100% notary service fee hikes in Türkiye

100% notary service fee hikes in Türkiye

According to official bulletins, the 2023 tariff associated to public notary price companies has elevated by 100%.

The notary is a public official with particular {qualifications} for testifying authorized paperwork. A notary official additionally authorizes the authorized authority of varied paperwork, verifies transactions of authorized people and performs different duties licensed by legislation.

The price schedule of a public notary is scheduled at 1% per 1,000 of the gross sales worth of actual property topic to gross sales in relation to contracts. This price isn’t imagined to be lower than TL 500 ($26) and less than TL 4,000.

The decrease restrict of the notary public price, which is 30% of the charges charged by the notary public for transactions as per financial laws, ranges from TL 8.66 to TL 17.32, whereas the desire and basis deed issuance price ranges from TL 391.91 to TL 783.82.

The price for every written web page has been elevated from TL 11.88 to TL 23.76, and the fastened price per transaction for papers requiring transaction registration has been elevated from TL 3.71 to TL 7.42.

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Source: www.dailysabah.com