How much we have to pay as a stamp duty for land purchase in sri lanka
Foreigners must pay 100% land tax when they buy property in Sri Lanka and Stamp duty is levied at 3% to 4% of the property value.
Sri Lankan citizens should pay Stamp duty is levied at 3% to 4% of the property value.
Stamp Duty: 3% – 4%
Land Tax: 100%
Property Survey Fee: 0.10%
Before pay stamp duty do we need to get a property valuation ?
Yes. We have to obtain a property valuation from qualified professional valuer to obtain the Market Value of the property before paying the stamp duty. In Sri Lanka The Professional Valuers are members of Royal Institution of Chartered Surveyors and Institute of Valuers of Sri Lanka.