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Does the registered property paper normally show the value of the property?
I was shown one today by an Egyptian, he had bought from an Egyptian and it didn't. He says that when you go to put the registration in the new name, they ask you if you want to put the value there but Egyptians don't normally bother.
Is this true?
If its not on the paper how do they know how much tax to pay?
(Before everyone jumps in - don't worry - am not buying, just asking questions).
Posts: 5593 | From: Egypt | Registered: Dec 2005
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The government handed over this portion of land for development to the Company. It was given as special land in the desert for residential development. No where has it been registered. The company when the development is finished go to the Government and it is checked to make sure that what they said it was intended to be used for is in fact what it was used for. Then the government register it as a compound with the council as a compound, a new development using new desert land. Once that is done and it becomes registerable for residents, we will be notified of the handover and then we register our property, and then according to the value of it pay the taxes.
Posts: 3416 | Registered: Oct 2007
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Is there a 'Medhat Barakat' in the midst of all that ???!! Posts: 3219 | From: Wisdom comes with age, but sometimes age comes alone. | Registered: Nov 2005
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what's one of those DZ??? I tried putting it into arabic and sticking in google translate with no luck!
Posts: 5593 | From: Egypt | Registered: Dec 2005
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'Those' isn't but a person named MB accused of fraud for having sold land to investors without having a permission to build anything on it, the land was meant to be used as agricultural land and not turned into a compound..he was jailed and the land's ownership to the people (his victims)suspended till the court case against him ends,this could take years and all depends on the Egyptian juridistic system's efficiency, he's supposed to be released on bail if he can raise 5 million EGP. Anyone with land from this guy has to wait till the final decision is taken..either get a refund or loose everything. Posts: 3219 | From: Wisdom comes with age, but sometimes age comes alone. | Registered: Nov 2005
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Shanta, when we bought our property, our registration documents did not have the property value recorded on it.
Posts: 547 | From: uk | Registered: Jun 2008
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SQ I'm not saying yours isn't legitimate, however others have had mishaps, so..good luck anyway. Posts: 3219 | From: Wisdom comes with age, but sometimes age comes alone. | Registered: Nov 2005
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So SB - when you paid the tax on it - where did the tax office get the taxable value from?
Posts: 5593 | From: Egypt | Registered: Dec 2005
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posted
I have some land in a development called El-Reef El-Oropi on the Cairo Alex desert road which was bought by my father. He has sinced passed away. we have some agricultural land with a villa. Did my father buy the land off Medhat Barakat? I wish to sell the land, will this be possible considering all the legal issues with the land now. Any help would be greatfully apreciated.
Posts: 1 | From: london | Registered: Feb 2010
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quote:Originally posted by johnS: I have some land in a development called El-Reef El-Oropi on the Cairo Alex desert road which was bought by my father. He has sinced passed away. we have some agricultural land with a villa. Did my father buy the land off Medhat Barakat? I wish to sell the land, will this be possible considering all the legal issues with the land now. Any help would be greatfully apreciated.
How would any one apart from you know if your late dad bought the farm from MB?? ,if you need any legal help,then PM me and tell me the exact details.Cheers!
Posts: 998 | From: UK,Egypt,east and central africa..... | Registered: Oct 2006
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,if you need any legal help,then PM me and tell me the exact details.Cheers!
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