On Friday, April 26th, authorities from the Ministry of Economy and Finance (MEF) and notaries met within the framework of a working group to establish the New Guide of Requirements for Cadastral Process Services. During this meeting, the proposal to change the format and simplify the processes for issuing the Cadastral Certificate of Property was discussed.
The cadastral certificate of a property is a document that certifies the physical, legal, and economic data of real estate. These data, which are recorded in the Real Estate Cadastre, include the location, area, measurement, use, legal value, and cadastral value of a property. Notaries must compulsorily present the cadastral certificate in cases of deeds relating to the transfer, modification, or creation of real rights over real estate, and the data provided in that document must be inserted into the deeds.
The meeting took place in the Auditorium Hall of the MEF, with the presence of the general manager Horacio Codas, the head of the National Cadastre Service General Directorate, Liz Moreno, and heads of Catastro. Representatives from the Public Records Directorate, the Major Notary of the Government, and the Paraguay Notary College also attended.
Liz Moreno, director of Catastro, mentioned that the Ministry of Economy presented a proposal already analyzed based on requests from the Notary College. She emphasized that the main objective is to simplify processes and requirements to expedite the delivery of the Cadastral Certificate of Property.
"If we manage to simplify these procedures, we will help the real estate sector to have greater dynamism. The Cadastral Certificate of Property is one of the most important processes that the Cadastre Directorate provides because this certificate allows the transfer or modification of real rights when there is a sale, a mortgage, a transfer of rights," she said.
In the same vein, she explained that expediting the issuance of the Cadastral Certificate is intended to be achieved through the simplification of processes and requirements, as well as the application of computerization and digitization.
"In two weeks, we will have another meeting, depending on the results, but we already have specific tasks that we will analyze. We will continue studying our Requirements Guide," the head of Cadastre pointed out.