checklist for the Transfer of TCT

Cherrie Burbon, Moanna Concepcion

Jane Lambojon to: 12/09/2010 05:04 PM
Barrios, Cecilia Nadala, Foriel Franco
This message is digitally signed.

Che! eto na yung sinasabi ko sa iyo. tulad nung nabanggit ko sa iyo, normally ang ginagawa ng
seller, aside from the DoAS with the original selling price, ang pinapanotarize nyang DoAS, yun
mas may mababang selling price ang nakalagay, para mas mababa rin ang mga babayaran na
gov't taxes.

@yeng and ces, paki-double check kung tama or/and may kulang pa dyan

Transfer of Title.xlsx

How to Transfer? Here's how....

( http://www.ehow.com/how_6676667_transfer-title-philippines.html )

When transferring a title (Transfer Certificate of Title or TCT) from the former owner’s name to yours, you
need at least one month of going to a number of government offices and doing errands.

In order to process the transfer, you need the following documents: certified true copy of the title; notarized
copies of the Deed of Sale; latest tax declaration of the property; certificate from the Bureau of Internal
Revenue (BIR) that the documentary stamps and capital gains tax have been paid; and official receipt of
payment of the transfer tax and registration fees.

Instructions
1. 1

Register the Deed of Absolute Sale with the local office of the Registry of Deeds
(RD) managing the jurisdiction of your property’s location. The Deed of Sale is a
document showing legal transfer of real property ownership. This is officially
recorded at the RD after paying the documentary stamp, transfer tax and
registration fees.

Request for a certified true copy of the seller's title to make sure that the title is
clean and there are no legal issues to be concerned of prior to the transfer of the
title to your name. This also avoids the hassle of having to pay a seller without
 assurance that the property you’re buying can really be legally yours.

2. 2
Go to the BIR Regional District Office (RDO) that manages your property's location.
Fill up the forms and pay the applicable taxes including the documentary stamps
and the capital gains taxes. Ideally, the documentary stamps and capital gains
taxes must be paid on or before the 10th day of the month following the notarization
of the Deed of Sale. If you go beyond this schedule, expect some penalties and
surcharges.

The seller pays the capital gains tax and any unpaid real estate taxes due (if any).
The buyer pays the cost of registration including the documentary stamps tax,
transfer tax and registration fees. While these are the standard sharing of expenses
practiced in the Philippines, buyers and sellers may have their own mutual
agreement on how to share the expenses.
3. 3
Get the Certificate Authorizing Registration (CAR). This document authorizes the RD
office to effect the transfer of title to your name.
4. 4

Go to the City or Municipal Assessor's Office. Ask for a certified true copy of the
latest Tax Declaration for the property. This document is needed for the RD’s
assessment of your Transfer Fees.

5. 5

Pay the Transfer Fees at the City/Municipal Government office. After which, you
need to go back to the RD to show your Official Receipts and the CAR. Upon
acceptance of these requirements, there is a turnaround time of about two weeks to
one month for the new title to be issued under your name. The RD shall give you
the Owner's Duplicate of Title of your new TCT.

or in other words, get somebody who will do all these for you hahahaha...

Thanks and Best Regards,

Jane P. Lambojon

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