When purchasing a property there are several costs which need to be
taken into account which are over and above the purchase price. Make
use of the calculators to see a detailed breakdown of costs.
Transfer duty is a percentage of the purchase price levied by the
government and is payable to the Receiver of Revenue prior to the
transfer of a property.
It is calculated as follows:
|Companies, Trusts and CC’s
||- 8% of the purchase price
||- In the first R500 000 of purchase price – 0%
||- R500 001 to R1 000 000 – 5% R25 000
||- R1 000 001 and above – R25 000 + 8%
Conveyancing fees are the fees charged by the attorney
appointed by the seller to attend to the transfer of the property
to the purchaser. It is calculated as a percentage of the purchase
price plus VAT and is standard between all attorney firms.
The deeds office charges a fee of R500 per transaction
lodged with the Registrar.
Posts and Petties
A fee of R500 is charged by the attorney for extras
including Title Deeds searches, correspondence with parties to the
contract, liasing with attorneys linked to the transaction etc.
Bond Registration Costs
Bond registration fees are payable to the bond
registration attorney for attending to the registration of a bond.
It is calculated as a percentage of the bond to be registered, plus