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Calculating Stamp Duty & Legal Fees

stamp_duty

STAMP DUTY

S&P Stamp Duty Rates:

First RM100,000 = 1%
Next RM400,000 = 2%
Next RM1,500,000 = 3%
Above RM2,000,000 = 4%

For example:
Stamp duty for a RM850,000 house will cost
RM100,000 (0.01) = RM 1,000
+ RM400,000 (0.02) = RM 8,000
+ RM350,000 (0.03) = RM 10,500
Total : RM19,500

Loan Agreement Stamp Duty Rates:
Any Amount = 0.5%

Stamp duty for a RM850,000 house will cost
RM850,000 (0.005) =
Total : RM4,250


LEGAL FEES

First RM150,000 = 1%
Next RM850,000 = 0.7%
Next RM2,000,000 = 0.6%
Next RM2,000,000 = 0.5%
Next RM2,500,000 = 0.4%
Above RM7,500,000 = 0.3%

For example:
Legal Fees for a RM850,000 house will cost
RM150,000 (0.01) = RM 1,500
+ RM700,000 (0.007) = RM4,900
Total : RM6,400

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