When co-owned Real Property is subdivided between its owners, the registration fees must be paid by the co-owners in proportion to their respective shares held prior to the subdivision. The fee for this specific service is one percent (1%) of the va…
When co-owned Real Property is subdivided between its owners, the registration fees must be paid by the co-owners in proportion to their respective shares held prior to the subdivision. The fee for this specific service is one percent (1%) of the value of the Real Property that is subject to the subdivision. This ensures that the costs of legally separating property interests are distributed fairly among the owners who are benefiting from the creation of independent property units.
This is general information from the website library. Confirm current rules, fees and property details with the relevant authority before acting.
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