How to Transfer Apartment Ownership in Bangladesh?

Before transferring the ownership of a flat, both buyers & sellers must have a clear idea about the proceedings. Otherwise, one may face endless problems or even face some fraud. This content is a complete guideline for those we are seeking solutions on how to transfer apartment ownership in Bangladesh.

How to Transfer Apartment Ownership in Bangladesh

Here are the key steps to transfer the ownership of a flat/property in BD.

Steps	Details
Agreement	Both parties must sign a sale agreement. This process requires registration.
Document Verification	The Buyer party should carefully check out all documents. The list includes original title, {RAJUK} approval, land records (Khatian/Porcha), previous tax receipts, utility bills, etc.
Draft of the Sale Deed	A lawyer does this task, which is a sort of proof for the transfer of ownership for a price.
Signing from Both Parties	The deed must have the signatures of both the seller & buyer or representatives. Eventually, the registration process requires it.
Registration Proceedings	Within the 3 months of the deed execution, the buyer has to attend the sub-registry office. He needs to pay all the required fees. It includes stamp duty, registration fees (based on property value), and other government charges. The registration of the deed is the document that recognizes the change in ownership and the new owner of the property.
Mutation	You have to apply to the local land office for the Mutation. It will update the Khatian/Porcha, where there will be the new owner's name.
Tax Update	Obtain the tax receipts (holding tax).
Transfer of Utility	The utility includes the likes of electricity, gas, water, internet connections, etc. All those will transfer to the name of the new owners.
Developer Society	Record update is also important. Hence, inform the apartment owners' association to do so.

• The Post Registration Task includes the final 4 procedures.

What are the Essential Documents for Transferring Flat Ownership in BD?

The following documents are essential in your way to legally transfer the property ownership.

• Sale Deed (registered copy)
• Title Deed/Main Deed copy
• Mutation Khatian/Porcha
• RAJUK-Approved Plan/Layout
• Holding Tax Receipts (up-to-date)
• Allotment Letter (if applicable, from government)
• Utility Connection Transfer Letters.

How can I Transfer Ownership of Property?

What are the requirements for transfer of ownership? (Steps)	What is the easiest way to transfer ownership of a house? (in BD)
Verifying Title Deed and Ownership Records	The Initial Checks Before Transfer start with this task. Checking it is highly crucial, and it lets you know who owns it and whether anyone else has a claim or not. The Sub-Registrar’s Office keeps all the property transaction records.
Encumbrances Check Out	It refers to any sort of claim or burden tied to a property. It could be an old mortgage, an unpaid loan, or a pending court case. To avoid any sort of future issues for the crime that you didn't commit, you must check the encumbrances.
Land Survey Records and Mutation Status	The land survey reveals the exact size and boundaries of the property. Mutations refer to the update of all official records. With that update, the property owner's name will contain the new owner's details and not the previous owner's name. One can grab the latest mutation certificate and the survey maps from the Pourashava, Union Parishad, or Upazila Land Office.
Assemble Necessary Documents	The next phase is the paperwork. Gather all the required documents. The Sub-Registrar’s Office would ask for all the proper documents to continue your task.
Title Deed, Khatian, and Mutation Certificate	The aforementioned one reveals who the actual owner of the property is. Meanwhile, your land's size, boundaries, and classification are all unfolded by the Khatian. And the latest mentioned one shows that the land ownership name belongs to the latest owner who purchased the property.
NID & TIN	The process demands a valid National ID Card as well as a Tax Identification Number from everyone involved. Everyone means? The buyer, seller, donor, and heir.
Land Development Tax Proofs	Take proofs that show the seller has paid all the previous taxes regarding your land or property. Otherwise, the government will demand it from the new owner in the future.
Draft Deed of Transfer	A deed is what contains the entire script of the transaction. Drafting the deed is crucial, and it must reveal who owns the property and how they obtained it under what conditions. It's needed for registration, and a licensed deed writer can help you do so. List the full names and identity of everyone involved, boundaries & size of the land, landmarks, survey numbers, exact price, and payment method. Also, reveal if there are any sort of ongoing agreements, mortgages, easements, or obligations.
Registration of the Deed	This is the official final call that truly hands over the property to the new owner. Until you make it done, the property belongs to the old owner and not you.
Attending Sub-Registrar’s Office	Visit the office in physical and yes the both parties! The government wants clearance that both are willingly doing the deal, and there is no scam.
Biometric Verification	The verification of fingerprint and signature takes place in this step, which leaves no room for later claiming that they didn't do it willingly.
Recording and Reg. No. (Official)	Following the verification, the register puts the deed into the official ledger and also adds a reg. no. to it. The number proves that the property officially belongs to the new owner.

Indeed, with all the fine documents, you may have the registration done within 1 or 2 days. However, registration won't be the final say, and the court can challenge the transfer if any fraudulent activities or scams are proved later. So, be aware while finishing all those tasks so that you don't face any issues in the post-registration period. In Bangladesh, these incidents are never new, and there are many frauds in this sector. By the way, things may seem quite difficult if you are new to this sector. But believe may, everybody faces it as they have no minimal knowledge or idea. But with a breakdown of the entire proceedings, this is a series of logical paperwork and gathering of documents.