Practice question
Unassessed land is valued through the prescribed sworn declarations, but the court finds during hearing that the declared figure is too small. A registrant says93 makes the private declaration conclusive against the court. Which is correct?
- 93 expressly preserves the court’s power to increase the valuation on that showing
- Every declaration conclusively binds the court
- The court must reduce the value further
- The declaration cancels every contribution
- Only the registrant may evaluate adequacy
Legal references
- PD1529 Property Registration Decree: https://lawphil.net/statutes/presdecs/pd1978/pd_1529_1978.html Sections93–94, statutory contribution and investment framework; not an all-in registration-fee quotation.
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