BIR Ruling No. 056-13

January 29, 2013 BIR RULING NO. 056-13 RA 7279; RR 11-97;BIR Ruling No. 413-11 ITP Properties Corporation No. 10 Dao St.,Project 3, Quezon City Attention: Engr. Isidro T. Pajarillaga Chairman and CEO Gentlemen : This refers to your letter dated September 7, 2012 requesting issuance of Certificate of Tax Exemption for the AFP-PNP Housing Program Phase-2 Irenea Estate Subdivision Development Site in Brgy. Nazareth, Gen. Tinio, Nueva Ecija pursuant to Republic Act (R.A.) No. 7279, otherwise known as the "Urban Development and Housing Act of 1992". cDCEIA Documents submitted show that ITP Properties Corporation with Tax Identification Number 216-856-102-000, is the absolute and registered owner of parcels of land located at Brgy. Nazareth, Gen. Tinio, Nueva Ecija, covered by Transfer Certificates of Titles (TCT),to wit: TCT No. Area (sq.m.) Tax Declaration No. NT-284137 37,683 11-08005-00372 NT-284138 37,683 11-08005-00370 NT-284139 37,683 11-08005-00371 NT-284140 37,684 11-08005-00373 NT-290999 158,344 11-08005-00374 041-2012004066 1 9,089 11-08005-00763 041-2012004061 2 9,090 11-08005-00764 041-2012004062 3 9,089 11-08005-00762 Pursuant to the Deed of Conveyance executed on September 7, 2012, Forty Thousand Eight Hundred Ninety Six square meters (40,896 sq.m.) portion of the subject properties was sold to National Housing Authority (NHA) for One Hundred Fifteen Million pesos (P115,000,000.00) to be subdivided to One Thousand (1,000) lots (the list is hereto appended as Annex "A").The properties were developed by ITP Properties Corporation into a socialized housing site in Brgy. Nazareth, Gen. Tinio, Nueva Ecija. On September 3, 2012, a Memorandum of Agreement (for developed lots and completed housing units) (MOA) was executed by and among ITP Properties Corporation as the landowner/developer, AFP Housing Homeowners Association, Inc. and PNP Housing Homeowners Association, Inc., as the beneficiaries, and the NHA, with TIN 000-916-384-000, as the implementing government agency for the AFP/PNP Housing Program as cited under Administrative Order No. 9 dated April 11, 2011. Under the MOA, members of the AFP Housing Homeowners Association, Inc. and PNP Housing Homeowners Association, Inc.,shall be provided by the NHA with a financial grant for the acquisition house and lot packages in the AFP/PNP Housing Project through the Community Initiative Approach Program in the amount of Php240,000.00 for a House and Lot Package of Forty square meters (40.00 sq.m.) lot and Twenty Two square meters (22.00 sq.m.) floor area. In support of your above request, you submitted the following documents: 1) Certified true copy of the SEC Registration of the Corporation; 2) Certified true copy of the Articles of Incorporation; 3) BIR Certificate of Registration; 4) Copy of HLURB Certificate of Registration of AFP Housing Homeowners Association incorporation and the PNP Housing Homeowners Association incorporation; 5) Notarized copy of Deed of Conveyance dated September 7, 2012 between ITP Properties Corporation