(1) Any person responsible for the registration of a document for the transfer of any land, structure, house, flat, apartment or floor space under the provisions of the Registration Act, 1908 (XVI of 1908) shall not register the document of the transfer unless tax is paid by the developer or the real estate developer at such rate as may be prescribed.

(2) In case of collection of tax under this section, the rates of tax shall not exceed—

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

(b) Taka 6500 (six thousand and five hundred) per square meter in case of structure, house, flat, apartment or floor space not constructed or used for residential purpose;

(c) 5% (five per cent) of the deed value in respect of land appurtenant to the structure, house, flat, apartment or floor space.

(3) For the purpose of this section, “developer or real estate developer” means developer or real estate developer as referred to in the Real Estate Development and Management Act, 2010 (Act No. XLVIII of 2010) and shall also include any person who develops land for himself or others, or constructs structure, house, flat, apartment or floor space on his own land or on the land of others by performing similar activities of developer or real estate developer; or owner of land or owner of structure, house, flat, apartment or floor space when he acts like a developer or a co-developer. ]