(1) No person responsible for the registration of any document for the transfer of any land, building, house, flat, apartment, or floor space under the Registration Act, 1908 (Act No. XVI of 1908) shall register any such document unless the developer Taxes are paid at fixed rates.

(2) In the case of collection of tax under this section, the rate of tax shall not exceed the following rates, namely:-

(a) Taka 1600 (one thousand six hundred) per square meter in case of building, house, flat, apartment, or floor space constructed or used for residential purposes,

(b) Taka 6500 (six thousand five hundred) per square meter if the building, house, flat, apartment, or floor space is not constructed or used for residential purposes,

(c) 5% (five percent) of the deed value is in respect to the land concerned with construction, house, flat, apartment, or floor space.

(3) For the purpose of this section, "developer or real estate developer" means a developer or real estate developer as defined in the Real Estate Development and Management Act, 2010 (Act No. 48 of 2010) and if any person performing functions similar to that of a developer or real estate developer; develops his own or another's land or constructs a structure, house, flat, apartment or floor space on his own or another's land; or if the owner of the land or the owner of the building, house, flat, apartment or floor space acts as a developer or co-developer, he shall also be included. 

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