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1.
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How is land premium payable based on DC rates computed?
(recent update)
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The formula for calculating land premium payable for remnant land based on DC rates1 is:
Land premium = Area of State Land x Master Plan GPR x DC Rate x 5/7 x Leasehold Factor (only applicable for leases that are 99 years or less)
Master Plan Gross Plot Ratio
Identify the Master Plan gross plot ratio and zoning from URA’s Master Plan.
Step by step guide on how to determine applicable DC rate
Step 1 – Determine Geographical Location of Subject Property
Find out from Streetmap
the major roads surrounding the subject property.
Next, identify the geographical sector number of the subject property from URA’s DC Sector Maps
with reference to the major roads.
Step 2
– Determine Use Group of the Subject Property
Identify the use group of the subject property from URA’s Use Group Tables e.g. residential (landed dwelling-house) comes under use group B1.
Step 3
– Determine applicable DC rate for the Subject Property
Determine the applicable DC rate for the subject property from URA’s Table of DC Rates. The DC rate applicable at the date of application will be used e.g. Table of DC rate with effect from 1 Mar 2008 shall apply for applications made between 1 Mar 2008 and 31 Aug 2008.
Once you have selected the appropriate Table of DC rate, match the geographical sector number of the subject property against the use group of the subject property to determine the applicable DC rate.
Leasehold Factor
Where remnant State lands are sold on a leasehold basis less than or equal to 99 years, the premium will be adjusted accordingly using the Leasehold Table.
Please refer to Change in Determination of Land Value for Remnant State Lands for more details.
1
For suitable cases not based on DC rates, the premium payable may be determined using other methods
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2.
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How do I lodge a Notice of Death to inform SLA of the death of a joint owner?
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The Notice of Death is to be lodged together with a Lodgment Form at the Singapore Land Authority, #12-01, No. 55 Newton Road, Revenue House, Singapore 307987 between 8.30 am and 1 pm, Mondays to Fridays.
Please note that the lodgment hours, by law, close at 1 pm sharp. As the peak hour for lodgment is from 11am to 1 pm, it is advisable to file your document before 11 am.
For a soft copy of the Notice of Death form, please click here: Notice of Death
For a sample of the completed form, please click here: Sample .
For a soft copy of the lodgment form, please click here: Lodgment Form.
The Notice of Death has to be filed together with the following documents:
a. Documentary Evidence
You will need to attach one of the following documents to show evidence of the death of your co-owner:
(i) a certified extract of the Death Certificate of the deceased; or
(ii) the original or a certified true copy of the Grant of Probate or Letters of Administration of the estate of the deceased.
b. Certificate of Title or Duplicate Lease
If you have not used your CPF funds or obtained a loan to purchase your property, the Certificate of Title or duplicate Lease will be in your possession and you must forward it with the Notice of Death.
If you have taken a loan from a Bank, finance company or HDB, and you are using funds from your CPF account, your Certificate of Title or duplicate Lease will be held by the Bank, finance company or HDB. You will therefore need to arrange with the respective Bank, finance company or HDB for the release of the Certificate of Title or duplicate Lease to you for the lodgment of the Notice of Death.
Note:
For duplicate Lease held by HDB, HDB will forward it directly to us and collect it after registration.
c. Production Form in accordance with Part 3 Item 19 of the Consolidated Practice Circulars 2003 When the Bank or finance company agrees to release the Certificate of Title or duplicate Lease to you, you are required to obtain a Production Form from them. This form is to be completed by both you and the finance company or the Bank. This form indicates:
(i) that you are allowed to use the Certificate of Title or duplicate Lease for the lodgment of the Notice of Death;
(ii) the party authorised to collect the Certificate of Title or duplicate Lease.
For a sample of the Production Form, please click here.
Important point to note:
If you are only using funds from your CPF account and have NOT taken any loan from a Bank, finance company or HDB, or if you have redeemed your loan, then the Certificate of Title or duplicate Lease will be in your possession.
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3.
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How do I notify the Registrar of Titles of my change of address for service of notices? How do I inform the Registrar of Titles that I have changed my particulars such as identification number or citizenship?
(recent update)
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To notify the Registrar of Titles of your change of address, identification number and/ or citizenship, please complete the Form For Change of Particulars. For a softcopy of the form, please click here: Form for Change of Particulars
It is not necessary to surrender your Title Document in order to update the change of address and/ or particulars. However, if you have the Title Document in your possession and have indicated in the form that you would like a new Title Document with the updated address and/ or particulars reflected, we would inform you as to when you may exchange your old Title Document for the new one. A fee is chargeable for the printing of the new Title document. Please provide us with your contact number so that we can reach you should we need any clarification.
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4.
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How can I make an application to buy a plot of remnant State land, which is adjoining my property, for redevelopment or extension of my garden compound?
(recent update)
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You can submit an application to buy a plot of remnant land to SLA. You can get the application form here. Alternatively, you can get the application form from SLA Customer Service Centre, located at 12th storey, 55 Newton Road, Revenue House, Singapore 307987.
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5.
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How is the price of the remnant land determined by closed tender?
(recent update)
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Effective from 18 Jul 07, a reserve price calculated based on a factor of 5/7 of the applicable Development Charge Rate from the Development Charge (DC) Table available on URA's website or based on Chief Valuer's advice (if the use does not fall squarely under the DC Table) will be quoted in the tender documents and site will be awarded to the highest bidder whose bid is at least equal to or higher than the reserve price.
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Last Update : 03 July 2009 |
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