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PROPERTY TRANSACTION FEES & DUTIES

Note: Fees might change, please check with the relevant organisations or your lawyer for the latest fee updates.

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
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

For purchase of a completed unit from individual/ public auction/ developer etc

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%
Stamping charges
RM10.00 per copy of agreement

C. Stamp duties

Stamp Duty for transfer of Property - Memorandum of Transfer/Deed of Assignment
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

 iii

RM200,001.00 - RM500,000.00

 RM200.00

 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

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
 
Stamp duty for Deed of Assignment
Stamp duty : Nominal at RM10.00
 

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National House Buyers Association (HBA)

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Tel: 03-21422225 | 012-3345 676 Fax: 03-22601803 Email: info@hba.org.my

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