PROCEDURES/STEPS NEEDED IN TRANSFERRING OF TITLE
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STEP 1 : DEED OF ABSOLUTE SALE/DEED OF PARTITION/EXTRA JUDICIAL
SETTLEMENT/DONATION
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- 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
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STEP 2 : CITY ASSESSOR'S OFFICE
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- 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.
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STEP 3 : CITY TREASURER'S OFFICE
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- 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 )
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STEP 4 : BUREAU OF INTERNAL REVENUE ( B.I.R )
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- 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
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STEP 5 : REGISTER OF DEEDS
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- 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
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STEP 6 : CITY ASSESSOR'S OFFICE
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- 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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