Property Basic : Lawyer/Legal Fees – How it is calculated?
The calculation for lawyer/legal fees is based on the purchase price of the property. Table below shows breakdown of legal fees according to purchase price.
Property Purchase Price Scale of Fees (%) Estimated Legal Fees 1% with a minimum of RM300 Between RM300 - RM1,500 0.7% Between RM1,501 - RM7,450 0.6% Between RM7,451 - RM19,450 0.5% Between RM19451 - RM29450 0.4% Between RM29,451 - RM39,450 Between RM39,450 and above
Between RM0 - RM150,000
Between RM150,001 - RM1,000,000
Between RM1,000,001 - RM3,000,000
Between RM3,000,001 - RM5,000,000
Between RM5,000,001 - RM7,500,000
Above RM7,500,000 Negotiable subject to a minimum of 0.4%
Example 1
Property Price: RM250,000
First RM150,000 : RM150,000 x 1% = RM1,500
Next RM100,000 : RM100,000 x 0.7% = RM700
Total legal fees = RM1,500 + RM700 = RM2,200
Example 2
Property Price: RM1,500,000
First RM150,000 : RM150,000 x 1% = RM1,500
Next RM850,000 : RM850,000 x 0.7% = RM5,950
Next RM500,000 : RM500,000 x 0.6% = RM3,000
Total legal fees = RM1,500 + RM5,950 + RM3,000 = RM10,450
Note: This is only the calculation for the legal fees and not for any other charges that is chargeable during the transaction of the property.
Popularity: 3% [?]
Good Info..
Double Thumbs Up!!
Pensil(Quote)
thanks…good info. hopefully no more “loyarr buruk” from lawyer…
jiming(Quote)
ni charge lawyer utk sales and purchase aggrement ke utk legal fees kita ngan bank?
man(Quote)
man, utk kedua-duanya…cuma kalau S&P/SPA, charge dikira ikut harga beli…kalau loan bank, ikut MOF if not mistaken
Khairul(Quote)
Fi Peguam
RM150,000 pertama – 1%
RM150,001 hingga RM850,000 – 0.7%
RM850,001 hingga RM2,000,000 – 0.6%
Selepas RM 2,000,000 – 0.5%
Harga Duti Stem
RM100,000 pertama – 1%
RM100,001 hingga RM500,000 – 2%
Selepas RM500,000 – 3%
Lain-lain
Fi Setem (Setiap dokumen) – RM10
“Adjudication Fee” – RM10
Akuan Bersumpah – RM30-RM50
Carian Tanah – RM60-RM120
Fi Pendaftaran – RM100
man(Quote)
Contoh :
Rumah Harga Beli : RM60,000
Fi peguam = 1% (RM600)
Duti Setem = 1% (RM600)
Carian Tanah = RM100
Akuan Bersumpah = RM50
Carian Bankrupt = RM50
Pengesahan Pemaju = RM50
Perbelanjaan lain = RM200
“Adjudicate” = RM10
Total kat sini je dah sampai RM1,660….wow…ini baru Memorandum of Transfer sahaja..belum masuk Loan Documentation.
So sila semak quotation drpd lawyer bila nak beli rumah. Sebelum beli, minta quotation dan compare. Tak semestinya murah, peguam tu boleh buat kerja. Aku dah belajar drpd pengalaman. Member pun boleh makan member….sakit hati dibuatnya.
man(Quote)
ya, setuju dgn man pasal fees lawyer yg murah…sy prefer lawyer yg bile kite mintak diskaun, dia kata yg dia memang tak bagi diskaun, tapi promoise servis terbaik…and at the end, memang diorang ni perform
Khairul(Quote)
Ni caj lawyer S&P kan?
Camne pengiraan lawyer utk loan agreement?
budak kecil(Quote)
cara kira utk loan agreement sama je…yg beza, kalau S&P kira guna purchase price…loan agreement guna loan amount (biasanya 90% dari purchase price)
Khairul(Quote)
BANKING FACILITY OF RM 263,330.00
(A) FACILITY AGREEMENT
- Stamp duty on Original = RM 1,320.00
- Stamp duty on 3 copies thereof = RM 30.00
- Stamp duty on Letter of Offer = RM 20.00
- Preparation on Letter of Undertaking to Refund = RM 50.00
- Stamp duty on Letter of Undertaking to Refund = RM 10.00
- Preparation on Statutory Declaration = RM 100.00
- Stamp duty on 2 Statutory Declaration = RM 20.00
- Affirmation fee on Statutory Declaration = RM 16.00
- Search fee on Master Title = RM 60.00
- OA search on Borrower(s)/Purchaser(s) = RM 24.00
- OR and CCM search on Developer = RM 80.00
- ELDS fees = RM 150.00
- Miscellaneous disbursement = RM 50.00
- Printing charges = RM 50.00
- Transport, postage, telephone, charges and other incidentals not specifically mentioned herein = RM 250.00
- Legal Fees = RM 2,293.31
- 5% Government Services Tax of Legal Fees = RM 114.66
Total Item A = RM 4,637.97
(B) ASSIGNMENT
- Stamp duty on Original and 3 copies thereof = RM 40.00
- Miscellaneous disbursement = RM 50.00
- Legal fees = RM 229.33
- 5% Government Service Tax of Legal Fees = RM 11.46
Total Item B = RM 330.79
(C) POWER OF ATTORNEY
- Stamp duty on Original & 3 copies thereof = RM 40.00
- Registration fee on Power of Attorney at High Court = RM 100.00
- Miscellaneous disbursement = RM 50.00
- Legal Fees = RM 229.33
- 5% Government Services Tax of Legal Fees = RM 11.46
Total Item C = RM 430.79
Grand Total (Item A, B and C) = RM 5,399.55
Utk kes diatas, jumlah yang mana layak utk 50% exemption?
budak kecil(Quote)
if i’m not mistaken, yg subject to 50% discount is only the stamp duty… tapi kalau ada few copies.. not sure. now baru stage SNP, so my lawyer cakap stamp duty bleh reduce 50%..
ira(Quote)