Stamp Duty Property Valuation
Adelaide Stamp Duty Valuer
If you want to know more as to how we can help you pay the right amount of Stamp Duty, not more, please give us a call. We have significant experience in this area and can assist you with working out the best approach to valuation issues by providing you with a purposeful accurate valuation figure. All our valuers are members of the Australian Property Institute (API), follow API’s best practice standards and provide quick turnaround times.
Frequently Asked Questions
Property transfers between family members or between related parties are considered as not being at the arms-length and non-market transaction. Because stamp duty is levied on the market value of the property you will need a market valuation.
It is our role to help you pay the right amount of stamp duty, hot higher, by providing you with an appropriate fit for purpose Stamp Duty Valuation that satisfies the requirements of the Commissioner of State Revenue.
Simple. We listen. We communicate with our clients on a one-to one, easy to understand basis.
We will converse with you to understand what it is that you want from a valuation. Once we establish your valuation requirement we will then take instructions and proceed to provide you with a well-researched, simple to understand and accurate report.
Since 1991 we have been listening and helping clients with their valuation requirements.
Our team at My Valuation are all qualified valuers with years of experience, members of the Australian Property Institute and bound by their professional practice standard, ethics and code of conduct.
A property valuation always starts with a site inspection during which the valuer will measure the property and collect relevant internal and external property information.
As we all know the best indication of value is what others have paid for a similar property in a similar location. So the most common method of valuing a property remains analysis of comparable properties sold in the locality.
In more complex cases there are other valuation methods such as simulation and normative modelling. Regarding these two we will be happy to discuss these other methods personally with you for your difficult to value property
Irrespective of the method used the valuation process should be holistic and must remain independent, logical and the outcome verifiable.
Valuers at My Valuation are skilled and experience and are able to draw in this expertise to provide valuations that are logical, internally consistent and transparent.
The cost of a valuation depends on what is being valued and the purpose for which the valuation is required. Our valuations start from $350 plus GST. Sometimes we charge for disbursement for items such as the cost of title and other Lands Title Office searches.
In all cases, we are very negotiable and will match any reasonable quote in addition to providing better quality service.
Our team of Valuers at My Valuation are all qualified valuers with years of experience and members of the Australian Property Institute. This means we are bound by the API’s high professional practice standard, ethics and code of conduct.
Valuation reports are generally very detailed and can run into several tens of pages based on your requirements. But generally a valuation report will include in a wholistic manner the following:
A confirmation of your instructions including importantly the purpose for which the valuation is required.
– Title and ownership details
– Zoning and land use controls
– Environmental details
– Description of location including location map and access to facilities and public transport.
– Site descriptions including dimensions and topography
– Description of improvements on the land including size, condition, any need repairs or renovations, photographs.
– Comparable sales
– Analysis of sales, valuation calculation and valuation
– Relevant assumptions and disclaimers.
Valuers at My Valuation are all qualified valuers with years of experience and members of the Australian Property Institute and bound by their professional practice standard, ethics and code of conduct.
Property appraisal is given by an agent and usually prepared at the request of an intending vendor. All vendors naturally are hopeful for the best possible price and hence appraisals tend to be inherently biased towards the upper end of the price range. More importantly an appraisal has no legal standing.
A valuation on the other hand is an independent and impartial assessment of a property value provided by a qualified valuer with the pre-requisite education and training. A valuer is a member of a professional body and bound by the professional practice standards and code of conduct of the professional body. A valuation has legal standing and therefore can be an expert report.
Valuers at My Valuation are all qualified valuers with years of experience and members of the Australian Property Institute. This means we are bound by the API’s high professional practice standard, ethics and code of conduct.