Amendment to Sec. 114 of Act No. 496 (The Land Registration Act)
ACT NO. 3315, enacted on December 3, 1926, amends Section 114 of the Land Registration Act to establish a new fee schedule for clerks of courts and registers of deeds. The amendment states that when the value of an encumbrance or real right is not specified in a contract, the registration fees will be based on the current assessed value of the affected property. This change aims to clarify the basis for determining registration fees in cases where the property value is indeterminate. The Act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 3315
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 3, 1926
ACT NO. 3315
AN ACT TO AMEND SECTION ONE HUNDRED AND FOURTEEN OF ACT NUMBERED FOUR HUNDRED AND NINETY-SIX, ENTITLED "THE LAND REGISTRATION ACT," AS AMENDED, FIXING A NEW SCHEDULE OF FEES FOR CLERKS OF COURTS AND REGISTERS OF DEEDS
SECTION 1. Section one hundred and fourteen of Act Numbered Four hundred and ninety-six, entitled "The Land Registration Act," as amended, is hereby further amended by inserting at the end thereof, the following additional clause:
"Notwithstanding the rates hereinabove provided, in all other contracts where the actual value of the encumbrance or real right sought to be registered is not fixed in the contract or cannot be determined from the terms thereof, the basis for fixing the registration fees shall be the assessed value during the current year of the property affected."
SECTION 2. This Act shall take effect upon its approval.
Approved, December 3, 1926.
Cite This Law
Amendment to Sec. 114 of Act No. 496 (The Land Registration Act), Act No. 3315, Dec 3, 1926 (Philippines)
Amendment to Sec. 114 of Act No. 496 (The Land Registration Act), Act No. 3315 (Phil. 1926)
Related Laws
- Amendment to Sec. 55 of Act No. 496 (The Land Registration Act)Act No. 3322 • Dec 4, 1926 • Statutes
- Amendment to Sec. 58 of Act No. 496 (The Land Registration Act)Act No. 4029 • Dec 8, 1932 • Statutes
- Amendment to Sec. 29 of Act No. 496 (Land Registration Act)Act No. 3901 • Nov 17, 1931 • Statutes
- Amendment to Act No. 496 (Land Registration Act)Act No. 3796 • Dec 3, 1930 • Statutes
- Amendments to Act No. 496 (The Land Registration Act)Act No. 3300 • Dec 2, 1926 • Statutes
- The Land Registration ActAct No. 496 • Nov 6, 1902 • Statutes
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