Information on Transfers and Registration fees

Are you a property owner and thinking of buying or selling a property, whether residential, industrial or commercial? In2assets, the commercial and industrial property marketing specialists have detailed the new fees in respect of the transfer and registrations of property, according to the Deeds Office.

 Information on Transfers and Registration fees

Are you a property owner and thinking of buying or selling a property, whether residential, industrial or commercial? In2assets, the commercial and industrial property marketing specialists have detailed the new fees in respect of the transfer and registrations of property, according to the Deeds Office.

The fees were published in the Government Gazette of 28 February (No. 40649, Notice No. R.2175) and are effective from the 01st April 2017.  In2assets confirm that the increases for the registration of transfers and bonds according to the Schedule of Fees of Office were prescribed by regulations 84 and 86 of the Deeds Registries Act No 47 of 1937.

The fees for registering a transfer and a bond are as follows:

Schedule of Fees of Office

For the registration of-

(a) A transfer of which the purchase price / value of property, whichever is the greater

Item

R

(i)

does not exceed R100 000

35,00

(ii)

exceeds R100 000 but does not exceed R200 000

75,00

(iii)

exceeds R200 000 but does not exceed R300 000

465,00

(iv)

exceeds R300 000 but does not exceed R600 000

580,00

(v)

exceeds R600 000 but does not exceed R800 000

815,00

(vi)

exceeds R800 000 but does not exceed R1 000 000

930,00

(vii)

exceeds R1000 000 but does not exceed R2 000 000

1 050,00

(viii)

exceeds R2 000 000 but does not exceed R4 000 000

1 275,00

(ix)

exceeds R4 000 000 but does not exceed R6 000 000

1 750,00

(x)

exceeds R6 000 000 but does not exceed R8 000 000

2 100,00

(xi)

exceeds R8 000 000 but does not exceed R10 000 000

2 445,00

(xii)

exceeds R10 000 000 but does not exceed R15 000 000

2 920,00

(xiii)

exceeds R15 000 000 but does not exceed R20 000 000

3 505,00

(xiv)

exceeds R20 000 000

4 675,00

 (b) a bond of which the capital amount - 

Item

R

(i)

does not exceed R150 000

360,00

(ii)

exceeds R150 000 but does not exceed R300 000

400,00

(iii)

exceeds R300 000 but does not exceed R600 000

580,00

(iv)

exceeds R600 000 but does not exceed R800 000

810,00

(v)

exceeds R800 000 but does not exceed R1 000 000

935,00

(vi)

exceeds R1000 000 but does not exceed R2 000 000

1 050,00

(vii)

exceeds R2 000 000 but does not exceed R4 000 000

1456,00

(viii)

exceeds R4 000 000 but does not exceed R6 000 000

1 765,00

(ix)

exceeds R6 000 000 but does not exceed R8 000 000

2 100,00

(x)

exceeds R8 000 000 but does not exceed R10 000 000

2 455,00

(xi)

exceeds R10 000 000 but does not exceed R15 000 000

2 923,00

(xii)

exceeds R15 000 000 but does not exceed R20 000 000

3 510,00

(xiii)

exceeds R20 000 000 but does not exceed R30 000 000

4 090,00

(xiv)

exceeds R30 000 000

5 845,00

 

 

 

 

In2assets are specialists in the commercial property industry and are well established in the fields of property auction and brokering/letting.  Should you require assistance with the sale of your commercial or industrial property, please contact us on 0861 444769 or www.in2assets.com

Posted by In2Assets