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It assumes a standardized
case of an entrepreneur who wants to purchase land and a building that is already registered and free of title dispute.
Time to
No. Procedure Complete Associated Costs
The buyer conducts the search against encumbrances and the PHP 209 - PHP 36 for the certification + PHP
seller obtains the true copy of the land title from the Register of 6 for each additional page (2 additional pages
1 Deeds (RD) 4 days needed) + PHP 160.97 IT fee.
realty taxes; (2) certified true copy of latest tax declarations for
each of the land and the warehouse; (3) photocopy of official
receipt for payment of real property tax for each of the land and
the warehouse for the immediately preceding year. Note: Separate
tax clearance for real property tax should be obtained for the land
and the warehouse
Pay documentary stamp tax and final capital gains tax for the
transfer of real property
Agency: Authorized Agent Bank (AAB)
The transfer tax must be paid at the CTO not later than 60 days
from the date of execution of the Deed of Absolute Sale or the
notarization date thereof, whichever is earlier. The documentation
shall include: a. Certificate Authorizing Registration from the
Bureau of Internal Revenue (obtained in Procedure 5); b. Tax
clearance certificate from the Treasurer’s Office of Quezon City
(obtained in Procedure 3); c. Official receipt of the Bureau of
Internal Revenue (for documentary stamp tax) (obtained in 0.75% of property price (transfer tax) + PHP
7 Procedure 4). 1 day 125 (certificate of payment)
The buyer applies for registration with the Register of Deeds. The
documentation shall include: a. Copy of deed of absolute sale; b.
Official receipt evidencing payment of transfer tax; c. Certificate
Authorizing Registration from the BIR (CAR) including official
receipts for payment of DST and CGT; d. Real property tax
clearance from the City Treasurer’s Office; e. Original copy of Registration fee consisting of PHP 8,796 for
owner's duplicate of TCT (in the name of the seller); f. Original first PHP 1.700,000 + PHP 90 for every PHP
or certified true copy of the latest tax declaration; g. Notarized 20,000 or fraction thereof in excess of PHP
secretary's certificate containing resolution of the board of 1.700,000 + PHP 199.56 legal research fee
directors of the seller approving the sale; h. Notarized secretary's (1% of the registration fee) + PHP 30 judicial
8 certificate containing resolution of the board of directors of the 10 days form fee + PHP 3,104.37 IT fee (PH
Time to
No. Procedure Complete Associated Costs
Obtain new tax declaration over the building and the land in
the name of buyer from CAO
Agency: Assessor’s Office - City Government
The buyer applies with the CAO for the issuance of a new tax
declaration over the building in his name. The documentation
shall include: a. Photocopy of notarized deed of sale; b. Copy of
latest tax declaration (in the name of seller); c. Tax clearance
certificate of real property taxes from the CTO; d. Certificate
authorizing registration from the BIR; e. Photocopy of official
receipt of transfer tax payment (original copy to be presented);
and f. The transfer certificate of title (TCT) issued by the RD (in
9 the name of the buyer). 2 days no cost
* Takes place simultaneously with another procedure.