Property Advice

Wednesday 9 March 2011

Guideline on Cost for Legal Fee & Stamp Duty for House Purchase

STAMP DUTY ON MOT
VALUE:

FIRST RM100,000-00 OR BELOW
1%
RM100,001-00-RM499,999-00
2%
RM500,000-00 AND ABOVE
3%



REGISTRATION FEES ON MOT (WILAYAH PERSEKUTUAN KL LANF OFFICE) = RM100-00 (IRRESPECTIVE OF VALUE)
REGISTRATION FEES ON MOT (SELANGOR LAND OFFICE)
VALUE:

RM50,000-00 OR BELOW
RM50-00
RM50,001-00 – RM200,000-00
RM200-00
RM200,001-00 – RM500,000-00
RM400-00
RM500,001-00 – RM1,000,000-00
RM500-00
RN1,000,001-00 OR ABOVE
RM1,500-00

PROFESSIONAL FEES BY LAWYER (Does not include Disbursement fee)
VALUE:

FIRST RM150,000-00 OR BELOW
1%  (MININUM FEE IS RM300-00)
RM150,001-00 – RM1,000,000-00
0.7%
RM1,000,001-00 – RM3,000,000-00
0.6%
RM3,000,001-00 – RM5,000,000-00
0.5%
RM5,000,001-00 – RM7,500,000-00
0.4%
> RM7,500,000-00
NEGOTIABLE BUT SHALL NOT EXCEED 0.4%

Example of Disbursements :
Stamp duty on Receipt and Reassignment
Revocation on Power of Attorney
Registration fee for Consent to Transfer
Certified Title for Consent to Transfer
Application for Consent to Transfer
Stamp duty on Statutory Declaration
Affirmation fee on Statutory Declaration
Land Search
Bankruptcy Search
Printing / Photostating / Telephone / Fax / Postage / Transport
Miscellaneous
 Prices are for guideline only,SUBJECT TO CHANGE.

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