Amendment status not verified — confirm the current text below against the official source.
Substituted by Act No.10 of 1976. [Act No. II of 1956] 219 to the said tax as they apply in relation to the duty chargeable under that Act. (3) No registering authority shall accept any instrument for registration unless the amount of transfer tax is paid in cash. (4) Every registering authority shall maintain an account of the transfer tax paid in respect of each instrument registered by him and a separate account showing the amount of the consideration, 281[the market value of the property], or the amount secured by a mortgage as the case may be. (5) The transfer tax collected under this Act shall be credited to the Municipal Fund. In the absence of an agreement to the contrary the transfer tax shall be paid by the person who is primarily liable for payment of the stamp duty in respect of the instrument executed. 282[262. [XXX]] Supplementary Taxation.