Chiang Mai Property Transfer Day Costs — How to Calculate in Advance

Chiang Mai Property Transfer Day Costs — How to Calculate in Advance

Transfer day costs are often overlooked by first-time buyers, leading to insufficient funds on the actual day. This article covers every item and calculation formula in full.

The 4 Main Transfer Day Costs

1. Transfer Fee: 2% of appraised value — typically split equally between buyer and seller
Formula: Appraised value × 2%
Example: THB 3,000,000 appraised × 2% = THB 60,000 total (buyer pays THB 30,000)

2. Specific Business Tax (SBT): 3.3% — when seller held under 5 years
Formula: Higher of sale price or appraised value × 3.3%
Example: Sale price THB 4,000,000 × 3.3% = THB 132,000 (seller pays)

3. Stamp Duty: 0.5% — replaces SBT when seller held over 5 years with house registration
Formula: Higher of sale price or appraised value × 0.5%
Example: THB 4,000,000 × 0.5% = THB 20,000 (significantly lower than SBT)

4. Withholding Tax: Based on appraised value and years held — best calculated at the Land Department

Full Cost Examples

Example 1: Second-hand house, sale price THB 4M, appraised THB 3M, held under 5 years
Buyer's transfer day costs: approximately THB 30,000 (half of Transfer Fee)

Example 2: Condo, sale price THB 2.5M, appraised THB 2M, held over 5 years
Buyer's transfer day costs: approximately THB 20,000

Additional Costs if Using a Bank Loan

Mortgage registration fee: 1% of loan amount
Example: THB 2,000,000 loan × 1% = THB 20,000

Loan agreement stamp duty: 0.05% of loan amount (maximum THB 10,000)
Fire insurance: approximately THB 2,000-5,000/year (bank-required)

Transfer Day Preparation Checklist

1. Cash or cashier's cheque per agreed amount
2. Cash for buyer's share of Transfer Fee
3. Cash for mortgage registration (if using a loan)
4. Emergency reserve of THB 20,000-30,000

Free Transfer Cost Calculation from More Property CM

We provide free transfer day cost calculations for all clients before the actual transfer day.

MORE Value. MORE Trust. Always.
Contact us today for a free consultation:
Line: @morecm | www.morepropertycm.co.th
Aurakanya: +66 83-236-9428
Eknarin: +66 96-236-9745