The Land Registration Rules 2003

[F1Basis of valuationE+W

194D.—(1) For the purposes of rules 194A, 194B and 194C, where the other property affected by the charge includes an estate in land, the value of the proprietor’s registered estate shall be the diminution in value of that other property as determined in accordance with paragraph (2).

(2) The diminution in value of the other property is the difference between—

(a)the value of all the property subject to the charge if the chargor were the proprietor and in possession of the proprietor’s registered estate, and

(b)the value of the property subject to the charge without the proprietor’s registered estate.]

Textual Amendments