Chief Land Registrar's Report

Efficiency

Achieve progressively improving performance targets set by the Lord Chancellor so that high quality services are delivered promptly and at lower cost to users.

Real terms cost per unit at year end - £21.33 (down by 9%)
The milestone is £23.95. This is an improvement of 30.4% since establishment as a Trading Fund, (cost per unit components having been adjusted to take account of the change in the basis of calculation).

Corresponding cash terms figure - £26.67
The milestone is £29.95.