Checklist of Documents required for Registration of Real Estate Properties I.

Transfer of the registration of the Title from name of Seller to the Buyer (Register of Deeds) 1. Owner's Duplicate of the Transfer Certificate of Title 2. Original Copy of the Deed of Absolute Sale, duly notarized; 3. Certificate Authorizing Registration (CAR) issued by BIR; The following Documents are required for the issuance of the CAR a.1. BIR form 1706, evidencing payment of the Capital Gains Tax, include the bank receipt where the payment was made (should be paid with 30 days from date the deed was notarized), if property is a capital asset; or a.2. BIR form 1606, evidencing payment of Creditable Withholding Tax if property sold is an ordinary asset; b. BIR Form 2000-OT, evidencing payment of the Documentary Stamp Tax, include bank receipt where the payment was made (should be paid on the 5th day after the the close of the month when the deed was notarized, i.e. if deed was notarized on July 31, DST should be paid on Aug 5, if it is notarized on Aug. 1, DST to be paid on Sept 5) c. Proof of payment of the Value Added Tax, if the property sold is an ordinary asset d. Tax Clearance issued by the City/Municipal Treasurer of the city/municipality where the property is located; Real Property Tax (RPT) should be updated. Thus, if transaction was made on August, RPT should be paid up to the 3rd Quarter. e. Certified true copy of the tax declaration for the Property; f.1 Certified true copy of the tax decalration for the improvements, or f.2 If there no improvements, Certificate of No Improvement issued by the City/Muncipal Assesor; 4. Transfer Tax paid before the City/Municipal Treasurer (should be paid within 60 days from the date the deed was notarized); 5. Duly Approved Subdivision Plan if property sold is a portion of another property 6. Duly Approved Consolidation Plan, if two or more adjacent properties were sold and buyer would only want one (1) Title for said properties. Additional Requirement if Buyer and/or Seller are Corporations 1. Secretary's Certfiicate of the Seller Corporation authorizing the sale of the property and designating an Authorized Representative to execute the appropriate deeds and other documents. 2. Secretary's Certificate of Buyer Corporation authorizing the purchase of the property and designating an Authorized Representive to execute the appropriate deed and other documents. 3. Latest Audited Financial Statement of Seller Corporation (This is sometimes required by the examiner to determine if the property sold is a capital asset or not) 4. Copy of the Articles of Incorporation and By-laws of the Seller and Buyer Additional Requirement if the property sold is an Agricultural Land 1. Clearance from the Department of Agrarian Reform The following documents are required for the clearance a. Affidavit of Landholdings of Buyer b. Affidavit of Landholding of the Seller c. Affidavit of Non-Tenancy issued by the Seller d. Barangay Agrarian Reform Certificate II. Transfer of the Name of the Tax Declaration to the name of the Buyer 1. All Documents submitted to the RD and the BIR 2. New Transfer Certificate of Title in the name of the Buyer