Section 9
SEC. 9. There shall be levied, assessed, collected, and paid during the next five years from the approval of this Act on every sale, exchange, transfer, or similar transaction intended to convey ownership of or title to any real property or rights thereto, a tax equivalent to two and a half (2-1/2%) per cent of the gross selling price of the real property or rights thereto, which shall be paid by the seller or transferor, except when the value of the property is ten thousand (PI 0,000) pesos or less. This tax shall not apply to transfers which are subject to tax under Title III of the National Internal Revenue Code.