Thailand Cuts Land Registration Fees To 0.01%
Thailand has slashed land registration fees to just 0.01 percent for property transfers and mortgages through June 2025, a move aimed at making home ownership more affordable and boosting the real estate sector.
The Ministry of Interior has announced a reduction in land transfer and mortgage registration fees to 0.01 percent to help citizens purchase homes and boost the real estate sector through June 30, 2025. Deputy Interior Minister Palpeer Suvannavee signed two ministerial announcements dated June 30, 2024, covering registration fees for residential and commercial properties under the Land Code, as well as condominium units under the Condominium Act.
The measure aims to ease the burden on citizens seeking to own homes and promote real estate transactions that benefit the national economy. The reduced 0.01 percent fee applies to transfers and mortgages of single houses, duplexes, townhouses, or commercial buildings, or land with such structures, with purchase prices and property valuations not exceeding 7 million baht and mortgage amounts not exceeding 7 million baht. The same 0.01 percent rate applies to condominium unit transfers and mortgages meeting the same financial criteria.
Income tax withholding, specific business tax, and stamp duty remain subject to rates set by law. The measure applies to Thai nationals and takes effect from July 1, 2024, through June 30, 2025, following Royal Gazette publication. The Land Department is prepared to serve citizens utilizing this measure to support home ownership and stimulate real estate activity, thereby maintaining economic stability and supporting the broader real estate sector and related businesses.
Additional information is available from Land Department offices nationwide or the department's hotline at 0 2141 5555.
