John Tan is a certified property expert with over 15 years of experience in the Singapore real estate market.
This Property Stamp Duty Calculator helps you calculate the stamp duty you need to pay based on the purchase price or market value of your property.
Property Stamp Duty Calculator
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Property Stamp Duty Formula
Stamp Duty = (Purchase Price or Market Value) × Rate
Formula Source: IRAS Singapore
- Purchase Price: The agreed price for the property.
- Market Value: The appraised value of the property.
- Rate: The stamp duty rate based on the property value.
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What is Property Stamp Duty?
Stamp duty is a tax imposed by the government on the purchase of property or real estate. In Singapore, it is calculated based on the purchase price or the market value of the property, whichever is higher. This duty is payable to the Inland Revenue Authority of Singapore (IRAS).
How to Calculate Property Stamp Duty (Example)
- Step 1: Enter the purchase price and market value of the property.
- Step 2: Click on “Calculate” to compute the stamp duty.
- Step 3: View the detailed calculation steps below.
Frequently Asked Questions (FAQ)
How is stamp duty calculated in Singapore? The stamp duty is calculated based on the higher of the purchase price or market value of the property. For residential properties, the rate is 1% for the first $180,000, 2% for the next $180,000, and 3% for the remainder.
Can I pay stamp duty in installments? No, the stamp duty must be paid in full within 14 days of signing the sale and purchase agreement.
What happens if I don’t pay the stamp duty? If you fail to pay the stamp duty, the transaction may not be legally valid, and penalties may apply.