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PROPERTY TRANSACTION FEES & DUTIES |
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Note: Fees might change, please check with the relevant
organisations or your lawyer for the latest fee
updates. |
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A. Legal
Fees for Sale and Purchase Agreement |
|
Legal fees for drawing up
the Sale and Purchase and completion of
transfer/assignment depends on the property value as
set out in the Sales and Purchase Agreement or the
market value as determined by Valuation Department.
The legal fee/solicitor's remuneration chargeable by
any law firm is fixed under the Legal Profession
Act. |
|
Legal fees for purchase
of a completed unit from individual/
public auction/ developer etc |
| |
Value of
property |
Legal fees |
|
i. |
1st
RM100,000 |
1% of
property
value |
|
ii. |
Next
RM4.9million |
0.5% of
property
value |
|
iii. |
Thereafter |
0.25% of
property
value |
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The formula for
calculating the above fee for property below
RM4.9mil is as follows:
Property Price x 0.5% + RM500.00 = Legal
fee. |
Stamping charges
RM10.00 per copy |
|
Legal fees for purchase
of a yet-to-be completed unit from
developer with a standard S&P Agreement |
| |
Value of
property |
Legal fees |
|
i. |
Below
RM30,000
(and
provided
classified
as
'low-cost') |
RM120 |
|
ii. |
RM30,001 -
RM100,000 |
1% less 25% |
|
iii. |
1st
RM100,000 |
1% of
property
value |
|
iv. |
Next RM4.9
million |
0.5% of
property
value |
|
v. |
Next RM5
million |
0.25% of
property
value |
|
vi. |
Next
RM10million |
Negotiable but not exceeding 0.25% of the excess amount of RM10 million |
|
Stamping charges
RM10.00 per copy |
|
Legal
fees for Loan
Documentation |
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For purchase of a completed unit from individual/ public auction/ developer etc |
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Principal Instruments (Loan Agreement): |
| |
Loan sum |
Legal fees |
|
i. |
1st RM100,000 |
1% of loan sum (min RM200) |
|
ii. |
Next RM4.9million |
0.5% of loan sum |
|
iii. |
Thereafter |
0.25% of property value |
|
|
For purchase of a yet-to-be completed unit from developer with a standard S&P Agreement |
| |
Loan sum |
Legal fees |
|
i. |
Below RM30,000 (and provided classified as 'low-cost' |
RM120 |
|
ii. |
RM30,001 - RM100,000 |
1% of loan sum less 25% |
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Stamping charges
RM10.00 per copy of agreement |
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C. Stamp
duties |
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Stamp Duty for
transfer of Property - Memorandum of Transfer/Deed
of Assignment |
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When a property is
transferred/assigned, Stamp Duty is borne by the
transferee/assignee. |
Stamp duty is based on:
-
the price paid for the property or its market
value, whichever is the higher. This is provided
for under the First Schedule to the Stamp Act,
1949.
-
The material date of valuation is the date of
execution of the Sale and Purchase Agreement,
otherwise it is the date of the execution of the
instrument of transfer/assignment.
|
| |
Value of
Property |
Stamp Duty |
|
i. |
On the first
RM100,000: |
1% |
|
ii |
On any
amount in
excess of
RM100,000
but not
exceeding
RM500,000: |
2% |
|
iii |
On any
amount in
excess of
RM500,000 |
3% |
|
Registration fees on transfer
Wilayah Persekutuan = RM100.00
Selangor = according to scale : |
|
|
Value |
Fees |
|
i |
RM50,000 |
RM50.00 |
|
ii |
RM50,001.00 - RM200,000.00 |
RM100.00 |
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iii |
RM200,001.00 - RM500,000.00 |
RM200.00 |
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iv |
RM500,001.00 - RM1,000,000.00 |
RM300.00 |
|
v |
Above 1 million |
RM500.00 |
(c) Adjudication fees on transfer : RM10.00
(d) Search fees : RM30.00 (Selangor)
(e) Lodgement of Private Caveat : RM80.00 (Selangor)
(f) Lodgement Withdraw of Private caveat : RM60.00 (Selangor)
(g) Lodgement Withdraw of Lien-holders caveat : RM80.00 (Selangor).
Charge
(a) Registration of charge : RM50.00 (Selangor)
(b) Stamp duty on charge : RM5.00 for every RM1,000.00 of the loan amount or 0.5% of loan amount.
(c) Stamp duty on copies of charge : RM10.00 flat per copy |
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Stamp duty for Loan Agreement |
Loan Agreement
(a) Stamp duty : RM5.00 for every RM1,000.00 of the loan amount or 0.5% of loan amount
(b) Loan Agreement with Power Of Attorney clause : additional RM10.00
(c) Registration of Power of Attorney at High Court : RM1.00 per printed page
(d) Stamp duty on copies of Loan Agreement : a flat RM10.00 per copy
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Stamp duty for Deed of Assignment
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Stamp duty : Nominal at RM10.00 |
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