Stamp Duty Valuation

JK Valuation boasts extensive expertise in conducting stamp duty property valuations, which are crucial for accurately assessing market value to ensure that you do not pay more stamp duty than necessary. Each property valuation at JK Valuation undergoes thorough analysis to position our clients advantageously.

Our valuations comply with the standards required by relevant state authorities, including the State Revenue Office (SRO) of Victoria and Revenue NSW.

The SRO mandates a property valuation for stamp duty in several instances:

• 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.