A valuation fee is payable according to the Fifth Schedule of the Stamp Duties Act.
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Valuation fees

The valuation fees for applications received by IRAS on and after 15 Aug 2019 are as follows:

 Subject matter of instrumentFee (effective 15 Aug 2019)

1. Any immovable property –

a. sold under Part 4 of the Housing and Development Act; or

b. falling under Part 4B of the Housing and Development Act and treated as sold under Part 4 of that Act

$100

2. Any strata unit comprised in a strata title plan registered under the Land Titles (Strata) Act

$300

3. Any of the following immovable property not falling under item 1 or 2:

a. factory*;

b. landed dwelling house*;

c. shophouse;

d. warehouse*

$1,070 

 4. Any –

a. immovable property not falling under item 1, 2 or 3; or

b. vacant land,

where the Chief Valuer determines the value of such immovable property or vacant land to be $20 million or less

$2,290

5. Any -

a. immovable property not falling under item 1, 2 or 3; or

b. vacant land,

where the Chief Valuer determines the value of such immovable property or vacant land to be more than $20 million

$5,255

 

*Notes for Item 3

“factory” excludes any factory which is used wholly or in part for any of the following purposes or industries:

       (a) petrochemical;
       (b) pharmaceutical;
       (c) ship building or ship repair;
       (d) treatment of sewage, water or waste;
       (e) concrete batching;
       (f) temporary storage or transit of oil, gas or liquid;
       (g) district cooling;
       (h) water fabrication;
       (i) aeronautical;
       (j) power-supply generation;

“landed dwelling house” means any of the following types of houses used wholly or mainly for the purpose of human habitation:
      (a) detached house;
      (b) semi-detached house;
      (c) terrace house;

“warehouse” means a building where storage is the principal use and where no business is transacted other than incidentally to such storage.


 

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