Ownership Transfer Service

How to Transfer Ownership of Land in Bangladesh:

To transfer ownership of land in Bangladesh, there are specific steps and procedures that need to be followed. Here is a detailed guide on how to transfer ownership of land in Bangladesh:

• Obtain the Certified Copy of the Deed: The first step is to obtain a certified copy of the deed or the original document of ownership. This document contains the details of the property, including its location, boundaries, and ownership information. It is essential to ensure that the deed is properly executed and registered.

• Verification of the Deed: Once you have certified copy of the deed, you need to verify its authenticity. This involves checking the ownership history, as well as confirming that the deed is free from any disputes, litigation, or encumbrances. You can do this by visiting the local land office or hiring a lawyer to conduct a title search. The transfer deed, also known as a “kabala,” must be signed by both the seller (the transferor) and the buyer (the transferee). This document sets forth the terms and conditions of the transfer, including the purchase price, the payment schedule, and any other specific agreements between the parties, are outlined in this document.

• Payment of Stamp Duty: Stamp duty is a tax imposed on the transfer deed, and it is based on the assessed value of the property. The buyer is wholly responsible for paying the stamp duty, which is calculated base on a portion of the property’s value. The stamp duty rates can vary depending on the location and the type of property. It is important to consult with the local land office or a lawyer to determine the applicable stamp duty rates.

• Registration of the Transfer Deed: After the transfer deed is executed and the stamp duty is paid, it must be registered with the local Sub-Registry Office within the jurisdiction where the property is located. Both the buyer and the seller must appear in person or authorize a representative with a power of attorney to register the deed. You have to submit the necessary paperwork, pay the necessary registration fees, and provide registration office with any additional informations they may require in order to register.

• Mutation and Record Updating: Once the transfer deed is registered, it is essential to update the land records to reflect the new ownership. This process is known as “mutation.” The buyer must apply for mutation at the local land office and submit the registered deed, along with other supporting documents. The land office will update the records to reflect the new ownership.

• Updating Tax Records: After the transfer of ownership, it is necessary to update the tax records to reflect the new owner. The buyer must apply to the local tax authority, usually the local municipal corporation or the Union Parishad, to update the tax records. This includes transferring the property tax assessment and updating the owner’s information for future tax payments.

• Possession and Handover: Once all the legal formalities are completed, the seller should hand over possession of the property to the buyer. It is essential to document the transfer of possession through a delivery and acceptance note, which acknowledges that the buyer has received physical possession of the property.

It is important to note that the process may vary slightly depending on the specific circumstances and location within Bangladesh. To ensure adherence to the relevant laws and regulations, it is advised to get advice from a trained attorney or the local land office.