Refinancing : Transfer : Buying : Wollondilly and the NSW Conveyancing Centre

Wollondilly and the NSW Conveyancing Centre

Stamp Duty

STAMP DUTY

Stamp duty is payable on the contract and, in some cases, on the mortgage.

The duty payable on the contract is calculated on the sale price, the higher the price the higher the duty. It is the purchaser's responsibility to pay the stamp duty and this must be done either on settlement or within three months from the date of exchange, whichever is the earliest.

The scale of duty payable on the contract is:


Stamp Duty

Property Value not exceeding $14,000
Rate of Duty is $1.25 per $100 with a minimum of $10.00

Property Valued between $14,000-$30,000
Rate of Duty is $175.00 plus $1.50 per $100 in excess of $14,000

Property Valued between $30,000- $80,000
Rate of Duty is $415.00 plus $1.75 per $100 in excess of $30,000

Property Valued between $80,000 - $300,000
Rate of Duty is $1,290.00 plus $3.50 per $100 in excess of $80,000

Property Valued between $300,000- $1,000,000
Rate of Duty is $8,990.00 plus $4.50 per $100 in excess of $300,000

Property Valued Over $1,000,000
Rate of Duty is $40,490.00 plus $5.50 per $100 in excess of $1,000,000

Property Valued Over $3,000,000.00 For residential Property
Rate of Duty is plus 7% of that part exceeding $3,000.000.00


Plus the following:

  • Duplicate contract $10.00
  • Transfer $10.00

For more information on stamp duty including mortgage stamp duty and first home buyer exemption, please see http://www.osr.nsw.gov.au


ABN: 59 520 587 360 - Licensee: Nicole Garner - License No: 1102080

DISCLAIMER: The contents of this web site are for informative purposes only and should not be relied upon or construed as legal advice.