Transferable Titles what are they?

Transferable Title Rights (TTR’s) can be viewed as the right to the transfer the residential development potential of a rural site from one property to another elsewhere in the district. They provide an effective mechanism for rural subdivision in parts of Auckland that would otherwise not be sub-dividable under the Unitary Plan.

You will encounter a range of different terminology when researching TTR’s. Common phrases used include – Transferable Title Rights (TTR’s), Transferable Titles, Transferable Development Rights (TDR`s), Transfer Rural Site Subdivision (TRSS) and Transferable Rural Site Subdivision Rights (TRSSR`s).

The TTR subdivision rules apply to rural zonings only. The rules can and do vary considerably between the various rural zones and from district to district.

The Auckland Unitary Plan provides one set of rules for the entire Auckland Region.This region extends from Bombay in the South to Te Hana in the North and encompasses everything between the West and East Coasts of this area.

Under the Auckland Unitary Plan rules there are 5 Rural Zones – Rural Production, Mixed Rural, Coastal Rural, Rural Conservation and Countryside Living Zones. Transferable Title Rights (TTR`s), or Transferable Development Rights (TDR’s) as they are sometimes called can only be transferred into certain identified Countryside Living Zones.

These are:

If your property is located outside of these areas you will NOT be able to subdivide utilising TTR related subdivision rules. To explore how purchasing a Transferable Title could help you unlock equity in your property purchase one of our Feasibility Reports.