and the National Housing Authority; 6) Copy of the Memorandum of Agreement by and among ITP Properties Corporation, AFP Housing Homeowners Association Incorporation and the PNP Housing Homeowners Association Incorporation and National Housing Authority; 7) Certified True Copies of the Transfer Certificate of Titles and Tax Declarations; 8) Other pertinent documents. In reply, please be informed that pursuant to Sections 19 and 20 RA No. 7279, pertinent portions of which state that: "Sec. 19. Incentives for the National Housing Authority. The National Housing Authority, being the primary government agency in charge of providing housing for the underprivileged and homeless, shall be exempted from the payment of all fees and charges of any kind, whether local or national, such as income and realty taxes. All documents or contracts executed by and in favor of the National Housing Authority shall also be exempt from the payment of documentary stamp tax and registration fees, including fees required for the issuance of transfer certificates of title. "Sec. 20. Incentives for Private Sector Participating in Socialized Housing. To encourage greater private sector participation in socialized housing and further reduce the cost of housing units for the benefit of the underprivileged and homeless, the following incentives shall be extended to the private sector; xxx xxx xxx (d) Exemption from the payment of the following: (1) Project-related income taxes; (2) ...; (3) Value-added tax for the project contractor concerned; xxx xxx xxx" the landowner/developer of properties who sell its properties for use in a socialized housing project are exempt from the payment of the project-related income taxes. Such being the case, the sale of the aforestated properties by ITP Properties Corporation to NHA in so far as the Forty Thousand Eight Hundred Ninety Six square meters (40,896 sq.m.) portion of the subject properties is concerned is exempt from the project-related income taxes and consequently from withholding tax. Upon issuance of this letter of exemption, and upon registration of the documents of sale, a lien on the Certificates of Title of the land to be issued in the name of the NHA shall be caused to be annotated by the Register of Deeds having jurisdiction over the properties, to the effect that the said properties shall be used for socialized housing pursuant to R.A. No. 7279. (BIR Ruling No. 413-2011 dated October 28, 2011) aCITEH Moreover, pertinent portions of RMC No. 42-01 dated October 5, 2001, provide, viz. : xxx xxx xxx A. National Housing Authority (NHA) The NHA, being the primary government agency in charge of providing housing for the underprivileged and homeless citizens shall be exempted from the payment of the following national revenue taxes: (1) ... (2) Documentary stamp tax on sales transactions executed by and in favor of the NHA in connection with socialized housing projects. Since Section 19 of R.A. 7279 exempts "all documents or contracts executed by and in favor of the NHA," the exemption from