Article 3 Transfers of registered land for monetary consideration, etc.
Subject to paragraphs (2) and (3), and to article 4(1)(h) (transfer of matrimonal home pursuant to an order of the Court) and article 6 (large scale applications, etc.), the fee for an application for the registration of:
a transfer of registered land for monetary consideration;
a transfer for the purpose of giving effect to a disposition for monetary consideration of a share in registered land;
a surrender of a registered lease for monetary consideration (whether effected by deed or otherwise), other than a surrender to which paragraph (4) of Schedule 4 applies;
shall be paid in accordance with Scale 1 in Schedule 1 on the amount or value of the consideration.
Where a sale and sub-sale of land are effected by separate instruments of transfer, a separate fee shall be payable in respect of each transfer.
Where a single instrument of transfer gives effect to a sale and a sub-sale of the same land a single fee shall be assessed upon the greater of the monetary consideration given by the purchaser or the monetary consideration given by the sub-purchaser in respect of that land.
The fee for an application to cancel an entry in the register of notice of an unregistered lease which has determined on merger, surrender or otherwise shall be paid in accordance with Scale 1 in Schedule 1 on the value thereof immediately prior to its determination.