I bought a unit of condo with RM771,000 Purchase Price.
Need to know how much the stamp duty and any rebate of stamp duty?
Thank you for visiting our website.
Pertaining to you question about stamp duty, i’m not sure you are asking for property or loan stamp duty. But, i will let you know both.
For property stamp duty, the table as follow:
First RM100,000 is 1%
Subsequent up to RM500,000 is 2%
Subsequent onwards is 3%
For more information about lawyer fees and stamp duty. You can click the following link.
But, i did the calculation for you.
First RM100,000 is 1% = RM100,000 x 1% = RM1000
Subsequent up to RM500,000 is 2% = RM500000 x 2% = RM10,000
Subsequent onwards is 3% = RM171000 x 3% = RM5130
The amount of property stamp duty is RM1000 + RM10,000 + RM5130 = RM16,130.00
For Home Loan stamp duty. The rate will be 0.50% of your Loan Amount.
If you are applying for a loan of RM771,000 x 90%= RM693,900.
The stamp duty will be RM693,900 x 0.50% = RM3469.50
For Purchase Price Around RM771,000, No rebate for stamp duty.
So, i hope the above answers all your queries about stamp duty.
And feel free to call us at +6012-6946746 if you need more information about home loan, lawyer fees or stamp duty.
We would love to help you!
So, have a nice day ahead!
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