New Land Registry Fees Order Commencing 1st December 2012
On 28 September, 2012, the Land Registration (Fees) Order 2012 was signed by the Minister for Justice and Equality. This Order revokes the Land Registration (Fees) Order 1999 and introduces new fees for Land Registry services.
The Land Registration (Fees) Order 2012 also introduces new bands for the relevant fees relating to the consideration (value) of transfers on sale and includes details of fees for new services which are now offered by the PRA.
In general, fees for registrations and services which previously cost €25 and €85 will increase to €40 and €130 respectively. While direct comparisons of the scale fees are not possible due to a redrawing of the value bands, the registration fee on the transfer of an average priced house, based on current CSO information, will be €600 in the context of the new fees order.
The PRA is obliged by legislation to charge fees at an appropriate level to cover costs of the provision of services. It should be noted that there has been no increase to Land Registry fees since 1999.
The Fees Order will come into operation on 1st December 2012