How does the Land Department calculate fees for undervalued sale contracts?

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Ali Faizan Syed · Accepted Answer

For the purpose of calculating Fees, the DLD has the authority to verify the actual value of a property. If it is established that the value stated in a disposition contract is less than the market value, the DLD may independently assess the value. This also applies if false information is provided regarding the transaction. This ensures that registration charges are based on the prevailing market data rather than deceptive figures intended to evade the mandatory percentages required for legal ownership transfers.

How does the Land Department calculate fees for undervalued sale contracts?

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Ali Faizan Syed