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Hi Guru, Can you shed some lights on how to calculate Stamping Duty for HDB house buying? It is just urgent and your help is much appreciated.
Example Figures:
Val: 400K
COV: 20K
As far as I understand, (420000 * 0.03) - 5400 = 7200
Is it correct?
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1 Answer

Christopher Ng 吴锦钊
Replied
Hi Mike,

The formula you used is a short cut applicable when computing stamp duty for properties with transaction prices above $360,000.

The unabridged version is as follows:

1% for first $180,000 - $1,800
2% for second $180,000 - $3,600
3% for subsequent $60,000 - $1,800

Total : $7,200 Read More
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