Minimum Fee Scale for Valuation Assignments in Thailand |
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| A minimum fee scale for valuation assignments in Thailand (for valuation reports in Thai) was announced earlier. The fee scale will be used on a trial basis for one year, effective April 1, 2004. Mr. Wason Khongchantr, a director at the Thai Appraisal Foundation and a member of the ad hoc committee that drafted the fee scale, has created the following unofficial translation for your information: |
| No. |
Property Type |
Volume / Numbers |
Fee (in Baht) |
Note |
1 |
Vacant land |
1.1 Area less than 1 rai
1.2 Area 1-5 rai
1.3 Area 6-20 rai
1.4 Area 21-50 rai
1.5 Area 51-70 rai
1.6 Area 71-100 rai
1.7 Area over 100 rai
|
4,000
6,000
10,000
15,000
20,000
25,000
first 100 rai 30,000 |
For properties with no more than five (5) consecutive land title deeds; otherwise, an additional fee will be charged in accordance with No. 9 below |
2 |
Residential
properties
(individual units) |
2.1 Shophouses, townhouses, duplex (semi-detached)
2.1.1 One unit
2.1.2 2-10 units consecutively located
2.1.3 2-10 units scattered in the same project
2.1.4 Over 10 units
|
5,000
additional/unit 1,500
additional/unit 2,000
Fee in accordance with No. 4 |
|
|
|
2.2 Detached house (single / bungalow)
2.2.1 Area less than 70 sq.wah
2.2.2 Area 71-200 sq.wah
2.2.3 Area 201-400 sq.wah
2.2.4 Not over 3 rai
|
6,000
7,500
8,500
12,000 |
|
|
|
2.3 Residential / office condominium
2.3.1 Area less than 50 sq.metres
2.3.2 Area 51-100 sq.metres
2.3.3 Area 100-200 sq.metres
2.3.4 Area over 200 sq.metres
|
5,000
7,000
10,000
15,000 and over
|
In cases with more than
one unit, use the fee escalation in accordance with No. 2.1 |
3 |
By type of building |
3.1 Small-sized building
e.g. office, mini-factory, home office, or any similar building of no more than 5 stories
3.1.1 Area not more than 1,000 sq.metres
3.1.2 Area 1,001-3,000 sq.metres
3.1.3 Area 3,001-5,000 sq.metres
|
6,000
9,000
12,000 |
+ the fee for land where
the property is located in accordance with No. 1 |
|
|
3.2 Medium-sized building
e.g. apartment, hotel, condominium, office, hospital and the like with no more than 10 stories
3.2.1 Area not more than 5,000 sq.metres
3.2.2 Area 5,001-10,000 sq.metres
3.2.3 Area 10,001-20,000 sq.metres
3.2.4 Area 20,001-30,000 sq.metres
|
15,000
25,000
35,000
50,000
|
Add fee for land where
property is located in accordance with No. 1 |
|
|
3.3 Large-sized building (over 10 stories)
3.3.1 Area 30,000-50,000 sq.metres
3.3.2 Area over 50,000 sq.metres
|
70,000
100,000 |
|
4 |
By size
of the project |
4.1 Land subdivision project
4.1.1 Not over 50 plots
4.1.2 51-100 plots
4.1.3 101-200 plots
4.1.4 201-500 plots
4.1.5 Over 500 plots
|
20,000
30,000
40,000
50,000
75,000
|
|
| |
|
4.2 Land subdivision project with house for sale |
Baht 10,000 per house type + fee for land in No. 4.1 |
|
5 |
By size of non- residential bldg.(e.g. factory warehouse, farmhouse, and others) |
5.1 Area not over 500 sq.metres
5.2 Area 501-1,000 sq.metres
5.3 Area 1,001-3,000 sq.metres
5.4 Area 3,001-6,000 sq.metres
5.5 Area 6,001-9,000 sq.metres
5.6 Area 9,001-12,000 sq.metres
5.7 Area 12,001-15,000 sq.metres
|
2,000
3,000
4,000
5,000
6,000
7,000
8,000
|
Applicable to
each building |
6 |
Leasehold |
Properties No. 1-5 above |
Above fee + 20% |
|
7 |
Golf course |
7.1 Not over 18 holes
7.2 Over 18 holes |
150,000
200,000 |
Excluding land subdivision
around the golf course |
8 |
Machinery |
8.1 Registered machinery
8.1.1 Small-sized (length not over 2 metres)
8.1.2 Medium-sized (length not over 5 metres)
8.1.3 Large-sized (length over 5 metres)
|
500
1,000
1,500 |
1. Fee per one (1) unit
2. Discount applicable for
over 100 units of machine
3. Min. fee of Baht 7,000
|
|
|
8.2 Non-registered machinery |
Fee as in No. 8.1 + 50% |
|
|
|
8.3 Machinery in a line (process) of production
8.3.1 For small-sized industry
8.3.2 For medium-sized industry
8.3.3 For large-sized industry
|
20,000 per line |
|
9 |
Certification of
Land / condo.
title certificates |
9.1 For 6-50 certificates
9.2 For 51-100 certificates
9.3 Over 100 certificates |
100 / certificate (copy)
150 / certificate (copy)
200 / certificate (copy) |
Applicable to properties
with five (5) certificates
and over |
10 |
Transportation |
10.1 Distance not over 150 kilometres
10.2 Distance 151-300 kilometres
10.3 Distance 301-500 kilometres
10.4 Distance 501 kilometres and over
|
3,000
5,000
8,000
10,000 |
1. For properties located
outside the Bkk Metro Reg.
2. Applicable to a single
assignment |
Notes: 1. This minimum fee is exclusive of the Value Added Tax of 7%
2. Applicable to a valuation report in Thai of no more than two (2) copies
3. Applicable to properties with correct / exact location identification
4. Applicable to properties fully furnished with all necessary information for valuation
5. For a second valuation of the same property or for an appraisal review not more than three (3) years old,the fee will be discounted to 60%; otherwise, the full minimum fee will be applicable
6. Area converter, 1 rai = 1,600 sq.metres, 0.395369 acre | 1 sq.wah = 4 sq.metre
7. Money converter, see the Bank of Thailand www.bot.or.th |
* This translation is an unofficial version conducted by Mr. Wason Khongchantr, a director at the Thai Appraisal Foundation and member of the ad-hoc committee of the Valuers Association of Thailand created to draft this fee scale. |
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