :

1. Certified True Copy of Tax Declaration ( House and Lot )

2. Certificate of No Improvement ( If there is no building/house)

        2 Original Copies- 1 BIR and 1 for R.D.
STEP 3 : CITY TREASURER'S OFFICE
- SECURE AND PAY THE FOLLOWING DOCUMENTS :

1. Tax Clearance

2. Transfer Fee ( Present Original Deed of Sale/Donation, etc. and Tax Declaration
   (1/2 of 1% of Sale or Market Value of Tax Declaration whichever is higher )

STEP 4 : BUREAU OF INTERNAL REVENUE ( B.I.R )
- PRESENT THE FOLLOWING DOCUMENTS

1. Certified Xerox Copy of Title

2. Deed of Sale ( Original Copy + 2 Xerox Copy )

3. Certified True Copy of Tax Declaration ( House and Lot )

4. Certificate of No Improvement (If there is no building/house)

- SECURE AND PAY THE FOLLOWING :

1. Capital Gains Tax and Documentary Stamps ( 6% Capital Gains Tax for
    individual seller or 7.5% for corporation and 1.5% Doc Stamps - based on
    Selling Price, Market Value of Tax Declaration or Zonal Value whichever is
    higher)

2. Certificate of Registration
STEP 5 : REGISTER OF DEEDS
- PRESENT THE FOLLOWING DOCUMENTS :

1. Owners Copy of Title

2. Deed of Absolute Sale, Extra Judicial Settlement, Donation, etc. ( 3copies)

3. Tax Clearance

4. Transfer Fee Receipt

5. Certificate of Registration - B.I.R

6. Certified True Copy of Tax Declaration

7. Certificate of No Improvement

- PAY THE NECESSARY FEES REQUIRED FOR TRANSFERRING OF TITLE
STEP 6 : CITY ASSESSOR'S OFFICE
- PRESENT THE FOLLOWING DOCUMENTS :

1. Certified Xerox Copy of New Title

2. Deed of Sale, Extra Judicial Settlement, donation, etc. (Xerox)

3. Copy of Approved Subdivision Plan;

4. Latest Tax Receipt

5. Transfer Fee Receipt

6. Transfer of Declaration Fee

7. Certificate of Registration from B.I.R

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