Subdividing a piece of land: in which cases it is appropriate, how is the process and how much it costs

Subdividing a piece of land is a very common practice that occurs among people who want to

between two or more owners, or who wish to

as a business.

Carrying out this process is a fundamental point if one takes into account that, although it is possible to build a house on a lot that

, the house in question will not belong to the person who built it, but to the person who owns the land.

Therefore, for a piece of land that has a property title to be divided into

, and for each of them to have

, it will be necessary to carry out the

, according to the specialists.

Making the subdivision allows each individual to own their own property or apartment.

Photo: File.

In what cases is it convenient to subdivide a piece of land?

A frequent case is that of two or more brothers who

the land from their parents.

Or that of friends or relatives who

and then subdivide it and each have their own part.

In these cases, making a subdivision is convenient for them to transform the only piece of land into two or more.

Thus, each of the owners can be

and 

property title.

In this sense, as detailed by the president of the Tariff Commission of the College of Notaries of Buenos Aires,

, to

, in the City of Buenos Aires there is a lot with

, which must be subject to

, because if not, technically, the children who inherited it are not exclusive owners of their own house built on the same lot.

"Making the subdivision allows each individual to be

with their relatives or neighbors

. The affectation is made by means of a Horizontal Measurement plan (with a surveyor, architect or civil engineer) and later it is submitted to municipal approval," explained Gerarduzzi.

"Once approved, they must appear before a notary

to carry out the

and

resulting units," he added.

Another typical case in which it is necessary to initiate a subdivision process is that of someone who

and decides to

in order to

.

As well as when investors buy a very large piece of land with a view to subdividing, subdividing and finally reselling the already divided pieces of land.

Someone who has a piece of land and decides to divide it into lots to later sell them must start a subdivision process.

Photo: Shutterstock.

Making the subdivision of a piece of land: how much does it cost and how long does it take?

"The

implies

such as notarial contributions, notarial sheets, deed rights, registration fees, registration certificates, study and compilation of background information, and certified procedures," explained the notary.

In this regard, he held that

it is

since many depend on the scales and the fiscal and special valuations of the properties.

Meanwhile, an extra cost will also have to be considered if the houses built on the same piece of land do not have a 

.

Regarding the

, according to the tariff guideline, in the condominium and/or adjudication division, a rate of

of the property is applied, being

for the granting of co-ownership regulations, in which case it is accumulated with the previous one because it is an essential prior act for the adjudication.

Meanwhile, if the property is located

, this type of deed does not pay Stamp Tax and does not accrue Property Transfer Tax or ITI.

Since all cases are different, Gerarduzzi advised consulting a trusted notary to be advised and calculate the costs more accurately.

With respect to the times, he indicated that "you have to be patient because, if you have to

, you need to do some procedures beforehand for their approval."

"Once all this documentation is in place, the granting of the regulation is fast, but its

takes approximately

, also depending on whether it is in CABA or in the Province of Buenos Aires," he concluded.

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