(a) Intimation regarding the amount payable quarterly to the municipality concerned and to the Fund in respect of the instruments referred to in sub-rules (a) and (b) of rule 5 shall be sent by the District Registrar at the headquarters of the Revenue District and in respect of Chennai City, the administrative District Registrars of the City of Chennai to the Inspector-General of Registration, Chennai, within one month after the expiry of each quarter.
(b) Intimation regarding the amount of deduction on account of the collection of the transfer duty to be credited to the Government, shall, at the same time, be sent by the District Registrar at the headquarters of the Revenue District and administrative District Registrars of the City of Chennai to the Inspector-General of Registration, Chennai. The intimation sent by the District Registrars and administrative District Registrar shall contain the particulars of the amount payable to each municipality, to the Fund and that to be adjusted to the Registration Department distinctly and separately.
(c) A deduction of three per cent of the transfer duty paid shall be made, on account of the charges for the collection of transfer duty and the amount of refunds referred to in rule 5 (d), if any.
(d) After deduction of three per cent of the collection charges and the amount of refunds referred to in rule 5(d), if any, as specified in sub-rule (c), fifty per cent shall be payable to the concerned municipality and the balance fifty per cent shall be payable to the Fund.
(e) In calculating the net amount payable to each municipality and to the Fund, the net amount shall be rounded off to the nearest rupee.