How To Get Turkish Title Deed | Get Your Turkish Title Deed (TAPU)
You probably know important information such as how to get a Turkish Title Deed and what it does. We can say that a title deed is one of the most important things buying a house in Turkey. Because the TAPU (title deed) certificate is a document including the data and owner of the property. It is issued by the General Directorate of Land Registry and Cadastre. It verifies that the property belongs to you. It is important to have information about the title deed of the property you want to buy.
The title deed process is significant for home buyers. Thus, it will be important for you to know how to get it. You can get support from your counsel or power of attorney. Because if you purchase a property based on a standard such as obtaining Turkish citizenship by investment, the details will be important. You need to act in accordance with standards.
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Turkish Title Deed (TAPU) in Brief
The official paper showing the owner of immovable property is called TAPU. It is issued by the General Directorate of Land Registry and Cadastre. The official document is given only to the owner of the property. This document is not given to people who have rights other than property (such as mortgage buyers). A red type of title deed is given for properties (flats) other than fields, land, gardens and plots. If more than one person is a shareholder of the immovable property, a title deed document showing all shareholders or giving each partner individually is given.
Turkish Types of Title Deeds
There are 2 types of title deeds in Turkey;
• BLUE TITLE DEED
• RED TITLE DEED
Why Are There 2 Different Colors for Title Deeds in Turkey?
Blue and Red Title Deeds are given for different reasons and purposes. It is very important for understanding property ownership right. Limitation situations such as the presence of any mortgage on the Blue Deed are not specified.
What is a Blue Title Deed?
It is a type of deed that refers to land deeds and common ownership.
– Land Ownership: If the title deed is blue framed, the property is a land. It refers that it has not passed into anyone’s ownership.
– Shared Ownership
What is a Red Title Deed?
Red Deed which is issued for residential or commercial properties refers to individual ownership. It is an important document that indicates whether it is a mortgage or not. In the document given, it is stated that there is a mortgage on the property. Also, the property right is shown on the TAPU document.
– Construction Servitude: Indicates whether there is a property right to on the land. Construction Servitude which is a type of title deed is prepared to indicate the rightful owners of a property and construction that has not yet been completed. It is the title deed document issued before the property ownership.
It refers that the Construction Project has been approved.
– Condominium: It is a legal definition that shows how you get your flat. If the title deed is a condominium type, the real estate does not have a legal housing problem. You can understand that the construction is completed in accordance with the legal laws.
It ensures that the property (apartment or commercial property) you purchase is constructed in accordance with the project.
– Shared Deed: If a property has a shared title, its value is low. It is the official document that shows the numbers and names of the shareholders. The shares of the shareholders in this document are not determined for the total area. It is not clear to whom it belongs.
Check Your Property Deeds!
If you are going to buy a property in Turkey, you should consult your lawyer or trustworthy sales consultant for a TAPU certificate. This situation is within the scope of the necessary controls during the steps of buying a house. It is important to look at the TAPU permission. The person who will buy the property should be checked by their counselor or lawyer to see if the property is in litigation or whether there is a mortgage.
Steps of Getting Title Deed (TAPU) in Turkey
Step 1: Who will pay the title deed fee must be determined
Step 2: An application must be made to the municipality and the property tax must be paid
Step 3: An appointment must be taken after applying to the General Directorate of Land Registry.
Step 4: The fee must be paid
Step 5: Buyers and sellers must go to the Land Registry at the appointed time
What are the required documents for Deed Transactions?
You have learned the stages of how to get the title deed. You have to prepare the required documents. You applied to the General Directorate of Land Registry and Cadastre which is connected to the region where you purchased the property. You must complete the required documents on the purchase of the real property. You can also get more information from your counselor.
What are Title Deed fees / costs?
The title deed fees or costs are calculated over the sales price declared in the title deed of the properties sold. It is calculated as 4% of the sales price. This fee is collected by adding the revolving fund amount to be added according to the 2021 regulation. The revolving fund price is ₺ 428, 125 in 2021.
How is the Turkish Title Deed transfer cost calculated?
The Title Deed Fee varies depending on the real estate price. The real estate price is negotiated by the buyer or seller. It is paid in equal amounts by the buyer and seller. It is calculated over the real estate price declared to the Revenue Administration.
How is the Deed fee calculated?
The Turkish Title deed fee is calculated over the real estate purchase and sale amount. During the purchase of a property in Turkey, you must pay for some transactions. Deed fees are included in some of the costs that both the seller and the buyer pays. It is calculated as 4% of the cost declared in the Land Registry office. It is calculated by adding the revolving fund price to this amount for the year 2021.
Who pays the Turkish Title Deed fee?
Both the buyer and the seller pay Turkish Title Deed fee. The parties equally pay half for the deed fee. So 2% is charged from the buyer and 2% from the seller.