In
today’s blog post, we answer all your questions about getting a title deed in
Turkey. Let’s begin.
What is a Turkish Title Deed or TAPU?
A Turkish title deed or TAPU is a crucial document that holds all the information regarding property ownership. Furthermore, it includes the owner’s information and of the property.
The
title deed is registered by the Tapu ve Kadastro Genel Müdürlüğü (TKGM)
or the TAPU and Cadastre General Directorate.
Understanding the comprehensive details
included in the Turkish title deed is crucial for every property owner.
Ideally, collaborating with a lawyer is recommended to facilitate the
acquisition of the title deed, conduct necessary checks, and ensure a hassle-free
process.
In this regard, our company has a dedicated
in-house legal team ready to assist you. We also provide exceptional property
investment services for citizenship, specifically designed to cater to our
foreign clientele, ensuring a seamless and efficient process.
What are the different categories of Title
Deeds in Turkey?
The Turkish title deed features two categories, depending on the type of property:
Blue TAPU
This particular type of title deed is designed
with a focus on land title and shared ownership, providing specific details
outlined below:
• Land Ownership: Titles related to
land are exclusive to the specified land and do not extend to any other
dwellings.
• Shared Ownership: In cases where the
TAPU includes multiple dwellings, it specifies the percentage of ownership you
hold in the entire property. A shared ownership title deed also adds complexity
to securing mortgages for property owners.
Red TAPU
The red TAPU signifies a freehold title, denoting exclusive ownership of the property. In contrast to the previously mentioned type, the red TAPU also specifies the individual property unit. Holders of a red TAPU have the eligibility to secure a mortgage. This freehold title can fall under either "kat irtifaki" or "kat mulkiyeti," encompassing both residential and commercial properties. The form includes a checkbox indicating the property's category.
Kat Irtifaki:
"Kat irtifaki" translates to "construction servitude," indicating that property development is still in progress, and it involves the allocation of units within the development.
Kat Mulkiyeti:
After the development phase concludes, local municipal authorities conduct property inspections. Subsequently, an occupation license, commonly known as Iskan, is issued, transforming the title into either a "kat mulkiyeti" or a full title deed. Possessing a "kat mulkiyeti" grants owners the ability to arrange for the installation and full connection of utilities for the property.
How to verify your TAPU OF Turkish title deed?
You have the option to confirm the clearance of your title deed by reviewing the information on any charges or mortgages associated with it. While the property buyer can undertake these checks personally, it's also possible for a lawyer appointed by the buyer to perform these verifications through a power of attorney.
What documents are required for transferring
the title deed?
You
will need the following:
1.
Buyer's Potential Tax Number (Vergi Numarası)
2.
A translated and photocopied passport.
3.
Appraisal report (Seller must obtain this report and submit it
online to the Tapu Office system; no physical submission required).
4.
Seller’s ID card or Passport
5.
If a lawyer is receiving the title deed, an original Power of
Attorney (POA) will be necessary.
6.
Statement of identity information form (to be filled with the
buyer’s details).
7.
Currency purchase documents and payment receipts. While payment
receipts are only necessary for citizenship cases, currency purchase documents
are required for all foreign buyers. The sales price on the title deed will be
determined based on this document.
What are the steps for getting a Title Deed in
Turkey?
1. Schedule an appointment at the local title deed office, bringing
the necessary documents along with your ID card and passport. Upon
confirmation, you'll receive a message detailing the appointment date, time,
and the applicable tax amount.
2.
Both parties involved must agree on a declaration value for the
transaction to determine the stamp duty, with the buyer usually covering this
cost.
3.
Pay the stamp duty through a wire transfer.
4.
The seller proceeds to sign the title deed.
5.
Following the seller's signature, the buyer then signs the title
deed.
6. Ultimately, the buyer is issued a title deed under their name, completing the transaction.
How much is the cost of obtaining a Title Deed
or TAPU in Turkey?
When
engaging in a Turkish real estate transaction, it's crucial to consider the
associated title deed costs. The title deed transfer fee, also known as the
stamp duty tax, amounts to 4% of the total purchase cost and is typically borne
by the buyer upon the completion of a title deed exchange. Alternatively,
parties involved can mutually agree to split this fee, with each party
contributing 2%.
Title Deed terminologies you should know.
İli
- Province
İlçe
- District
Mahalle
- Neighbourhood
Köy
- Village
Sokağı
- Street
Mevkii
- Location
Ada
- Plot
Yüzölçümü
- Area size
Bağımsız
Bölüm - Independent section
Arsa
Payı - Land share
Giriş
- Entrance
Kat
No - Floor Number
Fotoğraf
- Photograph
Niteliği
- Description
Sahibi
- owner
Edinme Sebebi - Reason for purchase
Turkish Citizenship by Property Investment
Turkish citizenship is attainable through a minimum
investment of USD 400,000 in one or more properties. Upon purchasing a Turkish
property and initiating the Turkish citizenship application process, a
specified amount is levied on the title deed. This imposition serves to limit
the transfer and sale of the property for a duration of three years.
We have a team of legal and property sales experts ready to assist you in getting your title deed. So contact us today without delay!
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