Guidebook on Registering Property in Malaysia.pdf

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GUIDEBOOK on REGISTERING PROPERTY in MALAYSIA3 ConclusionThe initiatives taken have resulted in the following continuous improvements across all governmentagencies involved as stated in Diagram 5 (pages 18 & 19):• Duration of the transfer of property generally takes 2 working days for Standard Property;• Simplified procedures via online system;• Easy tracking and traceability of the status of stamping process;• Cost efficient; and• Integrity of the system enhanced.Further to the improvements made, Stamp Office / RSC has embarked on enhancing STAMPSto further improve the stamping process of instruments related to transfer of property.17The Land Office / Registry is moving towards simplified and standard forms for land relatedtransactions to be adopted by all states in Malaysia.This joint effort by the public and private sectors as well as experts in their respective fieldscontributed in improving the delivery system.
GUIDEBOOK on REGISTERING PROPERTY in MALAYSIA2010 ReportDuration forSTPH / STAMPS1 118(1 day)SPA sent toStamp Office/ RSC forstamping(1 day)Form 14A sentto Stamp Office/ RSC foradjudicationSPA sent toStamp Office /RSC for stamping/ RSC/ RSCS(36 days)StreamliningValuationProcess andby JPPHStampOffice/ RSC(1 day)Stamp Office/ RSC/ RSCstampingto lawyerelectronically,by post ifmanualDiagram 5 - Initiative for Improving Registering Property(Freehold and Leasehold Landed)
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