A valuation fee is payable accordingly 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 Instrument | Fee (effective 15 Aug 2019) |
|---|---|
1. Any immovable property – (a) sold under Part 4 of the Housing and Development Act; or | $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 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.