documentary stamp tax extends to the other party (either seller or buyer) that is dealing or transacting with the NHA. xxx xxx xxx The exemption from documentary stamp tax of NHA in connection with any of its socialized housing project extends to the other party (either seller or buyer) that deals or transacts with the NHA. Consequently, since NHA is a party to the sale, no documentary stamp tax shall be due on such sale, either on NHA or the party with which NHA is transacting. Accordingly, the transfer by NHA of its real properties in favor of member-beneficiaries is, likewise, exempt from the payment of documentary stamp tax under Section 196 of the Tax Code of 1997, as amended. (BIR Ruling No. 413-2011 dated October 28, 2011) Pursuant to Section 20 of RA 7279, a project contractor of a socialized housing project shall also be exempt from the payment of value-added tax (VAT) on the project concerned. Relative thereto, Section 4.109-1 (B) (1) (p) (3) of RR No. 16-2005 states that: "Section 4.109-1. VAT-Exempt Transactions . (A) In general. "VAT-exempt transactions" refer to the sale of goods or properties and/or services and the use or lease of properties that is not subject to VAT (output tax) and the seller is not allowed any tax credit of VAT (input tax) on purchases. xxx xxx xxx (B) Exempt transactions . (1) Subject to the provisions of Subsection (2) hereof, the following transactions shall be exempt from VAT: xxx xxx xxx (p) The following sales of real properties are exempt from VAT, namely: xxx xxx xxx (3) Sale of real properties utilized for socialized housing as defined under RA No. 7279, and other related laws, such as RA No. 7835 and RA No. 8763, wherein the price ceiling per unit is P225,000.00 or as may from time to time be determined by the HUDCC and the NEDA and other related laws. . . ." Furthermore, pursuant to HUDCC Resolution No. 1, Series of 2008, dated December 11, 2008, and as circularized by Revenue Memorandum Circular No. 30-2009, pertinent portion of which reads: "THEREFORE BE IT RESOLVED, AS IT IS HEREBY RESOLVED that the adjustment of the Low Cost Level 1-A socialized housing loan ceiling from P300,000.00 to P400,000.00 be APPROVED, as the same is hereby APPROVED." the newly adjusted price ceiling of P400,000.00 for socialized housing shall apply to sale of real properties utilized for socialized housing, as defined under R.A. No. 7279 otherwise known as "Urban Development and Housing Act", and other related laws such as R.A. No. 7835 otherwise known as the "Comprehensive and Integrated Shelter Financing Act of 1994" and R.A. No. 8763 otherwise known as the "Home Guaranty Act of 2000'', beginning January 1, 2009. Moreover, Section 2 of Revenue Regulations No. 17-2001 provides: Section 2. Definition of Terms. As used in these Regulations, the following terms shall have the following meaning: xxx xxx xxx "A socialized housing unit shall not exceed P150,000.00 (now P400,000.00) for a house and lot package, subject to periodic adjustment or increase as the Housing and Land Use Regulatory