3.18.2010

How to Transfer Certificate of Title after buying a property in Metro Manila,Philippines

How to Transfer Certificate of Title after buying a property in Metro Manila,Philippines: "

If someone wants to buy a lot, his first notion was to get a real estate broker to do all the processing. But if the buyer has ample time, with just a few knowledge and some resourcefulness, he can surely do all the processing without having to throw-off some extra bucks for service charges.

Here are the few easy steps to transferring your newly acquired lot under your name:

Summary of requirements

1. Preparation of the deed of sale and ratification by notary public. 2. Obtain a certified true copy of latest tax declaration from the Assessor’s Office of the city where the lot is located. 3.Payment of Documentary Stamp Tax and Capital Gains Tax at an authorized bank. 4. Obtain tax clearance (or Certificate Authorizing Registration(CAR)) from the Bureau of Internal Revenue 5. Obtain a tax clearance certificate of Real Estate Taxes from the Treasurer’s Office of the city where the lot is located. 6. Payment of transfer tax at the Treasurer’s Office of the city where the lot is located. 7. A..."

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