Question & AnswerQ&A (PRESIDENTIAL DECREE NO. 1418)
Presidential Decree No. 1418 further amends Section 114 (C) of Act No. 496, otherwise known as "The Land Registration Act", as amended by Republic Act No. 928, specifically increasing the fees payable to registries of deeds.
The Register of Deeds is authorized to collect fees for all services rendered under the Land Registration Act according to the prescribed schedule in Section 114 (C).
The fee is ten pesos for the first parcel of land described and five pesos for each additional parcel of land.
The fee is five pesos for each parcel of land affected by the annotation.
The fee for registering and filing such documents is twenty pesos, and five pesos for the annotation of such papers on certificates of title when required. A single fee is collected when certificate of allowance of a will and letters testamentary or letters of administration are filed together.
Fees are based on the value of the consideration according to a sliding scale, ranging from seven pesos for the first 500 pesos up to 1,162 pesos plus additional fees for values exceeding five hundred thousand pesos.
The fee is ten pesos including the duplicate, and if the certificate covers more than one parcel, an additional fee of five pesos is collected for each additional parcel or lot.
The basis of the fees in each registry of deeds is the sum for properties situated in the respective city or province after apportioning the total consideration and the unpaid mortgage balance in accordance with the current assessed values.
The fee is ten percent of the total amount of the obligation secured by the mortgage, apportioned by property location if situated in different cities or provinces, with special rules on partial releases.
The fee is fifty centavos for each one hundred words or fraction thereof contained in the copies furnished.