Reduction in registration fees for a transfer and mortgage of immovable properties

(12/2008)

The reduction in registration fee for a transfer and mortgage of immovable properties under a land apportionment permit has already been granted under the notification of the Ministry of Interior dated 24 March 2008 which became effective on 29 March 2008. Our Flash Report No 9/2008 refers.

Under the new notification, the reduction in registration fee for a transfer of immovable properties from 2% to 0.01% and the reduction in registration fee for a mortgage of immovable properties from 1% to 0.01% is granted for the purchase and sale as well as the mortgage of immovable properties which take place without any land apportionment for the following properties:

• Single house, duplex house, row house or commercial unit,
• Single house, duplex house, row house or commercial unit together with land not exceeding one rai.

The above reduction in fees will be applicable from 3 May 2008 until 28 March 2009.

Download: Notification of the Ministry of Interior for information (PDF 206 KB.)