FEES PAYABLE UNDER THE LAND TRANSFER ACT, 1870.

Dunstan Times, Issue 463, 3 March 1871, Page 3

FEES PAYABLE UNDER THE LAND TRANSFER ACT, 1870.

The followin'; examples 'of the fees payable for bringing land under the Laud Transfer Act are published for general information. All lands purchased from the' Crown after the Act is brought into force are registered forthwith, the fees payable being only 2s. for registration, and the assurance fee of |d. in the £ on the value. When the title consists of Grant dated on or subsequent to the 28th December, 1841, and none of the laud included therein has been dealt with : value of land £IOO

Application . .f 0 5 0 Registration .' . 0 2 0 Assurance Fee (Jd. Ip the £). 0 4 2 Certitioatepjf Title . 10 0 £1 11 2 This charge is increased by 4s. 2d, for every additional £IOO : When the title is of any other description, and the value is £IOO ; - - Application . .£OSO Registration . \ .050 Assurance Fee . A . 0 4 2 Certificate of Title . Advertising (say 15s.)* . 015 0 £2 0 2 When the title is of any other description +han that in the first example, and the value is £2OO : Application . .£OSO Registration - . 0 10 0 Assurance Fee . .084 Certificate of Title. .10 0 Advertising (say 155.) . 0 15 0 £2 18 4 When the title is of any other description than that in the first example, and the value is £4OO : Application . .£OSO Registration . .1 oao0 a 0 Assurance Fee . . 0 16 8 Certificate of Title .10 0 £1 16 8 This charge is increased by 4s. 2d. for every additional £IOO in value. The above charges also represent the cost of conveying land, inasmuch as an applicant can direct the certificate of title to ho issued in the name of another person. The cost of dealing'withstand registered under the Act is as follows ' TRANSFER : Forms . . . £0 T 2 0 Registering Memo, of Transfer 0 10 0 New Certificate of Title .10 0 £1 12 0 MORTGAGE : Forms . . .£O2O Registering Memo. ofMortgage (no matter for what amount) 0 10 0 £0 12 0 The cost of a Lease also 12s. Fee for registering transfer or discharge ot mortgage or encumbrance, or the transfer or surrender of a lease, ss. The following is an example of the cost of a comparatively large transaction : A man possessed of land of the value of £1,500 —the title to which consists of a Grant dated on or snbsequcntjto the 28th December, 1841, and none of the land included in which has been dealt with—desires to mortgage the same for £IOOO. He finds that he can effect the transaction under the Laud transfer Act upon payment of the following fees— , . Application . .£OSO Registration . .020 Assurance Fee (Jd. in the £). 3 2 6 Certificate of Title . .10 0 £4 9 6 Mortgage . . 0 12 0 £5 I 6 In this case if the title were of any other description the fees would amount to £6 14s. 6d. When the mortgage is paid off, the fee for registering the discharge is us. Application and other forms, containing full directions can be obtained at the various offices at a cost of Is. each. —“ New Zealand Gazette.” * In ordinary cases the sum of £1 is taken as deposit for cost of advertisements—the balance unexpended being returned.