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Title deed in Turkey and its types 2022

14/01/2022 Tax & Legal 545 Title deed in Turkey and its types 2022

1 What is the current importance of real estate investment in Turkey?

• With the resurgence of tourism activities in Turkey and the rise in rents to a record high in recent months, there is a strong emphasis on purchasing properties.
• The pace of real estate sales will remain high for some time. Last year, transactions in the real estate registration totaled 18 billion, 150 million, and 286,000 TL, according to statistics released by the General Directorate of Land Registry.
• In comparison to 2019, the sum given for properties sold in the property department grew by 29% last year.

2 What is the title deed known in Turkey as (Tabu)?

It is a stamped legal document issued directly by Turkey's Tapu Department (Land Registry Department) that certifies a person's ownership right to a building constructed on the land or a portion of it. In the legal sector, it is regarded legitimate unless a violation is demonstrated. This title deed provides all of the property's details. There are many types of real estate title deeds, depending on the color of the bond and its contents.

3 What are the types of title deeds in Turkey based on their color?

1- The blue tabu denotes that the property is undeveloped land, or that development on the site has recently commenced.
2- The red tabu indicates that independent portions of the project have been approved after the property's development has been completed.

4 What information does the title deed contain?

Pafta no: The number of a plot within a group of adjacent plots.
Ada no: Island number (a group of adjacent plots surrounded by streets or the like on all sides).
Parsel no: The number of full plots with building permits in the municipality.
Niteliği: Characterization and description of the property
Yüzölçümü: The entire property or project's land area.

5 What is the information related to the property's nature and characteristics?

Kat mülkiyeti: indicates whether the project has a ready housing permit.
Kat irtifakı: separate unit ownership such as an apartment, an office, and so on. (The project is under construction or does not have housing yet). Devre mülk: a year-round or temporary joint venture ownership.

With the recovery of tourism activities in Turkey and with the rise in rents to hit a record in the recent months, there has been a great interest in purchasing apartments in Turkey. With the arrival of September, the sales intensity of real estate in Turkey will continue for some time. According to the data announced, last year, by the General Directorate of Land and Real estate Registry;18 billion, 150 million, and 286 thousand Turkish liras have been traded in the land and real estate registry directorates. The amount provided for properties sold last year in the title deed increased by 29% compared to 2019 and amounted to 501 billion, 975 million, 732 thousand, and 74 TL.

People who want to possess a property in Turkey must be fully aware of the process of transferring the title deed (known in Turkey as Tapu) when they go to the General Directorate of Land Registry.

The title deed in Turkey that is known as Tapu

It is an official document sealed with the state seal issued directly by the Title Deed Department in Turkey (Tapu Department) showing the ownership right of the person listed in the document of the building built on the land or part of it. There is a title deed for each property. All information about the property is included in this title deed document. There are different types of real estate title deeds, depending on the color of the bond and its contents.

Let's get acquainted with the types of title deeds in Turkey by color:

  • Blue title deed: which symbolizes that the property is a land, or that there is no building on it yet, or that the construction of the building has just begun. Below is the picture of the blue title deed in the new version.

 

 

  • Red title deed: It indicates that after the completion of the construction of the property, there are independent departments approved in the project. Title deeds in red are awarded to properties whose condominiums have been seized

 

Types of Title deeds by Contents:

In order to understand the types of title deeds according to the property information mentioned in the documents, we must acquaint this information.

Contents of the title deed (Tabu):

  • Information related to the address of property:

(İli) city or state.

(İlçesi) province or region.

(Mahallesi) neighborhood.

  • Information related to the type of property:

(Pafta no) Plot number inside a group of adjacent plots.

(Ada no) The block number (a group of adjacent plots surrounded by streets or the like on all sides.)

(Parsel no) The number of the building’s full record including the status of reconstruction in the municipality.

(Niteliği) The property description and characterization.

(Yüzölçümü) The total land area of ​​the real estate or project.

  • Information related to the nature of the property and its characteristics:

(Kat mülkiyeti) This indicates whether the project has a ready housing permit.

(Kat irtifakı) Possession of a separate unit such as an apartment, an office, and so on... (the project is under construction or does not have a housing permit yet).

(Devre mülk) Possession of a year-round temporary or joint venture.

 

In addition to a code placed in the lower-left corner of the title deed sheet that helps the owner to follow the property information on the link https://parselsorgu.tkgm.gov.tr/#ara/id/28521407/4221266/589008696

 

Documents required to complete the procedures for transferring the ownership in the Turkish Title Deed Department:

Since a home with missing documents cannot be bought or sold, documents must have been prepared in advance. Here is the list of documents required when transferring the ownership of a residential apartment:

The process of transferring the title deed takes place in the Turkish Title Deed Department or (Tapu Dairisi). Applications are accepted on weekdays until noon. The buyer does not have to be present at the title deed office while placing the order; Yet, He must be present when receiving his title deed.

The documents required to transfer the title deed are as follows:

  • Two recent photographs of the buyer.
  • The buyer's original passport and a translated copy (in the event that the buyer is not in Turkey, the agent will act on his behalf, and he must present original power of attorney document).
  • Tax number of the buyer.
  • The current title deed (that the seller has).
  • Identity statement.
  • Evaluation report (requested from foreigners and called Ekspertiz Raporu).
  • The ID of the seller.

 

Sources: sabah + emlaksat

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