Board (HLURB) may effect from time to time. In the case of sale of homelots only, the price shall not exceed forty percent (40%) of the maximum limit prescribed for the house and lot package. " (Emphasis supplied) Thus, ITP Properties Corporation, being the contractor of a socialized housing project known as the AFP/PNP Housing Project Site in Brgy. Nazareth, Gen. Tinio, Nueva Ecija, is likewise exempt from the payment of VAT on the sale of lot valued at One Hundred Sixty Thousand Pesos (P160,000.00) and below, house and lot valued at Four Hundred Thousand Pesos (P400,000.00) and below, on its gross receipts from the land development of the socialized housing site and from the sale of developed lots to NHA. However, its purchases of goods/articles shall be subject to VAT, even if the said purchases are to be used for the socialized housing project, since VAT is an indirect tax which can be passed on by the seller of the goods/services. Moreover, it shall be understood that ITP Properties Corporation must issue non-VAT official receipts on its gross receipts from the said socialized housing project. Finally, it is understood that the Certificate Authorizing Registration (CAR) shall only be issued after it is established upon proper verification by the Revenue District Officer (RDO) concerned that, considering the rules on valuation of real property, the actual selling price per sale transaction of the units in this case does not really exceed P400,000.00 for house and lot packages and P160,000.00 for lot only for socialized housing project. Thus, sale of a unit above the maximum amount shall be subject to the corresponding internal revenue taxes. cTIESa This ruling is being issued on the basis of the foregoing facts as represented. However, if upon investigation, it will be ascertained that the facts are different, then this ruling shall be considered as null and void. Very truly yours, (SGD.) KIM S. JACINTO-HENARES Commissioner of Internal Revenue ANNEX A One Thousand Lots under Pcs-No. 03-019000 No Block Lot Lot Area (sq.m.) 1 Block 18 33 40.00 2 34 40.00 3 35 40.00 4 36 40.00 5 37 40.00 6 38 40.00 7 39 40.00 8 40 40.00 9 41 40.00 10 42 40.00 11 43 40.00 12 44 40.00 13 45 40.00 14 46 40.00 15 47 40.00 16 48 40.00 17 49 40.00 18 50 40.00 19 51 40.00 20 52 40.00 21 53 40.00 22 54 40.00 23 55 40.00 24 56 40.00 25 57 40.00 26 58 40.00 27 59 40.00 28 60 40.00 29 61 40.00 30 62 40.00 31 63 40.00 32 64 40.00 33 65 40.00 34 66 40.00 35 67 40.00 36 68 40.00 37 69 40.00 38 70 40.00 39 71 40.00 40 72 40.00 41 73 40.00 42 74 40.00 43 75 44.00 44 Block 21 1 45.00 45 2 45.00 46 3 40.00 47 4 40.00 48 5 40.00 49 6 40.00 50 7 40.00 51 8 40.00 52 9 40.00 53 10 40.00 54 11 40.00 55 12 40.00 56 13 40.00 57 14 40.00 58 15 40.00 59 16 40.00 60 17 40.00 61 18 40.00 62 19 40.00 63 20 40.00 64 21 40.00 65 22 40.00 66 23 40.00 67 24 40.00 68 25 40.00 69 26 40.00 70 27 40.00 71 28 40.00 72 29 40.00 73 30 40.00 74 31 40.00 75 32 40.00 76 33 40.00 77 34 40.00 78 35 40.00 79 36 40.00 80 37 40.00 81 38 40.00 82 39 45.00 83 40 45.00 84 