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Stamp Duty Property Valuations

Sovereign Valuations is experienced in undertaking property valuations for stamp duty purposes. An accurate assessment of market value is imperative to ensuring you do not pay any more stamp duty than required. Each property valuation undertaken by Sovereign Valuations undergoes extensive analysis, putting our clients in the best position possible.

Stamp duty property valuation reports undertaken by our firm comply with relevant state authority requirements including those of the State Revenue Office (SRO) in Victoria and Revenue NSW in New South Wales.

The SRO stipulates a property valuation is required for stamp duty in the following circumstances:

  • You are given property as a gift.

  • You purchase property from a friend, an associated person or an associated entity.

  • You purchase property at a discounted price or for some form of non-monetary consideration.

  • Your purchase involves a fractional interest in property.

  • You purchase property in connection with a business for a total sum of more than $1 million.

  • The purchase price of your property is equal to or less than the property’s current capital improved value for rating purposes.

The SRO advises a property valuation for stamp duty must be undertaken by a valuer accredited with the Australian Property Institute (API) and can be dated as at any date within six months of the transfer date.

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FAQs

  • A stamp duty (transfer duty) valuation is required whenever duty is assessed on the unencumbered market value of a property rather than the contract price. Common triggers include transfers between related parties, transfers for no or nominal consideration, gifts, transfers between family members, in-specie transfers into or out of self-managed superannuation funds, trust vestings and corporate restructures, and transfers of property under a deceased estate or partnership dissolution. A valuation may also be required where the relevant state revenue authority queries the dutiable value of a transaction.

  • We provide stamp duty valuations accepted by all relevant state revenue authorities, including Revenue NSW, the State Revenue Office Victoria, the Queensland Revenue Office, RevenueSA, and the Western Australian Office of State Revenue.

  • Stamp duty (transfer duty) is calculated on the dutiable value of the property, which is typically the greater of the purchase price and the unencumbered market value. Rates vary by state and territory and by property type. An independent valuation from a CPV is commonly used to establish the unencumbered market value where the contract price is not the basis of assessment.

  • Stamp duty valuations start from A$400 + GST for standard residential properties. We provide fixed-fee quotes within one business day.

  • Standard desktop valuations are delivered within 24–48 business hours. If you have an urgent deadline, please advise us at the time of enquiry and we will expedite your request where possible.

  • Yes. Each state and territory has its own transfer duty legislation, rates, concessions and exemption thresholds. Our valuers are familiar with the requirements in NSW, Victoria, Queensland, South Australia and Western Australia.