Stamp Duty & Legal Fees For Purchasing A House 2021

The schedule below as a reference of stamp duty and legal fees when purchasing a house.

Professional Legal Fees:

For The First RM500,000.00 – 1.0% (Subject to a minimum fee of RM500.00)

For The Next RM500,000.00 – 0.80%

For The Next RM2,000,000.00 – 0.70%

For The Next RM2,000,000.00 – 0.60%

For The Next RM2,500,000.00 – 0.50%

2021 STAMP DUTY SCALE (From 1st July 2019)

Stamp duty Fee 1% : For First RM100,000

Stamp duty Fee 2% : RM100,001 To RM500,000

Stamp duty Fee 3% : RM500,001 and RM1,000,000

Stamp duty Fee 4% : >RM1,000,000

• Professional Legal Fees to be included 6% of SST.
• Disbursement Fees to be ranging of RM1000-RM1500.00 (based on estimation)

Loan Agreement Legal Fees Latest Update 2021

Professional Legal Fees:

For The First RM500,000.00 – 1.0% (Subject to a minimum fee of RM500.00)

For The Next RM500,000.00 – 0.80%

For The Next RM2,000,000.00 – 0.70%

For The Next RM2,000,000.00 – 0.60%

For The Next RM2,500,000.00 – 0.50%

Loan Stamp Duty

Total Loan Amount X 0.50%

• Professional Legal Fees to be included 6% SST of government tax.
• Disbursement Fees to be ranging of RM1000-RM1500.00 (based on estimation)

Reference: https://malaysiahousingloan.com/stamp-duty-legal-fees-purchasing-house/