(1) Where any property has been contracted to be sold for one consideration for the whole, and is conveyed to the purchaser in separate parts by difterent instruments, the consideration shall be appor tioned in such manner as the parties think fit, provided that a distinct consideration for each separate part is set forth in the conveyance relating thereto and such conveyance shall be chargeable with ad valvrcm duty in respect of such distinct consi- .._ deration.
(2) Wl~ere property contracted to be purchased for one consideration for the whole, by two or more persons JOintly, or by any person for himself and others, or wholly for others, is conveyed in parts by separate instruments to the persons by or for whom the same was purchased for distinct parts of the consideration, the conveyance of each separate part shall be chargeable with ad valorem duty in respect of the distinct part of the cons1deration therein specified.
(3) Where a person, havin,c; contracted for the purchase of any property but not raving obtained a conveyance thereof contracts to sell the same to any other person and the property is in consequence conveyed immediately to the sub-purchaser, the conveyance shdll be chargeable with ad valorem duty in respect of the considera1ion for the sale by the original purchaset to the sub-purchaser
(4) Where a person, having contracted for the purchase of any property but not having obtained a conveyance thereof, contracts to sell the whole or any part thereof to any other person or persons and the prOi)erty is in consequertce conveyed ..
• 137 by the original seller, to d1fterent persons in parts, the convey ance of each part sold to a sub-purchaser shall be chargeable with od z·olo1c1T• duty in respect only of the consideration paid by such sub-purchaser without regc1rd to the amount or value of the original consideration; and the conveyance of the residue, xf any, of such property to the original purchaser shall be charw~ablc vnth ad vator~m duty in respect only of the excess of the original consideration over the aggregate of the consider ations paiJ by the sub-purchasers:
Provided that the duty on ~uch last mentioned conveyance shall in no ca~c be les.,; than two rupees .
(5) Where a sub-purchaser takes an actual conveyance of the interec;t of the person immediately selling to him, which is chargeable with ad valorem duty in respect of the consideration paid by him and is duly stamped accordingly, and conveyance to be afterwards made to him of the same property by the CJrigin,tl seller ~hall be chargeable with a duty equal to that which would be chargeable on a conveyance for the consider atwn obtained by ~uch original seller, or where such duty would exceed ten rupees, with a duty of ten rupees E. Duty by whom payable.