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Property revaluations & Title Deed transfer costs

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Topgun

Post subject: Property revaluations & Title Deed transfer costs

Posted: Sat Oct 22, 2016 9:04 am

Rock Star

Joined: Fri Feb 08, 2013 9:40 am
Posts: 1242
Location: Tala

I am informed by my developer that my Title Deeds are now available, so I have started to update my knowledge of the process.

What struck me as a concern was that the AX number I had been given initially, had now been changed to one including a much more recent year (2016).

Am I correct in my assumption that it is probably a result of a 're-evaluation' of my property value following the review started in 2013 & that (unsurprisingly) the value will be significantly increased to the value in 1980, upon which the transfer fees were previously calculated?

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