On 24 November 2009, PEMUDAH released a second edition of the Guidebook on Registering Property. The second edition focuses on the registration process for strata titled and leasehold properties as well as freehold properties covered in the first edition.
The highlights of the second edition of the Guidebook on Registering Property in Malaysia include:
The number of days to register a property, on average has been reduced further from 144 days to 55 days for manual processing where valuation is required and to 40 days for manual processing where valuation is not required; and
The number of days to register a property, on average, has been reduced further from 144 days to 41 days for STPH (Sistem Taksiran Pindahmilik Harta) with valuation and to 34 days for STPH where valuation is not required.
The Guidebook also highlights improvements in the property registration process:
STPH, an on-line assessment system involving the Stamp Office (Pejabat Setem);
The valuation process by the Valuation and Property Services Department (Jabatan Penilaian dan Perkhidmatan Harta);
Computerisation of the property registration system in the land office / registry; and
Simplification of the requisite forms.
Further to the improvements made, the Stamp Office has embarked on enhancing “STAMPS” (Stamp Assessment and Payment System) which allows, among others, for application, transaction, assessment and payment online.
