Hellenic National Cadastre

02 Jan 2015, Market, by www.ktimatologio.gr

 

The NATIONAL CADASTRE & MAPPING AGENCY S.A. company is a Legal Entity of Private Law and its mission is the study, development and operation of the Hellenic Cadastre. The company was founded with a joint decision of the Minister of Economy and Finance and the Minister of Environment, Physical Planning and Public Works. NCMA S.A. operates according to the rules of private finance and the provisions of article 5 of Law 2229/1994, of the coded Law 2190/1920, of Law 2308/1995 and Law Ν.2664/1998, as these stand today. Furthermore, the company does not fall under the class of organizations and businesses of the broader state sector; regulations that concern companies directly or indirectly owned by the State do not apply to NCMA S.A. The sole shareholder of the company is the Ministry of Environment, Energy and Climate Change.

The Hellenic Cadastre is a unified and constantly updated system of information that records the legal, technical and other additional details about real estate properties and the rights on them; this information is kept under the responsibility and guarantee of the State. The development of the Hellenic Cadastre aims at the creation of a modern, fully automated real estate property record, whose details are of an evidentiary nature, ensuring the best publicity and security of transactions.It is a significantly more modern and complete system than the old system of Registrations and Mortgages supported by the Land Registry Offices.

The development of Cadastre (“cadastral survey”) at a region is defined as the procedure of recording the real property or other registrable rights (e.g. full or limited ownership, usufruct, prenotification or other real property encumbrance, etc.) which a person or a legal entity has on real properties of a specific region of the country and the connection of these rights to a specific property or properties, as the latter are defined and depicted, after being checked and technically processed, on cadastral diagrams.

On recording a real property right, a series of legal details (register and ID details of the beneficiary, way of acquisition of the right, details of the deed with which the right was acquired, etc.) are also recorded. Furthermore, land parcels are depicted on cadastral diagrams in absolute accuracy with specific node coordinates that refer to the Hellenic Geodetic Reference System (EGSA ’87), specific boundaries and property areas.

Consequently, the cadastral survey procedure aims at collecting, processing and recording property and other registrable rights per property but also at collecting and processing details that allow the most accurate possible depiction of land parcels on cadastral diagrams.
 
Specifically, the Hellenic Cadastre:
 
  • Records all deeds that establish, transfer, change or abolish rights on properties on a real property-centred basis. Thus, everything becomes simpler and more definite.
  • Guarantees all legal details it records, since every deed is registered only after its lawfulness has been checked, meaning that no deed is registered if the transferor is not the person that the cadastre shows to be the beneficiary.
  • Records the geographical description (shape, location and size) of the property too.
  • Unveils and systematically records the State real property for the first time in contemporary Greece.
  • Records the rights evoking from usucaption, which, especially in the province, may constitute the most usual way of ownership acquisition due to the informal nature of transactions.