Block 23 14 40.00 85 16 40.00 86 18 40.00 87 20 40.00 88 22 40.00 89 24 40.00 90 26 40.00 91 28 40.00 92 30 40.00 93 32 40.00 94 34 40.00 95 36 40.00 96 38 40.00 97 40 45.00 98 Block 59 2 42.00 99 4 40.00 100 6 40.00 101 8 40.00 102 10 40.00 103 12 40.00 104 14 40.00 105 16 40.00 106 18 40.00 107 20 40.00 108 22 40.00 109 24 40.00 110 26 40.00 111 28 40.00 112 30 40.00 113 32 40.00 114 34 40.00 115 36 40.00 116 38 40.00 117 40 40.00 118 Block 60 1 45.00 119 2 45.00 120 3 40.00 121 4 40.00 122 5 40.00 123 6 40.00 124 7 40.00 125 8 40.00 126 9 40.00 127 10 40.00 128 11 40.00 129 12 40.00 130 13 40.00 131 14 40.00 132 15 40.00 133 16 40.00 134 17 40.00 135 18 40.00 136 19 40.00 137 20 40.00 138 21 40.00 139 22 40.00 140 23 40.00 141 24 40.00 142 25 40.00 143 26 40.00 144 27 40.00 145 28 40.00 146 29 40.00 147 30 40.00 148 31 40.00 149 32 40.00 150 33 40.00 151 34 40.00 152 35 40.00 153 36 40.00 154 37 40.00 155 38 40.00 156 39 45.00 157 40 45.00 158 Block 61 1 44.00 159 2 40.00 160 3 40.00 161 4 40.00 162 5 40.00 163 6 40.00 164 7 40.00 165 8 40.00 166 9 40.00 167 10 40.00 168 11 40.00 169 12 40.00 170 13 40.00 171 14 40.00 172 15 40.00 173 16 40.00 174 17 40.00 175 18 49.00 176 19 40.00 177 20 40.00 178 21 40.00 179 22 40.00 180 23 40.00 181 24 40.00 182 25 40.00 183 26 47.00 184 27 50.00 185 28 40.00 186 29 40.00 187 30 40.00 188 31 40.00 189 32 43.00 190 33 60.00 191 Block 62 1 71.00 192 2 40.00 193 3 40.00 194 4 49.00 195 5 54.00 196 6 72.00 197 Block 63 1 45.00 198 2 45.00 199 3 40.00 200 4 40.00 201 5 40.00 202 6 40.00 203 7 40.00 204 8 40.00 205 9 40.00 206 10 40.00 207 11 40.00 208 12 40.00 209 13 40.00 210 14 40.00 211 15 40.00 212 16 40.00 213 17 40.00 214 18 40.00 215 19 40.00 216 20 40.00 217 21 40.00 218 22 40.00 219 23 40.00 220 24 40.00 221 25 40.00 222 26 40.00 223 27 40.00 224 28 40.00 225 29 40.00 226 30 40.00 227 31 40.00 228 32 40.00 229 33 40.00 230 34 40.00 231 35 40.00 232 36 40.00 233 37 40.00 234 38 40.00 235 39 40.00 236 40 40.00 237 41 40.00 238 42 40.00 239 43 40.00 240 44 40.00 241 Block 63 45 40.00 242 46 40.00 243 47 40.00 244 48 40.00 245 49 40.00 246 50 40.00 247 51 43.00 248 52 46.00 249 Block 90 2 40.00 250 3 40.00 251 4 40.00 252 5 40.00 253 6 40.00 254 7 40.00 255 8 40.00 256 9 40.00 257 10 40.00 258 11 40.00 259 12 50.00 260 13 50.00 261 14 50.00 262 15 50.00 263 16 40.00 264 17 40.00 265 18 40.00 266 19 40.00 267 20 40.00 268 21 40.00 269 22 40.00 270 23 40.00 271 24 40.00 272 25 40.00 273 26 40.00 274 27 40.00 275 28 40.00 276 29 40.00 277 30 45.00 278 31 48.00 279 Block 91 1 46.00 280 2 46.00 281 3 40.00 282 4 40.00 283 5 40.00 284 6 40.00 285 7 40.00 286 8 40.00 287 9 40.00 288 10 40.00 289 11 40.00 290 12 40.00 291 13 40.00 292 14 40.00 293 15 40.00 294 16 40.00 295 17 40.00 296 18 40.00 297 19 40.00 298 20 40.00 299 21 40.00 300 22 40.00 301 23 40.00 302 24 40.00 303 25 40.00 304 26 40.00 305 27 40.00 306 28 40.00 307 29 40.00 308 30 40.00 309 31 40.00 310 32 40.00 311 33 40.00 312 34 40.00 313 35 43.00 314 36 43.00 315 Block 92 1 45.00 316 2 45.00 317 3 40.00 318 4 