Legal Fees Scale
Legal Fees For Sale And Purchase Of Property
Pursuant to the Solicitors’ Remuneration Order (Amendment) 2017, the scale of professional fees is as follows:
Sale & Transfer
Consideration or Adjudicated Value | Scale of Fees |
For the first RM500,000 | 1.0% (subject to a minimum fee of RM500) |
For the next RM500,000 | 0.8% |
For the next RM2,000,000 | 0.7% |
For the next RM2,000,000 | 0.6% |
For the next RM2,500,000 | 0.5% |
Where the consideration or adjudicated value is in excess of RM 7,500,000 |
Negotiable on the excess
(but shall not exceed 0.5% of such excess) |
Legal Fees For Loan Agreement
Charge, Debenture and other Security or Financing Documents
Amount Secured or Financed | Scale of Fees |
For the first RM500,000 | 1.0% (subject to a minimum fee of RM500) |
For the next RM500,000 | 0.8% |
For the next RM2,000,000 | 0.7% |
For the next RM2,000,000 | 0.6% |
For the next RM2,500,000 | 0.5% |
Where the amount secured or financed is in excess of RM 7,500,000 |
Negotiable on the excess (but shall not exceed 0.5% of such excess) |
For the principal instrument | Full scale fee |
For each subsidiary instrument within the meaning of s.4(3) Stamp Act 1949 | 10% of scale fee (subject to a minimum fee of RM300 and a maximum fee of RM1,200) |
Stamp Duty For Sale Of Property
Pursuant to the Stamp Act 1949, the stamp duty calculation for sale of property is as follows:
Consideration or Adjudicated Value | Ad Valorem Rate |
First RM100,000 | 1% |
Next RM400,000 | 2% |
Thereafter | 3% |
Stamp Duty For Loan Agreement
The stamp duty on loan agreement for the purchase of property is 0.5% of the loan value.