Stamp Duty
I want to
buy_property_in_sri_lanka sell_property_in_sri_lanka
let lease_property_in_srilanka
properties_online_in_sri_lanka_srilanka
photo serach
Enter bhoomi.lk property ID to view more photos of listed properties...
(094) 77 2 467 272 - For professional buying and Selling of Real Estate in Sri Lanka

Stamp Duty

Stamp Duty on Purchasing a Property

Stamp duty payable to the relevant Provincial Councils under Stamp Duty Act No.43 of 1982 - Extraordinary Gazette No.1439/3 dated 03.04.2006

 

[A] Deed of Transfer (except Gift and Conveyance by Executor, Administrator or Trustee to a Beneficiary or by an Order of Court in matrimonial proceedings)

(i)

where the value of the property is Rs.100,000/- or less For every Rs.100/-

or part thereof of the value

 

3.00

(ii)

where the value of the property exceeds Rs.100,000/-

For every Rs.100/- of the value not exceeding Rs.100, 000/-

3.00

 

And
For every Rs.100/- or part thereof of the value exceeding

Rs.100,000/-

4.00

 

[B] Deed of Gift

(i)

where the value of the property is Rs.50,000/- or less
For every Rs.100/- or part thereof of the value

3.00

(ii)

where the value of the property exceeds Rs.50,000/-
For every Rs.100/- of the value not exceeding Rs.50,000/

3.00

 

And
For every Rs.100/- or part thereof of the value exceeding

Rs.50,000 /-

2.00


[C] Deed of Exchange

(i)

for exchange of any property otherwise than between co-heirs

  1. If of equal value, the stamp duty as on a conveyance of such property at the market value thereof
  2. If of unequal value, the same duty as on the conveyance of a property which is of the Higher Value at the market value thereof

 

 

(ii)

for exchange of any property between co-heirs

  1. If of equal value, Rs.10.00
  2. If of unequal value (where pecuniary consideration for equality is given), the same duty as on the conveyance of a property the value of which is of equal to the Difference in the market value of the properties exchanged

 

 

 

Stamp Duty payable to the Central Government under Stamp Duty (Special Provisions) Act No.12 of 2006 – Extraordinary Gazette No.1465/19 dated 05.10.2006

 

[D] Indenture of Lease

 

For every Rs.1000/- or part thereof of the aggregate lease including and premium payable for the whole term of the lease agreement

 

Rs.10/-

 

Provided that where the term of the lease exceeds 20 years the aggregate lease payable for the whole term of the lease shall be deemed to be the aggregate of the lease payable for the first 20 years of such term

 

 

 

Exemption – Any instrument relating to a lease of any building where such lease payment does not exceed Rs.5000/- per month.

 

 

[E] Mortgage Bond

 

Any mortgage for any definite and certain sum of money affecting any property

 

 

For every Rs.1,000/- or part thereof

Rs.1/-

 

Exemption – Any deed of mortgage executed in respect of any loan for Rs.3 Mn or less taken for the;

 

 

  1. construction of a house,
  2. or purchase of a house or of a site for the construction of a house

 

 

where the mortgage is any commercial or specialized bank licensed by the Monetory Board under Banking Act No.30 of 1988, any finance company registered under the Finance Company Act No.78 of 1988, any institution registered under the Co-operative Societies Law No.5 of 1972, any public corporation, any provident fund approved by the Commissioner General of Inland Revenue for the purposes of the Inland Revenue Act No.4 of 1963 or No.28 of 1979 or No.38 of 2000 or No.10 of 2006 or any other institution approved by the Minister in charge of the subject of Housing.

 


 
BIMSARA-GEOGRAPHICAL-AREA-OF-OPERATION
Our promise to both buyers and sellers is that we hold and command the most comprehensive data base of both buyers and sellers in our geographical area of operation. This enables us to offer our buyers the best matching properties for your specifications. Buyer satisfaction is the key for the seller to get the best possible price.
To truly deliver this promise our valuable clients, we employ various ethical techniques unique to our own. Right at the moment we are active only in the following towns and suburbs.

We hold and command the most comprehensive data base of both buyers and sellers in our geographical areas of operation. This enables us to offer our buyers the best matching properties as per their specifications.

Presently we are active only in the following towns and suburbs.

Nawala Nugegoda
Embuldeniya Colombo 3
Rajagiriya
Mirihana Madiwela Colombo 4
Battaramulla
Ethulkotte Thalawathugoda Colombo 5
Pelawatta Pitakotte
Kohuwala Colombo 7
Battaramulla-Koswatta
Beddagana Pepiliyana Colombo 8

Terms of Use | Privacy Policy | Legal Disclaimer
Alrights Reserved 2010 © Safetynet Pvt Ltd.
web solution by : JoomlaSriLanka