40.00 319 5 40.00 320 6 40.00 321 7 40.00 322 8 40.00 323 9 40.00 324 10 40.00 325 11 40.00 326 12 40.00 327 13 40.00 328 14 40.00 329 15 40.00 330 16 40.00 331 17 40.00 332 18 40.00 333 19 40.00 334 20 40.00 335 21 40.00 336 22 40.00 337 23 40.00 338 24 40.00 339 25 40.00 340 26 40.00 341 27 40.00 342 28 40.00 343 29 40.00 344 30 40.00 345 31 40.00 346 32 40.00 347 33 40.00 348 34 40.00 349 35 44.00 350 36 44.00 351 Block 93 1 45.00 352 2 45.00 353 3 40.00 354 4 40.00 355 5 40.00 356 6 40.00 357 7 40.00 358 8 40.00 359 9 40.00 360 10 40.00 361 11 40.00 362 12 40.00 363 13 40.00 364 14 40.00 365 15 40.00 366 16 40.00 367 17 40.00 368 18 40.00 369 19 40.00 370 20 40.00 371 21 40.00 372 22 40.00 373 23 40.00 374 24 40.00 375 25 40.00 376 26 40.00 377 27 40.00 378 28 40.00 379 29 40.00 380 30 40.00 381 31 40.00 382 32 40.00 383 33 40.00 384 34 40.00 385 35 44.00 386 36 44.00 387 Block 94 1 45.00 388 2 45.00 389 3 40.00 390 4 40.00 391 5 40.00 392 6 40.00 393 7 40.00 394 8 40.00 395 9 40.00 396 10 40.00 397 11 40.00 398 12 40.00 399 13 40.00 400 14 40.00 401 15 40.00 402 16 40.00 403 17 40.00 404 18 40.00 405 19 40.00 406 20 40.00 407 21 40.00 408 22 40.00 409 23 40.00 410 24 40.00 411 25 40.00 412 26 40.00 413 27 40.00 414 28 40.00 415 29 40.00 416 30 40.00 417 31 40.00 418 32 40.00 419 33 40.00 420 34 40.00 421 35 44.00 422 36 44.00 423 Block 95 1 45.00 424 2 45.00 425 3 40.00 426 4 40.00 427 5 40.00 428 6 40.00 429 7 40.00 430 8 40.00 431 9 40.00 432 10 40.00 433 11 40.00 434 12 40.00 435 13 40.00 436 14 40.00 437 15 40.00 438 16 40.00 439 17 40.00 440 18 40.00 441 19 40.00 442 20 40.00 443 21 40.00 444 22 40.00 445 23 40.00 446 24 40.00 447 25 40.00 448 26 40.00 449 27 40.00 450 28 40.00 451 29 40.00 452 30 40.00 453 31 40.00 454 32 40.00 455 33 40.00 456 34 40.00 457 35 44.00 458 36 44.00 459 Block 96 1 45.00 460 2 45.00 461 3 40.00 462 4 40.00 463 5 40.00 464 6 40.00 465 7 40.00 466 8 40.00 467 9 40.00 468 10 40.00 469 11 40.00 470 12 40.00 471 13 40.00 472 14 40.00 473 15 40.00 474 16 40.00 475 17 40.00 476 18 40.00 477 19 40.00 478 20 40.00 479 21 40.00 480 22 40.00 481 23 40.00 482 24 40.00 483 25 40.00 484 26 40.00 485 27 40.00 486 28 40.00 487 29 40.00 488 30 40.00 489 31 40.00 490 32 40.00 491 33 40.00 492 34 40.00 493 35 44.00 494 36 44.00 495 Block 97 1 50.00 496 2 50.00 497 3 40.00 498 4 40.00 499 5 40.00 500 6 40.00 501 7 40.00 502 8 40.00 503 9 40.00 504 10 40.00 505 11 40.00 506 12 40.00 507 13 40.00 508 14 40.00 509 15 40.00 510 16 40.00 511 17 40.00 512 18 40.00 513 19 40.00 514 20 40.00 515 21 40.00 516 22 40.00 517 23 40.00 518 24 40.00 519 25 40.00 520 26 40.00 521 27 40.00 522 28 40.00 523 29 40.00 524 30 40.00 525 31 40.00 526 32 40.00 527 33 40.00 528 34 40.00 529 35 44.00 530 36 44.00 531 Block 98 1 50.00 532 2 59.00 533 3 40.00 534 4 40.00 535 5 40.00 536 6 40.00 537 7 40.00 538 8 40.00 539 9 40.00 540 10 40.00 541 11 40.00 542 12 40.00 543 13 40.00 544 14 40.00 545 15 40.00 546 16 40.00 547 17 40.00 548 18 40.00 549 19 40.00 550 20 40.00 551 21 40.00 552 22 40.00 553 23 40.00 554 24 