If an action in which the only claim or claims endorsed on the writ –

(a) is or are for the recovery of –

(i) a sum of money, whether by way of debt, liquidated demand or unliquidated damages; or

(ii) land; or

(iii) a chattel; or

(iv) any 2 or more of the claims set out in subparagraphs (i) , (ii) and (iii) ; and

(b) involves a total sum of money and value of property that does not exceed $20 000 –

any fees and percentages payable in respect of the action are to be reduced to one-half of those specified in Schedule 2 .