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Real Property Value Statutory Declaration - Duties-Form-3

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Description

Origin of this document

This document was created by the State Revenue Office of Victoria (SRO).  It can also be accessed through the SRO website (see under "Links" below).

Purpose of this document

According to the SRO, "This declaration may be used to evidence the dutiable value of land for transfers involving associated persons (natural persons and companies), or gifts or fractional interests or nominal consideration. This form should be used only if you are unable to provide a letter of appraisal by a licensed real estate agent or a sworn valuation by a certified practising valuer who is a member of the Australian Property Institute (API) or from a member of the Real Estate Institute of Victoria (REIV) with sworn valuer accreditation".

Completing this document

This document should be completed in accordance with the "Checklist of Documentary Evidence" and the "Explanatory Notes" attached to it.

Submitting this document

In most cases this document is submitted on behalf of transferee of real estate by the transferee's legal representative.

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