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| Patong Land for Sale |
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| Advertise you Patong Business for Lease or Sale. We List Bars, Guesthouses, Hotels, Beauty Saloons, Massage Shops, Restaurants, Retail Shops, Shop Houses, Tailors, Tour Counters, and other Patong Businesses for Lease and Sale |
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| Patong Land for Sale - 8 1 / 2 Rai |
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| Advertise you Patong Business for Lease or Sale. We List Bars, Guesthouses, Hotels, Beauty Saloons, Massage Shops, Restaurants, Retail Shops, Shop Houses, Tailors, Tour Counters, and other Patong Businesses for Lease and Sale |
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| Patong Land for Sale - 8 1 / 2 Rai |
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| Advertise you Patong Business for Lease or Sale. We List Bars, Guesthouses, Hotels, Beauty Saloons, Massage Shops, Restaurants, Retail Shops, Shop Houses, Tailors, Tour Counters, and other Patong Businesses for Lease and Sale |
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The basic principles of purchase are:-
Foreigners CANNOT purchase land freehold.
Current Thai Law prohibits a non Thai from purchasing the freehold title, as a foreigner legally you can only purchase land Leasehold with a term of 30 years which can be extended.
What will it Cost
Land prices vary greatly on the island because of the diverse differences the most expensive will be beach land which can range from 10 to 30 million Baht per rai, inland land stabilizes a little more but depending on sea view, golf course view or in the back of beyond ranges from 250,000 to 10 million per rai.
Labour and local building material costs are low, but imported materials would cost more than many would expect.
Land Titles
Chanote or true title deeds are accurately surveyed, plotted in relation to national survey grid and also marked by unique numbered market posts set in the ground.
Nor Sor Sam or Nor Sor Sam Kor (N.S.3.) in general are less accurately surveyed than Chanote titles. They are, however, to all practical purposes land Title deeds in as much as clear records of ownership are maintained, and that they may be sold, leased, used as mortgage collateral etc.
As regards all other titles, it is neither possible to register a sale or lease over these land rights, nor will a bank accept them as collateral-and most importantly you cannot apply for (or obtain) approval to build on such land.
Measurement of Land
1 Rai = 4 Ngan (or 1600 sq m)
1 Ngan = 100 Wah (or 400 sq m)
1 Wah = 4 sq m
1 Acre = 2.5 Rai (approx.)
1 Hectare = 6.25 Rai (appox.)
Metric measures are usually used in the construction and measurement of buildings. Land price are usually expressed in Baht per Rai or (for smaller plots) Baht per Wah.
Zoning Restrictions in Phuket. From a single residence construction perspective, the only zones you will find significantly restrictive are land less than 50 metres from the sea shore (where single storey and maximum 25% ground coverage apply) and hillside land (where you may not exceed 8 metres building height)
Property Tax
Property tax (or rates), so long as a property is being used for private residential purposes, do not apply. However, upon ownership transfer, there are costs. These fall info four potential categories
Transfer Fees 2%
Stamp Duty 0.5%
Business Tax 3.3%
Income Tax (the Thai equivalent to capital gains tax-a variable rate).
Most of the fees are calculated relative to the government’s tax assessment value of the property and this value is well below market value.
For residential sales, expect the total fees and taxes to work out to be approximately 2-3% of the property market value and typically these |
