Among the documents to be submitted for residence application are the following: The contract of purchase stating that, “The contract of sell and purchase of the property is not subject to conditions or exemptions, the total price amounts to ….. ………..which has been paid in full with a crossed bank check or bank transaction” and a proof of transfer of the contract by the competent land registry. So, according to the legal framework, the stated value on the contract is that one, which is taken into account in the assessment of the application and not any οther kind of value.
