Land Registry Fee: What is the Actual Price You Paid When Buying? Should only the price of the house be taken into account when buying a real estate? Of course not.Land Registry Fee: What is the Actual Price You Paid When Buying? Should only the price of the house be taken into account when buying a real estate? Of course not. Land registry fee, whichLand Registry Fee: What is the Actual Price You Paid When Buying? Should only the price of the house be taken into account when buying a real estate? Of course not. Land registry fee, which is an integral part of real estate purchase and sale transactions in Tand Registry Fee: What is the Actual Price You Paid When Buying? Should only the price of the house be taken into account when buying a real estate? Of course not. Land registry fee, which is an integral part of real estate purchase and sale transactions in Turkey, is an often overlooked but important expense item. And what is this land registry fee? It is a legal tax collected by the state at the time of the official change of hands of real estate. And most buyers and sellers realize how much this item costs only when they go to the land registry office. It is useful to know before going through the work. The 4 Percent Truth The land registry fee is charged at the rate of 2% from the buyer and 2% from the seller, totaling 4% of the sale price.land registry fee is charged at the rate of 2% from the buyer and 2% from the seller, totaling 4% of the sale price. For example, if you are buying an apartment worth 2 million TL, you only have to pay a fee oe land registry fee is charged at the rate of 2% from the buyer and 2% from the seller, totaling 4% of the sale price. For example, if you are buying an apartment worth 2 million TL, you only have to pay a fee of 40,000 The land registry fee is charged at the rate of 2% from the buyer and 2% from the seller, totaling 4% of the sale price. For example, if you are buying an apartment worth 2 million TL, you only have to pay a fee of 40,000 TL as the buyer. The seller also pays the same amount. So we are talking about a state tax of 80,000 TL in total. Of course, in practice, the parties can share this burden in different ways by agreeing among themselves. Dec. But the laws are clear: tuition is the responsibility of both parties. Fair Price and Declaration Obligation Another important detail: The value declared during the sale cannot be below the fair value determined by the relevant municipality. Otherwise, the transaction will not take place. Not Just a Paper FeeThe value declared during the sale cannot be below the fair value determined by the relevant municipality. Otherwise, the transaction will not take place. Not Just a Paper Fee The land registry fee is aThe value declared during the sale cannot be below the fair value determined by the relevant municipality. Otherwise, the transaction will not take place. Not Just a Paper Fee The land registry fee is actually the most basic step that allows that house to be registered on your behalf. In other words, the formalization of the signature you put on the deed happens with this pay. Therefore, the payment of title deed fees is not a “small expense”, but one of the most critical parts of the purchasing process. As CEESS Global, we do not only sell houses; we guide you at every stage of your investment process. Continue to follow us for an informative, guiding, transparent and reliable service.