Hello All, An otp contract was signed May last year (in Vic), prior to any building coomencement. The base land value listed in the contract at signing was around 40K. For the purpose of this thread I have include in the attachment below the conditions in the contract relating to stamp duty. Based on the SRO victoria website, the duty payable is $710 on this amount. Now, I don't mind if the land value was an estimate and duty payable goes up (or down) a small degree, but the vendors solicitors have come back with an off the plan declaration showing that the dutiable value at purchase date was $211,750 - this comes up with a duty amount of approx $8500? I know this is wrong, I can accept if the base the value of the land at say upto 70-90K, but the higher amount is wrong. My conveyancer has agreed and has questioned the vendors solicitor, but nothing has come back. (My conveyancer has mentioned that duty can be calculated different ways, but I don't quite understand that, other than the only variable being the price of land at time of contract/sale. I do recall the land being purchased for ~660K, approx 2 yrs earlier, and considering that the development consists of 23 units, these equates to ~39K. So, what to do now? Is there anything in it for the vendors/solicitors to not respond and keep the dutiable value at a higher level. What if they do not respond as its getting close to settlement. The amount they have provide is wrong, and the reason for purchasing prior to any building works commencing was to have this saving. Tks.