agreed price vs market value: ?

Hi all

Does anyone know more about this statement and what it entails?

“a price can be agreed between buyers and sellers as long as the stamp duty is paid based on the market price.”

I received this from a potential investor-buddy as we are both building up our research and knowledge base.

I would only fathom that market price would be derived from a valuation.

But then, I am scratching my head as to the price agreed vs the stamp duty paid based on market price.

Anyone who has insight into this – appreciate your advice.

thanks to everyone [evo]

rgds

Alex

Answers come from the courage to ask