Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
Guidebook on Registering Property in Malaysia.pdf
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GUIDEBOOK <strong>on</strong> REGISTERING PROPERTY <strong>in</strong> MALAYSIASTEP 4 Adjudicati<strong>on</strong> Process• Onl<strong>in</strong>e submissi<strong>on</strong> of Form PDS 15 will be made through STPH / STAMPS to the selectedStamp Office / RSC to determ<strong>in</strong>e the chargeable stamp duty. Samples of Form PDS 3 andForm PDS 15 are <strong>in</strong> Appendix 4 and Appendix 5 and 5A.• The Stamp Office / RSC will forward the documents submitted for adjudicati<strong>on</strong> to JPPH, ifvaluati<strong>on</strong> is required.• Up<strong>on</strong> receipt of the documents from Stamp Office / RSC, JPPH will carry out a valuati<strong>on</strong> ofthe property. An <strong>in</strong>specti<strong>on</strong> will be carried out prior to the valuati<strong>on</strong> if there is a need to verifythe c<strong>on</strong>diti<strong>on</strong>s of the property.32• The valuati<strong>on</strong> will then be reported to Stamp Office / RSC.• The Stamp Office / RSC will then issue a Notice of Assessment stat<strong>in</strong>g the amount of stampduty (“Ad Valorem”) payable.• Hakimi’s lawyer will arrange for payment of the stamp duty accompanied by the Deed ofAssignment.• Up<strong>on</strong> payment of the stamp duty the property is deemed transferred.STEP 5 Registrati<strong>on</strong> of Transfer• When the <strong>in</strong>dividual title to the property has been issued later <strong>on</strong>, Hakimi will engage theservices of a lawyer to transfer the property <strong>in</strong>to his name and charge <strong>in</strong> favour of his endf<strong>in</strong>ancier (Bank).• The process is similar to register<strong>in</strong>g property with title [see page 20 - Walk<strong>in</strong>g Through TheSystem, <strong>Property</strong> With Title (Freehold, Leasehold)].