Melbourne Stamp Duty Valuation Services
You will need a stamp duty valuation in Melbourne whenever you obtain a property. A tax is paid after buying or gaining ownership of a property. This tax is commonly known as Stamp Duty Tax or Land Transfer Duty Tax.
The amount of tax you need to pay will depend on the value of the property and how it is used. To pay the correct amount of tax, you first should have a stamp duty valuation. This must be completed by a certified independent valuer.
Stamp valuations must be true and accurate otherwise you may need to repay your duty or face penalties. Every stamp duty valuation report we have made, and all our property valuations for tax purposes, are evidence-based and heavily researched.
To ensure that all stamp duty valuations are accurate and true, our valuers thoroughly investigate a property. They will examine over 200 variables, both internal and external, that influence a property’s value. These variables include:
- The property’s size, its land usage, and its zoning restrictions
- Location details, including distance from local amenities
- The age of the property and its general condition
- Recent sales of comparable properties
- Extra features of the property including solar panels and landscaped outdoor areas
This investigation is combined with current market research to determine an accurate and true value of the property. Our valuers apply this method of valuation to all property types including, residential, rural commercial and industrial.
There are ways to be exempt from paying land transfer duty tax/ stamp duty, one example may be a related party transfer of a family farm. Consult the SRO on how you may be exempt.
Stamp Duty Valuations Melbourne
Stamp valuations in Melbourne must be conducted by an independent valuer, like the ones we provide at Vals VIC. Our valuation reports are based on objective information, they’re impartial, unbiased, and free from outside influences.
Vals VIC is highly regarded as industry professionals. We are one of the leading valuations firms in all of Victoria, providing our clients with reliably accurate reports. We’ve achieved this by only hiring the most experienced and qualified to join our team. Each of our valuers has had over 20 years of experience as a Certified Practising Valuer (CPV). With their years of experience, they have become specialists in their local areas and experts in the industry. If you had never had any experience with valuations before, our valuers can answer any questions and guide you through the entire process.
Our valuers are fully accredited by the Australian Property Institute (API) and are registered with the Royal Institution of Chartered Surveyors (RICS), with many also holding AVI qualifications. This robust accreditation, combined with over 20 years of industry experience, ensures that every valuation we produce meets the highest professional standards.
If you would like to know more or would like to request a quote for your stamp duty valuation, contact us today. Our friendly staff are always happy to assist. Contact us via our online enquiry form or call us on (03) 9020 1494.
Industry Qualifications
To keep our quality of work consistently high, Vals VIC holds memberships with the following professional associations:
