Land transfer from the original owner to the buyer or another person is a process that should be followed and adhered, to avoid future problems.
When a company like Alpha Shine tells you that your title deed is being processed, this is what we mean; What is involved in Title Deed ownership Transfer process:
1. The first thing is to clear any pending land rates if there are any.
Seller has to obtain a a clearance certificate verifying the rates have been fully paid. This document shows that all property taxes and dues have been settled.
2. Then you have to provide current up to date title deed search document.
Note that a land search expires within a month after being issued.
3. Provide all approvals from ministry of lands board.
That is, a signed consent document.
4. Valuation report from government valuer showing the value of the land
This will show the estimated market value and will be the base for paying the stamp duty.
5. Proof of stamp duty payment
This is a receipt generated from E- citizen showing you have actually payed stamp duty to facilitate transfer. Stamp duty is paid 2% of the value of land in rural region and 4% of the value of land in urban areas.
6. After submitting all the required transfer documents, including KRA pin certificate, national ID and Passport photo of the buyer, you wait to be notified when to collect your title deed.
I normally advice my Investors that, once you get your title deed, do another search to ascertain the new details have been entered clearly to avoid future headaches and stress, Be sure.
When you return title deed immediately for corrections within a month, you are not normally charged, but delayed corrections might be charged.
Keep your Title deed in a safe, clean lockable place together with payment receipts. The advantage of investing with our company is that, we have lawyers and surveyors and team of experts who take all that burden on your behalf.
All our prices are inclusive of processing fees. Buy, relax and wait for your Title Deed at your door step.
