Guidebook on Registering Property in Malaysia.pdf

GUIDEBOOK on REGISTERING PROPERTY in MALAYSIASTEP 4 Adjudication Process• Online submission of Form PDS 15 will be made through STPH / STAMPS to the selectedStamp Office / RSC to determine the chargeable stamp duty. Samples of Form PDS 3 andForm PDS 15 are in Appendix 4 and Appendix 5 and 5A.• The Stamp Office / RSC will forward the documents submitted for adjudication to JPPH, ifvaluation is required.• Upon receipt of the documents from Stamp Office / RSC, JPPH will carry out a valuation ofthe property. An inspection will be carried out prior to the valuation if there is a need to verifythe conditions of the property.32• The valuation will then be reported to Stamp Office / RSC.• The Stamp Office / RSC will then issue a Notice of Assessment stating the amount of stampduty (“Ad Valorem”) payable.• Hakimi’s lawyer will arrange for payment of the stamp duty accompanied by the Deed ofAssignment.• Upon payment of the stamp duty the property is deemed transferred.STEP 5 Registration of Transfer• When the individual title to the property has been issued later on, Hakimi will engage theservices of a lawyer to transfer the property into his name and charge in favour of his endfinancier (Bank).• The process is similar to registering property with title [see page 20 - Walking Through TheSystem, Property With Title (Freehold, Leasehold)].