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PART 2Scale fees

Transfers of registered estates for monetary consideration, etc.

3.—(1) Subject to paragraphs (2), (3) and (4), the fee for an application for the registration of—

(a)a transfer of a registered estate for monetary consideration;

(b)a transfer for the purpose of giving effect to a disposition for monetary consideration of a share in a registered estate;

(c)a surrender of a registered leasehold estate for monetary consideration, other than a surrender to which paragraph (3) of Schedule 4 applies,

is payable under Scale 1 on the amount or value of the consideration.

(2) Paragraph (1) shall not apply if the application is—

(a)a large scale application, where article 6 applies; or

(b)for the registration of a transfer of a matrimonial home made pursuant to an order of the court, where article 4(1)(h) applies.

(3) Where a sale and sub-sale of a registered estate are made by separate deeds of transfer, a separate fee is payable for each deed of transfer.

(4) Where a single deed of transfer gives effect to a sale and a sub-sale of the same registered estate a single fee is assessed upon the greater of the monetary consideration given by the purchaser and the monetary consideration given by the sub-purchaser.

(5) The fee for an application to cancel an entry in the register of notice of an unregistered lease which has determined is payable under Scale 1 on the value of the lease immediately before its determination.