Date: Jan 30, 2022
Finalizing a private car transaction in Iran i.e. transfer of title to the buyer, need not be registered in Notary office; according to a new circular issued by the Attorney General on 4. September. The order is based on a ruling by Administrative Court of Justice that transferring the document issued by the traffic police, which is also known as “the green deed” must be sufficient and there is no need to register the sale agreement in the Notary office to finalize a car transaction. Previously it was a practical procedure, though not supported by law, to register a car transaction in the Notary office, after transferring the green deed. However, since the green deed is considered an official document according to the Iranian Civil Code, it should be sufficient to finalize a car transaction.
The procedure created controversy between the traffic police, and notary offices, which were responsible for closing car sale contracts and at the time, notarization made the car sale process lengthy and more costly. Since cars are not considered immovable properties, most lawyers believe that notarization of such contracts is not necessary.
The new circular by the Attorney General is to put an end to this controversy and omit the unnecessary bureaucracies once and for all.
Finalizing a private car transaction in Iran i.e. transfer of title to the buyer, need not be registered in Notary office; according to a new circular issued by the Attorney General on 4. September.
