Thursday, May 12, 2016
Make sure to keep your property safe and secure by registering your title with the local Registry of Deeds.1. Check your Registry of DeedsMake sure that there are no encumbrances or annotations on your subject property. In case there is, it would be better to settle the issue before proceeding.2. Prepare all related documentsThis includes the appropriate Deed Document, as the case may be, a tax clearance certificate from the Land Tax Division of the City Treasurer’s Office, a copy of the latest tax declaration, and other pertinent documents from the City Assessor’s Office.3. Pay Documentary Stamp Tax (DST)DST is 1.5% based on the selling price of fair market value of the property in question, whichever is higher.4. Obtain Certificate from BIRThis important document is required before actual registration may be performed by the Registry of Deeds.5. Pay Transfer TaxTransfer tax must be paid with the City Treasurer’s Office within 60 days from the date of the deed or its notarization thereof.6. Register with your local Register of Deeds (RD)After those processes mentioned above, the Register of Deeds may finally record and register title over one’s property.