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
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