The title deed is the most important document that officially shows who owns a real estate. So what is a title deed document? In short, it can be defined as the official document documenting the ownership right of a house, land or workplace. This is actually the most critical point in the real estate buying and selling process. Because the purchase process is completed by transferring the title deed to the new owner. This document shows the ownership, but also includes important information such as the location of the real estate, its nature and shareholding status, if any.
The title deed is of great importance in preventing possible disputes and preventing loss of rights. Especially if you are buying a property for investment purposes, having the entire process officially recorded will reassure you. Since title deed transactions in Turkey are carried out under state guarantee, every transaction is recorded and can be tracked through the system. This makes the process more transparent and secure for both the buyer and the seller.
What is the Use of Title Deed?
The title deed is the most important document that officially documents your ownership right on a real estate and secures you legally. At this point, a frequently asked question is What is the official deed in the land registry? The question actually explains the function of this document. The title deed proves that the real estate you own belongs to you and is considered the strongest basis in possible disputes.
However, it is actively used in all transactions such as sale, transfer, inheritance or mortgage. For example, when selling a house or taking out a loan from the bank, the entire process proceeds through title deed records. Similarly, when you rent a property or want to put a mortgage on it, the title deed is used as the main reference.
What are the Types of Title Deeds?
Title deeds are divided into different types according to the nature of the real estate and its purpose of use. This distinction allows you to understand whether the property you own is land, housing or an unfinished project. The prominent varieties are:
- Condominium Title Deed: Defined as one of the safest title deed types, condominium title deed is issued for buildings whose occupancy has been obtained and whose independent sections have been completed. It shows that areas such as flats and offices clearly belong to you.
- Floor Altitude Deed: It is the type of title deed given for projects whose construction has not yet been completed or whose occupancy has not been received. It refers to the independent sections to be built on the land in the future. When the project is completed, it must be converted into a condominium.
- Share Deed (Joint Deed): It is regulated in cases where a real estate belongs to more than one person. Although each shareholder's share is certain, a certain part of the real estate is not reserved specifically for each individual.
- Land Deed: It is issued for immovable properties that do not have a building on them or are registered as land in the title deed, even if there is a building. It is frequently preferred in purchases for investment purposes.
- Field Deed: It is the type of title deed given for agricultural lands. It differs from the land title deed in terms of zoning status and purpose of use.
What are the documents required to obtain a title deed?
Although the documents required to obtain a title deed may vary depending on the transaction to be performed and the status of the parties, they basically consist of official documents regarding identity and real estate. Especially in buying and selling transactions, both the buyer and the seller are required to prepare certain documents completely. We can list the required documents as follows:
- T.R. ID card or identity card
- Title deed information or existing title deed document
- Compulsory earthquake insurance (DASK)
- Fair price certificate
- passport photo
- Power of attorney (when necessary)
- bank receipt
Step by Step Process of Obtaining a Title Deed
In order for the process of obtaining a title deed to proceed smoothly, it is important for both the buyer and seller to be prepared and follow the transactions carefully.
- First of all, you need to prepare the title deed information and necessary documents for the real estate.
- Then, you must apply to the land registry office and make an appointment.
- It is important to check the current value of the property and review the records.
- In the next step, you must pay the title deed fee and revolving fund fees.
- You must be present at the land registry office on the specified day and time, carefully check and approve the prepared official documents.
- After signing the documents, the sale or transfer is officially completed and the property rights pass to the buyer.
- In the final stage, the title deed is created in the system in the name of the new owner and is usually delivered on the same day or can be viewed digitally.
How much is the title deed certificate fee?
The title deed fee consists of the title deed fee and revolving fund fee calculated based on the sales price of the real estate. In Turkey, title deed fee is generally applied as 4% of the sales price and this amount can be shared between the buyer and the seller. In addition, there is a fixed revolving fund fee collected by the land registry office. The total amount to be paid varies depending on the value of the property.
How many days does it take to issue the title deed?
The title deed is usually issued on the same day. After the application process is completed and the necessary payments are made, the transfer of ownership is instantly recorded in the system as a result of the transactions carried out at the land registry office. In cases where there is no rush, the title deed is prepared and delivered in a short time.
However, in some cases, the process may take a few days, especially due to lack of documentation or prolonged systemic checks. However, when the documents are prepared completely and the process goes smoothly, it is possible to access the title deed on the same day.
Where to Buy Title Deed?
The title deed is obtained from the land registry offices affiliated with the General Directorate of Land Registry and Cadastre. After the real estate purchase and sale transactions are completed, the title deed is issued and delivered in the name of the new owner by the relevant land registry office. For this reason, all application and transfer procedures are carried out officially through land registry offices.
However, you do not need to physically go to the directorate to view the title deed. You can view real estate registered in your name and easily access your title deed information via e-Government or the Web Title Deed system.
