apt

Purchase cost calculator

Buying takes more than the price: transfer duty, the notary, the bank's valuation and your down payment. Here's all of it, and the monthly loan.

Renting instead? Move-in cost calculator →
Quick pick
Loan length
Costs to include
Cash you need at the deedRs 11,299,000
  • Down payment, 20%Rs 9,000,000
  • Stamp duty on transferRs 1,799,000
  • Notary and legal fees, 1%Rs 450,000
  • Bank valuation and title searchRs 50,000
Send it to whoever you're buying with
Monthly loan instalmentRs 396,391On Rs 36,000,000 over 20 years at 12%. Rs 59.1M paid in interest over the loan.

Questions

How much is stamp duty on property purchases in Sri Lanka?

Under the Provincial Council stamp duty laws, property conveyancing attracts 3% on the first Rs 100,000 and 4% on the balance of the consideration/market value. On a Rs 45,000,000 apartment, stamp duty is approximately Rs 1,799,000.

What is the typical legal and notary fee for buying real estate?

The standard Bar Association guideline for conveyancing deeds of transfer is approximately 1% of the property value plus incidental administrative expenses. Your lawyer will conduct title searches going back at least 30 to 40 years to guarantee clear ownership.

What is the minimum down payment for a housing loan in Sri Lanka?

Most commercial banks in Sri Lanka (Commercial Bank, HNB, Sampath, Nations Trust, Seylan, BOC) require a minimum equity down payment of 20% to 30% of the property's assessed bank valuation.

What is CMA approval and why does it matter for condominiums?

The Condominium Management Authority (CMA) issues the Certificate of Conformity (COC) and Deed of Declaration. Without a CMA-registered deed of declaration, individual condominium unit titles cannot be formally issued or mortgaged by commercial banks.

Can foreigners buy real estate in Sri Lanka?

Foreign nationals can purchase condominium apartments from the 4th floor upwards without paying the 100% Land Transfer Tax that otherwise applies to freehold land purchases by non-citizens.

What documents are required to apply for a bank housing loan?

Lenders typically require: the Title Deed copy, approved Building Plan, Survey Plan (less than 10 years old), Certificate of Conformity (COC), local authority street line and non-vesting certificates, 30-year extract of encumbrances from the Land Registry, salary slips or audited business accounts, and 6 months of bank statements.

General information, not legal or financial advice. Banks set their own rates and terms. Browse homes for sale