Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
GUIDEBOOK <strong>on</strong> REGISTERING PROPERTY <strong>in</strong> MALAYSIA3 C<strong>on</strong>clusi<strong>on</strong>The <strong>in</strong>itiatives taken have resulted <strong>in</strong> the follow<strong>in</strong>g c<strong>on</strong>t<strong>in</strong>uous improvements across all governmentagencies <strong>in</strong>volved as stated <strong>in</strong> Diagram 5 (pages 18 & 19):• Durati<strong>on</strong> of the transfer of property generally takes 2 work<strong>in</strong>g days for Standard <strong>Property</strong>;• Simplified procedures via <strong>on</strong>l<strong>in</strong>e system;• Easy track<strong>in</strong>g and traceability of the status of stamp<strong>in</strong>g process;• Cost efficient; and• Integrity of the system enhanced.Further to the improvements made, Stamp Office / RSC has embarked <strong>on</strong> enhanc<strong>in</strong>g STAMPSto further improve the stamp<strong>in</strong>g process of <strong>in</strong>struments related to transfer of property.17The Land Office / Registry is mov<strong>in</strong>g towards simplified and standard forms for land relatedtransacti<strong>on</strong>s to be adopted by all states <strong>in</strong> <strong>Malaysia</strong>.This jo<strong>in</strong>t effort by the public and private sectors as well as experts <strong>in</strong> their respective fieldsc<strong>on</strong>tributed <strong>in</strong> improv<strong>in</strong>g the delivery system.