The State Duma on Monday passed in a second reading legislation that will simplify the process of registering real estate.
Currently, citizens and companies have to follow a two-stage procedure: First, a cadastral passport must be obtained at the Federal Real Estate Agency, and then an application must be registered with the Federal Registration Agency.
But from March 1, the functions of the two agencies, along with the Federal Agency for Land Surveying and Cartography will be merged into a new body: the Federal Registration Service.
The new process will only require an application to the Federal Registration Service, which will give out cadastral passports, Deputy Economic Development Minister Igor Manylov said.
In addition, the application may be filed by mail, so long as it is signed by a notary public, and the procedure for obtaining information from the registry has been simplified. The next logical step is for the service to accept documents via the Internet, said Dmitry Taganov, head of analytics at Inkom.
The amendments will hopefully shorten the registration period. It currently takes about a month to get the documents from each service, said Nina Yevstratova, an attorney at Yakovlev & Partners.
The amendments will go into force starting March 1, 2010.
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