Real Estate

What are the title deed and other costs for transferring property in Turkey?

Those who want to invest in land and land pay certain expenses in the deed for the transfer transactions. So, how much title deed fees will those who buy land and land pay in 2021?

How much is the title deed costs for 2021? The calculation process of the residence, workplace, land deed fee is investigated by the citizens who will buy real estate. According to the news in Takvim, this information, which is closely related to citizens who buy and sell houses, is important.

So, how much is the title deed fee in the purchase and sale transactions of housing, workplace or land? Does the buyer or seller pay for this fee?

HOW TO CALCULATE THE 2021 TITLE DEED FEE?

In real estate transfer transactions, the fee should be higher than the real estate tax. While the title deed fee is calculated, the real estate fee is calculated over the transfer and acquisition price specified to the land registry office. The deed cost is an expense paid by both parties (both buyer and seller). By calculating 20 per thousand (2%) of the declared sales value of the transferred property, title deed costs are collected from both the buyer and the seller separately, ie 40 per thousand in total. For example; In the sale of a house that is declared as ₺100 thousand, the seller pays ₺2 thousand and the buyer pays ₺2 thousand.

HOW TO CALCULATE LAND DEED COST?

In land transfer and acquisition transactions, it is paid separately from the buyer and seller at the rate of 20 per thousand (2%) of the land sales value, as in housing and workplaces. For example, in the sale of a land of ₺100 thousand, the seller pays ₺2 thousand and the buyer’s title deed fee is ₺2 thousand.

WHAT ARE THE DEED TRANSFER COSTS?

While real estate transfer transactions are carried out, the highest amount of cost is the 2021 transfer fee. So how is the transfer fee amount that both buyer and seller have to pay separately? A transfer fee of 2% of the real estate sales value declared by the seller to the land registry office is charged. In addition to the title deed costs, a revolving fund fee is also paid in transfer transactions.

HOW MUCH IS THE 2021 TITLE DEED FEE? WHO PAYS FOR IT?

The fees that both the buyer and the seller have to pay to the state in the sale of real estate (land, residence, office, land, etc.) are known as title deed fees.

So how is the title deed fee calculated? The title deed fee or title deed fee is calculated as 4% of the value declared in the land registry office of the real estate sold.

The answer to the question of where to pay the real estate title deed fee to be transferred or to be transferred; Title deed fees are paid to the tax office to which the transferred property is affiliated. Or it can be paid through the banks with which the title deed office has an agreement.

Source: Emlakkulisi / Translated by Irem Yildiz

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