What is a stamp duty valuation?
A stamp duty valuation assesses a property’s market value at a specified date to support a transfer-duty matter. The report provides valuation evidence; the revenue authority and your adviser determine how the duty rules apply to the transaction.
Propti coordinates valuation enquiries for residential, commercial and land transfers. Tell us the state or territory, the type of transaction and who requires the report so the scope can be checked before you proceed.
Why the transfer price may not be enough
Related-party transfers, gifts and transactions that do not reflect an open-market sale may require further evidence of value. In NSW, Revenue NSW explains that dutiable value is the higher of the purchase price and market value. Duty rules differ between jurisdictions, and concessions or exemptions depend on the circumstances.
Confirm the applicable evidence requirements with your solicitor, conveyancer or revenue authority. Avoid ordering a report based only on a generic label such as “OSR valuation”. The recipient, required date and property interest need to be identified.
What the valuation should address
- The property and interest being assessed.
- The instructed purpose, valuation date and intended report users.
- Property characteristics and condition relevant to that date.
- Comparable sales and other market evidence used in the assessment.
- The valuation reasoning, assumptions and limitations.
Inspection requirements and reporting detail depend on the assignment. An older transaction may need a retrospective valuation, using evidence about the property and market at the earlier date.
Documents to send with your request
Provide the address, state, proposed or completed transaction date, ownership details and your adviser’s instructions. Include the contract or transfer documents, relevant title information, plans and tenancy details where applicable. Tell us about earlier renovations or other changes if the required date is in the past.
For coordinating an ownership restructure, see property transfer valuations. A related CGT valuation may require different instructions.
Check the state’s evidence requirements first
Include the property’s jurisdiction and your conveyancer’s written instructions with the enquiry. Revenue NSW and Victoria’s State Revenue Office publish different evidence guidance. A report prepared for lending is not automatically suitable for duty.
Transferring only part of a property?
Specify the interest being transferred instead of simply asking for a value of the house. Provide the transaction documents and have the adviser confirm the required interest, date and purpose. If CGT advice is also needed, confirm that brief separately with the accountant before assuming one report can serve both assignments.
Frequently asked questions
Is an online estimate sufficient?
Do not assume it meets the evidence requirements. Ask the relevant authority or your adviser what form of evidence is acceptable for your transaction.
Which date should the report use?
Have your adviser confirm the relevant date. The date you order the report is not necessarily the date that must be valued.
Will the report guarantee revenue authority acceptance?
No acceptance can be guaranteed. The report must match the actual instructions and evidence requirements. Request a quote with those requirements attached or described.