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	<title>transferring your lot title &#8211; CBU ASIA DESIGN BUILD CONSULTANTS CEBU</title>
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	<title>transferring your lot title &#8211; CBU ASIA DESIGN BUILD CONSULTANTS CEBU</title>
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		<title>Transferring the title of your newly purchased lot to your name</title>
		<link>https://finefinish.cbu.asia/transferring-the-title-of-your-newly-purchased-lot-to-your-name/</link>
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		<pubDate>Sat, 30 Nov 2019 15:30:14 +0000</pubDate>
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		<category><![CDATA[transferring your lot title]]></category>
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					<description><![CDATA[You just bought a new lot now you need to transfer this from the seller to your name so it won&#8217;t be difficult for you to sell it in the future &#8211; or distribute to your heirs. The process of transferring the title to your name is not easy &#8211; it is long but not &#8230; </p><p><a class="more-link btn" href="https://finefinish.cbu.asia/transferring-the-title-of-your-newly-purchased-lot-to-your-name/">Continue reading</a>]]></description>
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<p class="wp-block-paragraph">You just bought a new lot now you need to transfer this from the seller to your name so it won&#8217;t be difficult for you to sell it in the future &#8211; or distribute to your heirs.</p>



<p class="wp-block-paragraph">The process of transferring the title to your name is not easy &#8211; it is long but not very difficult &#8211; it just takes time, a lot of it, and a lot of patience too &#8211; not to mention you will have to pay a very long list of fees &#8211; add that to the cost of transportation, follow ups, and coming back and forth to the concerned offices &#8211; it could almost cost the same or sometimes even more than the cost of the purchased land &#8211; if the land is cheap &#8211; purchased in the rural areas.</p>



<p class="wp-block-paragraph">Here is a sample summary of fees for a specific lot: </p>



<ol class="wp-block-list"><li>BIR (Bureau of Internal Revenue) Payments and processing &#8211; 80,000</li><li>DAR (Department of Agrarian Reform) Processing (clearances and fees) &#8211; 20,000</li><li>DENR (Department of Environment and Natural Resources) Subdivision approval &#8211; 40,000</li><li>LGU (Local Government Unit) Subdivision approval &#8211; 10,000</li><li>Register of deeds titling &#8211; 40,000</li><li>Transfer of Tax declaration &#8211; 10,000</li></ol>



<p class="wp-block-paragraph">Here are the usual steps you need to take and requirements you need to submit:</p>



<p class="wp-block-paragraph">I. BIR Processing: Complete the following requirements:</p>



<ol class="wp-block-list"><li>Certified copy of title.</li><li>Certified copy of tax declaration.</li><li>Tax clearance</li><li>Certification of no improvements</li><li>Sketch plan</li><li>Valid ID of seller and buyer (photocopy only)</li><li>Tax identification number of buyer and seller</li><li>Payments of capital gain tax and documentary stamp</li><li>Deed of sale</li><li>Official or acknowledgement receipt of payments</li></ol>



<p class="wp-block-paragraph">II. Subdivision approval: at DENR and Bureau of Lands:</p>



<ol class="wp-block-list"><li>Preparation of subdivision plan for submission to DENR</li><li>Certified copy of tax declaration</li><li>Certified copy of title</li><li>Deed of sale</li></ol>



<p class="wp-block-paragraph">III. LGU Subdivision approval: requirements</p>



<ol class="wp-block-list"><li>Two sets of the site development plan</li><li>Two sets of the vicinity map</li><li>Two sets of the survey plan</li><li>Topographic plan</li><li>Two sets of the certified copy of title</li><li>Zoning certification from your local Municipal planning and development Coordinator (MPDC)</li><li>Deed of sale</li></ol>



<p class="wp-block-paragraph">IV. DAR Clearance: Requirements</p>



<ol class="wp-block-list"><li>Deed of sale</li><li>Tax declaration</li><li>Title</li><li>Affidavit of transferee</li><li>Affidavit of transferor</li><li>Certification of land holding seller</li><li>Certification of land holding buyer</li><li>Inspection from a DAR employee</li></ol>



<p class="wp-block-paragraph">V. Processing of transfer of title at the Registry of Deeds:</p>



<ol class="wp-block-list"><li>Approved subdivision plan</li><li>Certification authorizing registration (CAR)</li><li>Deed of sale</li><li>Tax declaration</li><li> Transfer tax</li><li>Tax clearance</li><li>Original owner&#8217;s copy of title</li></ol>



<p class="wp-block-paragraph">VI. Transfer of new tax declaration to new owner</p>



<ol class="wp-block-list"><li>Copy of title</li><li>BIR certification authorizing registration (BIR CAR)</li><li>Deed of sale</li><li>Transfer tax</li></ol>



<p class="wp-block-paragraph">VII. Processing of Estate Tax if Any: Consult a lawyer or experienced Accountant or any BIR respresentative</p>
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