ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

09/26/2022
ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

NOTES:
Transfer and bond costs not inclusive of FICA costs, and any other disbursements, such as post and petties, rates clearance and/or levies, cancellation costs of existing bond, bank initiation and valuation fee, electronic document generation, e-Vault and deeds office search fees, a home-owners consent fee and transactional billing fees (where applicable) – for which provision should also be made. Whilst every care is taken with compiling these tables, we reserve the right to correct any possible inaccuracies and cannot be bound by them.

NB: the conveyancing fees serve as a GUIDELINE only as per recommended guidelines of fees and are subject to change and updates issued by the various law societies from time to time. This fees guideline relates to instructions received as from 1 May 2021, and these may be updated during the course of 2022, subsequent to the date of publication hereof. The Deeds Office fees are according to Government Gazette dated 28 February 2022, effective from 1 April 2022. The table is therefore illustrative in nature, and is intended to provide an estimated idea of costs to be expected by a purchaser of property in South Africa. Mere reference to the tables may result in misapprehension as to the costs involved, and fees may vary from the guideline based on each matter quoted for.


Disclaimer: The information in this article is an easy referenced overview of the South African Tax System and immovable property in South Africa. The information contained in this article is a summary of current property related information. Due to limitations in length, only key points on each topic are addressed. Words importing the masculine shall include a reference to the feminine and vice versa. We suggest that you do not act solely on material contained in this article as the nature of the information contained herein is general, and in summarised format, and may in certain circumstances be subject to misinterpretation. The information is provided with the understanding that no legal or professional advice is being rendered in this guide. We recommend that our advice be sought when encountering these potentially problematic areas. While every care has been taken in the compilation of this guide, no responsibility of any nature whatsoever will be accepted for any inaccuracies, errors, or omissions.