Randburg Real Estate

For the love of property

Deeds Office Fees Increase from 01 September 2010


The Deeds Office fees are to increase from 1 September 2010 as set out in the Government Gazette of 27 February (No. 33413 Notice No. R659). These are the fees charged by the Deeds Registry in order to process the actual registration of a Mortgage Bond or Transfer and is levied as a disbursement payable by the Purchaser to the conveyancing attorney who on turn pays it to the Registry. The Deeds Office fees on Transfer and Bonds will be increasing with the exception of Deeds Office fees for Transfer below R150 000,00. The changes will be as follows:

How Are These Fees Changed?

Registration of Transfers

Prior to 01/09/ 2010

After 01/09/2010

Less than R150 000 R70, 00 R70, 00
Above R150 000 not exceeding R300 000 R300, 00 R350, 00
Above R300 000 not exceeding R500 000 R400, 00 R450, 00
Above R500 000 not exceeding R1 000 000 R500, 00 R550, 00
Above R1 000 000 not exceeding R2 000 000 R600, 00 R650, 00
R2 000 000 not exceeding R3 000 000 R800, 00 R850, 00
Above R3 000 000 not exceeding R5 000 000 R1000, 00 R1050, 00
Above R5 000 000 R1200, 00 R1 250, 00

 

Registration of Mortgage Bond

Prior to 01/09/2010

After 01/09/2010

Less than R150 000 R260, 00 R310, 00
Above R150 000 not exceeding R300 000 R300, 00 R350, 00
Above R300 000 not exceeding  R500 000 R400, 00 R450, 00
Above R500 000 not exceeding R1 000 000 R500, 00 R550, 00
Above R1 000 000 not exceeding R2 000 000 R650, 00 R700, 00
R2 000 000 not exceeding R3 000 000 R1000, 00 R1050, 00
Above R5 000 000 R2000, 00 R2050, 00

 

This article has been reprinted with the kind permission of Dykes van Heerden.
Tel: (011) 279-5000
Fax: (011) 955-4799
E-mail: info@dykesvanheerden.co.za

August 17, 2010 - Posted by | Randburg Local News, The Real Estate Market

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