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Trends December 24, 2021

Registration fee of declaration of donation deed for Hindu/Christian/Buddho

Reading Time: 2 minutes If you are a Muslim and want to donate your property, you have two options: prepare a Heba deed or a Heba-bil-iwaz deed. But if you are a non-Muslim and want to donate your property to any of your specific family members, you have to prepare a declaration of donation deed. And like any other deed, there are certain fees associated with the declaration of donation deed. In this article, we will discuss everything from the registration fee of declaration of donation to other important things. Declaration of donation The donor will donate the property completely unconditionally where the recipient will gain access to the ultimate powers over everything including the transfer and conversion of the property. Any sound of mind and non-minor can transfer their property through the registry at will. There are different types of deeds and every deed including the declaration of donation deed includes five fundamental…

Trends December 17, 2021

Registration fee of Hiba-bil-iwaz and other things you need to know

Reading Time: 3 minutes A property’s ownership can be exchanged in numerous ways and for that you are legally required to register the property through one of the exchanged deeds that are currently practiced in Bangladesh. For instance, if someone wants to purchase a property, they have to prepare a saf-kabla deed. But if you are a Muslim, you have the option to donate your property in exchange for any items that have religious value such as praying rugs, praying beads, or the holy Quran. This exchange process is called Hiba-bil-iwaz in Islamic sharia. However, like any other deed, there are certain fees associated with a Hiba-bil-iwaz deed. In this article, we will discuss everything from the registration fee of Hiba-bil-iwaz deed and other important things. Heba deed A Hiba-bil-iwaz deed is a type of deed that is in accordance with the Islamic laws where property ownership is gifted or donated in exchange for…

Trends December 3, 2021

Registration fee of Heba deed and other things you need to know

Reading Time: 3 minutes In order to exchange a property’s ownership, you are legally required to register the property through some kind of deed. But depending on the exchange process, the deed will be different. And there are a lot of ways a property can be exchanged. For instance, if someone wants to donate their property to another person or organization, they have to prepare a deed of gift and register accordingly. But if you are a Muslim and want to gift your property by oral declaration to any of your specific family members, you have to prepare a Heba deed. However, like any other deed, there are certain fees associated with a heba deed. In this article, we will discuss everything from the registration fee of heba deed to other important things. Heba deed A Heba deed is a type of deed that is in accordance with the Islamic laws where property ownership…

Trends July 30, 2021

Registration fee of Partition deed and other things you need to know

Reading Time: 3 minutes Whether you co-share a property by inheritance or co-own a property by purchase, when it comes to partitioning the property, you are required to prepare a partition deed that settles the issue on who gets what in detail. And like any other deed, there are certain fees associated with the partition deed. In this article, we will discuss everything from the registration fee of the partition deed to additional charges for each document. Where else do you need this deed? Other than serving as legally upheld proof of the distribution of inherited property among the partners, the partition deed is also required to mutate the distributed property to its rightful inheritors or owners. You will also need the partition deed to sell your property. If you want to get a loan against your inherited property, you are required to present this document as well. Also, during a land survey, if…

Trends June 25, 2021

Registration fee of the deed of gift and other things you need to know

Reading Time: 3 minutes Depending on the exchange process, a property’s ownership can be exchanged through different types of deeds in real estate. For instance, if someone wants to sell their property to another person or organization, they have to prepare a saf-kabla deed and register accordingly. Likewise, if someone wants to donate their property to a person or an organization, they are legally required to prepare a document called Deed of Gift. However, there are certain fees associated with every kind of deed. And the Deed of Gift is no exception. In this article, we will discuss everything from the registration fee of the Deed of Gift to other important things. Deed of Gift On the whole, a Deed of Gift is a legal documentation of an agreement between a donor and a recipient where the donor voluntarily transfers the ownership of the property to the recipient without the expectation of getting anything…

Trends April 30, 2021

Registration fee of saf-kabla deed and other things you need to know

Reading Time: 3 minutes In order to exchange a property’s ownership, you are legally required to register the property through some kind of deed. But depending on the exchange process, the deed will be different. And there are a lot of ways a property can be exchanged. For instance, if someone wants to donate their property to another person or organization, they have to prepare a deed of gift and register accordingly. But what happens when someone wants to sell their property to someone else? This is where saf-kabla or deed of sale comes into play and like any other deed, there are certain fees associated with saf-kabla deed. In this article, we will discuss everything from the registration fee of saf-kabla deed to other important things. But what is saf-kabla deed anyway? Deed of sale or Saf-kabla deed In simpler terms, deeds are the legal documentation of an agreement between two or more…

Trends February 10, 2021

Flat registration fee in South Asian countries

Reading Time: 3 minutes Bangladesh has already made a mark on the real estate market. The business is flourishing and has endless potential to expand. But recently, the flat prices in the capital of Dhaka has tripled. Compared to other Asian countries, Bangladesh’s flat price is comparatively higher, along with a 10% registration fee. There are many additional fees that you need to pay while buying a property. But the registration fee is the most important one as this carries a value proposition of your property entitlement. Let us know about the flat registration fee in different South Asian countries to get comparative statistical data. Flat Registration Fee in India In India, the state government determines flat registration fees and not the federal. When you’re registering your property, the concerned state government will charge you a flat percentage of the total value of the property or the registered value of the property as a…

Bproperty After Hours May 24, 2019

Land Registration Process in Bangladesh: An Infographic Flowchart

Reading Time: 2 minutes The decision of buying land is not easy. Many factors need to be considered when purchasing land, and among them, legal aspects play a major role; especially when the ownership of the property is being transferred. When a piece of land is sold, the buyer or their representative needs to register it under the new owner’s name. It is one of the first legal steps that need to be taken. While the land registration process in Bangladesh may seem daunting and complex from afar, it follows a strict procedure that is easy to follow once you know how it goes. That is why we have created an easy to understand infographic that shows all the steps required to complete the land registration process in BD. Land Registration Process in Bangladesh Confirm the Record of Rights from the Land Office of Ministry of Land Conduct a mutation of property Obtain inspection…

Trends September 22, 2022

Everything about property taxes and fees

Reading Time: 6 minutes Suppose you are to buy a property in Bashundhara R/A worth BDT 2 crore. But you don’t have that much cash at your disposal. So you went for a home loan to finance your purchase. However, during the closing, you learned about the additional costs (comprising various taxes, VAT, and other fees) totaling 10-11% of the total deed value you need to pay to close the deal. For most people in this situation, this would be a deal breaker. And as reality has it, this is actually the case in this country. Call it an error in our current system (implicating the lack of uniform structure for reliable information), but no one can ignore its impact on one’s time and wealth. That is why, in this article, we will be discussing everything you need to know about property taxes and fees in Bangladesh that are associated with property purchases so…

Trends July 19, 2022

Why are secondary properties getting so popular?

Reading Time: 4 minutes Since its inception as an industry in 1991, Bangladesh’s housing sector has undergone many changes. It would not take long to fully mature as a thriving sector. Then the pandemic hit and changed everything. The housing sector took a massive toll before the government could take necessary measures to prevent it from falling. Although the much-needed timely actions helped the industry to stand back on its feet, they also set a new course for the real estate trend in Bangladesh. The tendency to buy secondhand/secondary properties outweighed the propensity to purchase the primary property. And with the added impact of the ongoing clash on Europe’s border, the trend seemed to have become more prevalent. But why did the direction change in recent times? And what are the factors driving secondary property’s popularity? We will be answering all these questions in this article. Affordability with the added convenience One of the…