40.00 555 25 40.00 556 26 40.00 557 27 40.00 558 28 40.00 559 29 40.00 560 30 40.00 561 31 40.00 562 32 40.00 563 33 40.00 564 34 50.00 565 35 50.00 566 Block 99 1 50.00 567 2 50.00 568 3 40.00 569 4 40.00 570 5 40.00 571 6 40.00 572 7 40.00 573 8 40.00 574 9 40.00 575 10 40.00 576 11 40.00 577 12 40.00 578 13 40.00 579 14 40.00 580 15 40.00 581 16 40.00 582 17 40.00 583 18 40.00 584 19 40.00 585 20 40.00 586 21 40.00 587 22 40.00 588 23 40.00 589 24 75.00 590 25 40.00 591 26 58.00 592 27 68.00 593 Block 100 1 50.00 594 2 40.00 595 3 40.00 596 4 40.00 597 5 40.00 598 6 40.00 599 7 40.00 600 8 40.00 601 9 40.00 602 10 40.00 603 11 40.00 604 12 40.00 605 13 40.00 606 14 40.00 607 15 40.00 608 16 40.00 609 17 40.00 610 18 40.00 611 Block 100 19 40.00 612 20 40.00 613 21 40.00 614 22 40.00 615 23 40.00 616 24 40.00 617 25 40.00 618 26 40.00 619 27 40.00 620 28 40.00 621 29 40.00 622 30 40.00 623 31 40.00 624 32 40.00 625 33 40.00 626 34 40.00 627 35 40.00 628 36 40.00 629 37 40.00 630 38 40.00 631 39 40.00 632 40 40.00 633 41 40.00 634 42 40.00 635 43 40.00 636 44 40.00 637 45 40.00 638 46 40.00 639 47 40.00 640 48 40.00 641 49 40.00 642 50 40.00 643 51 41.00 644 Block 101 1 50.00 645 2 50.00 646 3 40.00 647 4 40.00 648 5 40.00 649 6 40.00 650 7 40.00 651 8 40.00 652 9 40.00 653 10 40.00 654 11 40.00 655 12 40.00 656 13 40.00 657 14 40.00 658 15 40.00 659 16 40.00 660 17 40.00 661 18 40.00 662 19 40.00 663 20 40.00 664 21 40.00 665 22 40.00 666 23 40.00 667 24 40.00 668 25 40.00 669 26 40.00 670 27 40.00 671 28 40.00 672 29 40.00 673 30 40.00 674 31 40.00 675 32 40.00 676 33 40.00 677 34 40.00 678 35 50.00 679 36 50.00 680 Block 102 1 50.00 681 2 50.00 682 3 40.00 683 4 40.00 684 5 40.00 685 6 40.00 686 7 40.00 687 8 40.00 688 9 40.00 689 10 40.00 690 11 40.00 691 12 40.00 692 13 40.00 693 14 40.00 694 15 40.00 695 16 40.00 696 17 40.00 697 18 40.00 698 19 40.00 699 20 40.00 700 21 40.00 701 22 40.00 702 23 40.00 703 24 40.00 704 25 40.00 705 26 40.00 706 27 40.00 707 28 40.00 708 29 40.00 709 30 40.00 710 31 40.00 711 32 40.00 712 33 40.00 713 34 40.00 714 35 49.00 715 36 49.00 716 Block 103 1 50.00 717 2 50.00 718 3 40.00 719 4 40.00 720 5 40.00 721 6 40.00 722 7 40.00 723 8 40.00 724 9 40.00 725 10 40.00 726 11 40.00 727 12 40.00 728 13 40.00 729 14 40.00 730 15 40.00 731 16 40.00 732 17 40.00 733 18 40.00 734 19 40.00 735 20 40.00 736 21 40.00 737 22 40.00 738 23 40.00 739 24 40.00 740 25 40.00 741 26 40.00 742 27 40.00 743 28 40.00 744 29 40.00 745 30 40.00 746 31 40.00 747 32 40.00 748 33 40.00 749 34 40.00 750 35 49.00 751 36 49.00 752 Block 104 1 50.00 753 2 50.00 754 3 50.00 755 4 40.00 756 5 40.00 757 6 40.00 758 7 40.00 759 8 40.00 760 9 40.00 761 10 40.00 762 11 40.00 763 12 40.00 764 13 40.00 765 14 40.00 766 15 40.00 767 16 40.00 768 17 40.00 769 18 40.00 770 19 40.00 771 20 40.00 772 21 40.00 773 22 40.00 774 23 40.00 775 24 40.00 776 25 40.00 777 26 40.00 778 27 40.00 779 28 40.00 780 29 40.00 781 30 40.00 782 31 40.00 783 32 40.00 784 33 40.00 785 34 40.00 786 35 49.00 787 36 49.00 788 Block 