Property purchase & mortgage calculator
Buying a home in Sri Lanka involves upfront capital beyond the asking price: 4% stamp duty, 1% legal conveyancing, bank valuation, and your equity down payment. Calculate your total cash required and monthly loan installments.
Current: Rs 45M (Rs 45,000,000)
Legal, taxes & closing costs
Upfront cash required
Closing cashDown payment (20%)
Required upfront
Rs 9,000,000
Stamp duty on transfer (4%)
3% on 1st 100k, 4% on balance
Rs 1,799,000
Notary & Legal conveyancing (1%)
Deed execution & title check
Rs 450,000
Bank valuation & title search
Estimated bank & registry fees
Rs 50,000
Total cash at closing
Rs 11,299,000
Monthly loan installment
20 yrs @ 12%Rs 396,391 / month
Loan Principal
Rs 36M
Total Interest Payable
Rs 59.1M
Share this estimate
Send this purchase cost & EMI breakdown to family, co-buyers, or your bank.
Frequently asked 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.
This is general information, not legal or tax advice. Browse properties for sale in Sri Lanka →