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Article 4 Transfers otherwise than for monetary consideration, etc.

Original text. Later amendments are not shown.

(1)

Subject to paragraphs (2) and (3), to article 6 (large scale applications, etc.) and to paragraph (8) of Schedule 4 (applications to which section 145(2) of the Act applies), the fee for an application for the registration of:

(a)

a transfer of registered land otherwise than for monetary consideration;

(b)

a surrender of a registered lease (whether effected by deed or otherwise) where the surrender is consideration or part consideration for the grant of a new lease to the registered proprietor for the registration of which a scale fee is paid;

(c)

a surrender of a registered lease otherwise than for monetary consideration (whether effected by deed or otherwise);

(d)

a transmission of registered land on death or bankruptcy;

(e)

an assent of registered land (including a vesting assent);

(f)

an appropriation of registered land;

(g)

a vesting order or declaration made under section 47 of the Act;

(h)

a rectification of the register;

(i)

a transfer of a matrimonial home (being registered land) made pursuant to an order of the Court;

shall be paid in accordance with Scale 2 in Schedule 2 on the value of the land which is the subject of the dealing, determined in accordance with article 8, but after deducting therefrom the amount secured upon the land by any charge subject to which the registration takes effect.

(2)

Where a transfer falling within paragraph (1)(a) is one for the purpose of giving effect to the disposition of a share in registered land the fee for an application for its registration shall be paid in accordance with Scale 2 in Schedule 2 on the value of that share.

(3)

Where, in the case of rectification of the register, the fee appears to the Registrar to be unreasonable or excessive he may reduce or waive it.