105 1 50.00 789 2 50.00 790 3 40.00 791 4 40.00 792 5 40.00 793 6 40.00 794 7 40.00 795 8 40.00 796 9 40.00 797 10 40.00 798 11 40.00 799 12 40.00 800 13 40.00 801 14 40.00 802 15 40.00 803 16 40.00 804 17 40.00 805 18 40.00 806 19 40.00 807 20 40.00 808 21 40.00 809 22 40.00 810 23 40.00 811 24 40.00 812 25 40.00 813 26 40.00 814 27 40.00 815 28 40.00 816 29 40.00 817 30 40.00 818 31 40.00 819 32 40.00 820 33 40.00 821 34 40.00 822 35 49.00 823 36 49.00 824 Block 106 1 50.00 825 2 50.00 826 3 40.00 827 4 40.00 828 5 40.00 829 6 40.00 830 7 40.00 831 8 40.00 832 9 40.00 833 10 40.00 834 11 40.00 835 12 40.00 836 13 40.00 837 14 40.00 838 15 40.00 839 16 40.00 840 17 40.00 841 18 40.00 842 19 40.00 843 20 40.00 844 21 40.00 845 22 40.00 846 23 40.00 847 24 40.00 848 25 40.00 849 26 40.00 850 27 40.00 851 28 40.00 852 29 40.00 853 30 40.00 854 31 40.00 855 32 40.00 856 33 40.00 857 34 40.00 858 35 49.00 859 36 49.00 860 Block 107 1 45.00 861 2 45.00 862 3 40.00 863 4 40.00 864 5 40.00 865 6 40.00 866 7 40.00 867 8 40.00 868 9 40.00 869 10 40.00 870 11 40.00 871 12 40.00 872 13 40.00 873 14 40.00 874 15 40.00 875 16 40.00 876 17 40.00 877 18 40.00 878 19 40.00 879 20 40.00 880 21 40.00 881 22 40.00 882 23 40.00 883 24 40.00 884 25 40.00 885 26 40.00 886 27 40.00 887 28 40.00 888 29 40.00 889 30 40.00 890 31 40.00 891 32 40.00 892 33 40.00 893 34 40.00 894 35 44.00 895 36 44.00 896 Block 108 1 45.00 897 2 45.00 898 3 40.00 899 4 40.00 900 5 40.00 901 6 40.00 902 7 40.00 903 8 40.00 904 9 40.00 905 10 40.00 906 11 40.00 907 12 40.00 908 13 40.00 909 14 40.00 910 15 40.00 911 16 40.00 912 17 40.00 913 18 40.00 914 19 40.00 915 20 40.00 916 21 40.00 917 22 40.00 918 23 40.00 919 24 40.00 920 25 40.00 921 26 40.00 922 27 40.00 923 28 40.00 924 29 40.00 925 30 40.00 926 31 40.00 927 32 40.00 928 33 40.00 929 34 40.00 930 35 44.00 931 36 44.00 932 Block 109 1 45.00 933 2 45.00 934 3 40.00 935 4 40.00 936 5 40.00 937 6 40.00 938 7 40.00 939 8 40.00 940 9 40.00 941 10 40.00 942 11 40.00 943 12 40.00 944 13 40.00 945 14 40.00 946 15 40.00 947 16 40.00 948 17 40.00 949 18 40.00 950 19 40.00 951 20 40.00 952 21 40.00 953 22 40.00 954 23 40.00 955 24 40.00 956 25 40.00 957 26 40.00 958 27 40.00 959 28 40.00 960 29 40.00 961 30 40.00 962 31 40.00 963 32 40.00 964 33 40.00 965 34 40.00 966 35 45.00 967 36 45.00 968 Block 110 1 45.00 969 2 45.00 970 3 40.00 971 4 40.00 972 5 40.00 973 6 40.00 974 7 40.00 975 8 40.00 976 9 40.00 977 10 40.00 978 11 40.00 979 12 40.00 980 13 40.00 981 14 40.00 982 15 40.00 983 16 40.00 984 17 40.00 985 18 40.00 986 19 40.00 987 20 40.00 988 21 40.00 989 22 40.00 990 23 40.00 991 24 40.00 992 25 40.00 993 26 40.00 994 27 40.00 995 28 40.00 996 29 40.00 997 30 40.00 998 31 40.00 999 32 40.00 1000 33 40.00 Total Area (in sq.m.) 40,896.00 ======= Footnotes 1. Formerly TCT No. NT-307626, issued in the name of Sydney Claire M. Pajarillaga. 2. Formerly TCT No. NT-307627, issued in the name of Sydney Claire M. Pajarillaga. 3. Formerly TCT No. NT-307628, issued in the name of Sydney Claire M. Pajarillaga.