Registration of Housing Ownership Transaction

Date:2014-10-31

 

Workflow: Application → Query and application accepting → On-site investigation(if necessary) → Review (reexmaination) → Approval → Certificate making → Fee Paying → Registration → Issuing certificate

 

Registration of Housing Ownership Transaction

Materials required for Housing ownership Registration:

1. House sales contract

2. Housing ownership certificate

3. Application of housing ownership transfer

4. Valid identification of both buyer and seller (corporate applicant should provide its business license, certificate of legal representative, power of attorney, ID card of the trustee) (Original copy for inspection and a photocopy to hand in)

5. Receipt of deed tax, proof of personal income tax exemption or tax clearance certificate

6. Surveying and mapping results

7.  Result of file query

8. State-owned house should submit approval from the administrative department of state-owned assets

9. A trustee of house registration should submit power of attorney and proof of identification (original copy for inspection and a photocopy to hand in); if the house belongs to a minor, his/her guardian applying on behalf of the minor should submit proof of guardianship; guardian selling the minor's house should also provide a written guarantee of the benefit of the minor.

Fees:

1. House transfer fees: 5 yuan/square meter (2.5 yuan/square meter for both parties);

2. 80 yuan/once for residence, 550 yuan/once for non-residence; nominal fee for the certificate:10 yuan each; stamp tax: 5 yuan/each.

3. Sales tax and extra charge of local education funds: Current value of the house× 5.55% (paid by the seller)

Individual selling his/her ordinary residence which has been purchased for more than five years, sales tax can be exempted; individuals selling non-residence or non-ordinary residence (construction area of residence bigger than 144 square meters) which has been purchased for more than five years, sales tax will be collected based on the balance.

4. Personal income tax: Current value of the house× 2% (paid by the seller)

Property rights trading center will levy personal income tax by 2% of the current value of the house. Seller satisfying the condition of tax exemption or is paying at a rate of 20% of the balance, should go to the local tax bureau where the house locates to pay the tax.

5. Flood prevention fee: Current value of the house× 1‰ (paid by the seller)

6. Contract stamp tax of property rights transfer:

Buyer: Current value of the house × 0.5‰

Seller: Current value of the house×0.5‰

7. Value-added tax of land (paid by the seller)

Individual selling his/her non-ordinary residence (construction area of residence bigger than 144 square meters) which has been purchased for less than five years, land value-added tax will be charged at 1% of the current value of the house.

Time limit:

30 work days

 

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