The Auditor General's report for 2013 states that more than three hundred thousand owners of property in Cyprus cannot be taxed on their property as the Land Registry has no way of knowing who they are.
Despite being put under pressure the Government reduce the backlog of Title Deeds, numbnuts at the Paphos Land Registry are refusing to accept current British passports as identification.
Neither the Inland Revenue Department nor the Land Registry, responsible for issuing Title Deeds, has a mechanism to apportion blame for the non-issuance of Title Deeds, so IPT notices will only be sent to property owners.
The Cyprus Association of Valuers has warned that significant discrepancies between property valuations carried out by the Land Registry, commercial banks and private appraisers could result in legal tangles.
MPs have accused the Banks and the Land Registry of rigging property valuations for their own benefit, while expert appraisers have pointed out that property valuers and the banks use different methodologies.
Six thousand foreclosure requests filed by banks at land registry offices across Cyprus remain pending and are not expected to proceed soon due to the land registry offices heavy workload.
The myth that Cyprus has one of the best Land Registries in the world was exploded yesterday when Parliament heard that it does not have exact ownership details for a quarter of a million properties.
Disciplinary and criminal investigations are underway into a number of land registry officials relating to allegations of corruption, bribery, embroilment, violation of personal data laws and depriving the state of revenue.
Bailiffs acting on a court order have stripped the Paphos Land Registry office of anything that wasn't nailed down to compensate creditors whose land was expropriated for the Paphos/Polis road and who have yet to be paid compensation.
Interior Minister Neoclis Sylikiotis has announced plans to introduce new IT systems into Town Planning and Land Registry offices throughout Cyprus to improve services offered to the public.
A petition has been launched calling on the Interior Ministry and the Land Registry to reject any application made by the Alpha Bank to auction land to recover money owed to it by the bankrupt developer Yiannis Liasides.
There has been a noticeable increase in the number of Title Deed transfers carried out by Land Registry Offices throughout Cyprus since the start of the year.
A couple who bought an apartment in Larnaca and faced eviction and repossession by the bank because its developer had defaulted on his mortgage repayments have been assured of a stay of execution.
Despite the Cyprus Interior Minister Neoclis Sylikiotis promising additional resources to help clear the backlog of Title Deeds waiting to be issued, there are still long queues outside the Land Registry and other government offices in Paphos.
Interior Minister Neoclis Sylikiotis is considering engaging foreign companies to carry out some 26,000 land surveys that have piled up in the Land Registry across Cyprus.
The Land and Building Developers Association has called on the Cyprus government to outsource eleven of the twelve procedures currently needed to issue a Title Deed to the private sector.
