“How much is the cost of Sale and Purchase Agreement And Stamp Duty?”
It’s the question that every home buyer will ask before purchasing a house.
Unfortunately, no one will know the correct answer until the buyer gets all the property information from the seller.
Despite that, there is another rule of thumb that can be used for estimation or reference; it’s not going to have a big gap from the actual amount.
The cost of Sale and Purchase Agreement And Stamp Duty is about 3-4% from the actual Purchase Price.
If you are adding with the 10% downpayment amount, that will come to a total of 13-14%.
Here’s is a few examples; we based on the actual lawyer quotation as a reference.
But, the below calculations are on estimation and for reference only. The SPA quote based on the following information:
1. Property is in Kuala Lumpur
2. Freehold without restriction
3. Individual title
4. Malaysian
5. One name in the SPA.
May varied if the information is different.
Property Purchase Price: RM300,000
10% Deposit : RM30,000
SPA Lawyer Fees: RM4,406
Stamp Duty: RM5,000
Total: RM39,406
% : 13.13%
Property Purchase Price: RM400,000
10% Deposit : RM40,000
SPA Lawyer Fees: RM5,406
Stamp Duty: RM7,000
Total: RM52,406
% : 13.10%
Property Purchase Price: RM500,000
10% Deposit : RM50,000
SPA Lawyer Fees: RM6,406
Stamp Duty: RM9,000
Total: RM65,406
% : 13.08%
Property Purchase Price: RM600,000
10% Deposit : RM60,000
SPA Lawyer Fees: RM7,206
Stamp Duty: RM12,000
Total: RM79,206
% : 13.20%
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Quotation For
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SALE AND PURCHASE AGREEMENT MALAYSIA
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LOAN AGREEMENT MALAYSIA
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TRANSFER OF PROPERTY MALAYSIA
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TRANSFER OF PROPERTY BY LOVE AND AFFECTION MALAYSIA
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AUCTION PROPERTY MALAYSIA
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SELLER QUOTATION FOR SUB SALE PROPERTY MALAYSIA
Thank you for the Fee info. I would like to question about, purchase a property from the developer with 20% deposit and loan successful with 90%. So, the lawyer fee will be deduct from the loan or we need to pay in cash direct to the lawyer office?
Hi Uma,
There is an extra 10% on your loan, you need to check with your banker why and what’s the extra 10% loan for. You can check with your lawyer and banker for lawyer fees matter.
Hope it’s help, thanks?