Many citizens in the Kingdom of Saudi Arabia are searching for the method of in-kind registration of real estate, so the Kingdom of Saudi Arabia provides a platform for registration, and we will explain through this article the method of in-kind registration of real estate through the real estate registry platform.
What is real estate registration and how is it done?
The Kingdom of Saudi Arabia provides many electronic services, including the real estate registration service, and we will explain this below:
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- Log in to the official website of the Land Registry platform from here.
- Click on “Log in” to the platform, then choose the property registration service.
- Insert the required files and data, then follow the instructions provided to you.
- Then click on submit registration request.
Method of real estate registration
The property is registered in kind through the Land Registry platform, and we will explain this below:
- Log in to the official website of the Zakatiya platform from here.
- From the electronic services, choose zakat, tax, and customs, then choose tax services.
- Then choose Real Estate Transaction Tax, then choose the account type: Individuals.
- Select the account type, whether Saudi citizen or resident.
- Log in through Nafeth, then send the verification code shown in the image.
- Click on Register a New Real Estate Transaction.
- Enter the required data, then click Save, then register the application and pay the tax amount, after which you can complete the real estate disposal procedures.
Conditions for real estate registration
There are some conditions set by the Kingdom of Saudi Arabia for real estate registration, and we will explain those conditions below:
- The person who registers the property must be the property owner.
- The registration amount must be paid in 6 equal installments.
- It is not necessary to pay the first installment for registration.
- The maximum construction period for the property is 36 months.
- The property’s floor is mortgaged with the title deed to obtain financing.
- The property must be accurately documented and described.
- The owner keeps all property data and ownership rights.
In conclusion, we have explained through this article the method of in-kind registration of real estate in the Kingdom of Saudi Arabia. We have also explained the method of in-kind registration of real estate through the electronic platform. We have also clarified the conditions for in-kind registration of real estate.
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2024-04-05 04:41:02
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