Thinking of purchasing property?
How much should you pay for the Legal Fee (Sale and Purchase Agreement and Loan Agreement) and Stamp Duty when you buy a property?
Legal Fee and Stamp Duty
Legal Fees for Sale and Transfer
| Value Of Property (RM) | Scale Fees |
| 1st RM 150,000 | 1% (subject to a min fee of RM300) |
| Next RM 850,000 | 0.7% |
| Next RM 2,000,000 | 0.6% |
| Next RM 2,000,000 | 0.5% |
| Next RM 2,500,000 | 0.4% |
| In Excess of RM 7,500,000 | Negotiable on the excess but shall not exceed 0.4% of such excess |
| Property Value | Stamp Duty Payable |
| 1st RM100,000.00 | 1% |
| In excess of RM100,000.00 but not exceeding RM500,000.00 | 2% |
| In Excess of RM500,000.00 | 3% |
Legal Fees for Financing/Security Documents
| Financed Amount (RM) | Scale Fees |
| 1st RM 150,000 | 1% (subject to a min fee of RM300) |
| Next RM 850,000 | 0.7% |
| Next RM 2,000,000 | 0.6% |
| Next RM 2,000,000 | 0.5% |
| Next RM 2,500,000 | 0.4% |
| In Excess of RM 7,500,000 | Negotiable on the excess but shall not exceed 0.4% of such excess |
