Tapu Title Deed

If you are buying or selling property in Turkey, you will need to be familiar with the process of obtaining a title deed (tapu). A title deed is an official document that proves ownership of a property and is necessary for any property transaction in Turkey. Here is everything you need to know about title deeds in Turkey.

What is a Title Deed?

A title deed, or tapu in Turkish, is a legal document that shows ownership of a property. It contains information such as the location and size of the property, the name of the owner, and any liens or encumbrances on the property. It is similar to a land registry in other countries.

The Process of Obtaining a Title Deed

The process of obtaining a title deed in Turkey can be lengthy and complicated. Here are the steps you need to follow:

Find a property: You will first need to find a property that you wish to purchase.

Conduct a title deed search: Before purchasing a property, it’s important to conduct a title deed search to ensure that the property is free of any liens or encumbrances. This can be done at the Tapu ve Kadastro Genel Müdürlüğü (General Directorate of Land Registry and Cadastre).

Sign a purchase agreement: Once you have found a property and completed the title deed search, you will need to sign a purchase agreement with the seller.

Pay the title deed fee and taxes: You will need to pay a title deed fee and taxes at the Tapu ve Kadastro Genel Müdürlüğü before you can receive the title deed.

Obtain the title deed: Once you have paid the fees and taxes, you will receive the title deed from the Tapu ve Kadastro Genel Müdürlüğü.

Title Deed Tax Rate

When obtaining a title deed in Turkey, you will also be required to pay a title deed tax. The title deed tax rate is determined by the government and is currently set at 4% of the property’s declared value. It’s important to note that the declared value may not be the same as the actual sale price, as the government has the right to assess the value of the property independently.

In Conclusion

Obtaining a title deed is an important step in any property transaction in Turkey. The process can be complicated, but by following the necessary steps and working with a reputable real estate agent or lawyer, you can ensure that the process goes smoothly. It’s also important to be aware of the title deed tax rate and to budget for this additional expense. For all your real estate needs in Istanbul, Estates Istanbul is here to help with their expert knowledge and experience in the market.