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Conveyancing Fees - April 2016

7 April 2016

This fee guideline applies to instructions received as from 01 April 2016, and conveyancers must note that Conveyancing fees are negotiable as they are merely guidelines and not minimum fees.  The guideline consists of the following documents:

  1. Conveyancing: Conventional Deeds (Act 47/1937): Guideline of Fees
  2. Conveyancing: Sectional Titles (Act 95/1986): Guideline of Fees
  3. Interprovincial Apportionment Guidelines: Sectional Titles
  4. Interprovincial Apportionment Guidelines: Conventional Deeds
  5. Apportionment of fees: Wasted Costs
  6. Conveyancing fees and Apportionment of fees: Alienation of Land Act

The redesigned and updated Conveyancing Tables to reflect these new fees is available here Conveyancing Tables April 2016.  Of note is the fact that the recommended fees have now become the same for both a mortgage bond registration and a transfer. As a result on average the transfer fees have increased by roughly 10% while bond registration fees have increased by roughly 20%. 

 

Value of Property

Transfer and Bond fees
< = R100 000 R4 300.00
R200 000  R5 600.00
R300 000  R6 250.00
R400 000  R8 200.00
 R500 000 R9 500.00
R600 000 R10 800.00
R700 000 R12 100.00
R800 000 R13 400.00
R900 000 R14 700.00
R1 000 000 R16 000.00
R1 500 000 R19 250.00
R2 000 000 R22 500.00
R2 500 000 R25 750.00
R3 000 000 R29 000.00
R3 500 000 R32 250.00
R4 000 000 R35 500.00
R4 500 000 R38 750.00
R5 000 000 R42 000.00
R10 000 000 R58 250.00
R15 000 000 R74 500.00
R20 000 000 R90 750.00
R30 000 000 R123 250.00
 

 

Conveyancing Fees Guidelines 1 April 2016

A CONVEYANCING CONVENTIONAL DEEDS Recommended Tariff of Fee combined Schedule

B CONVEYANCING SECTIONAL TITLES Recommended Tariff of Fees

C INTERPROVINCIAL APPORTIONMENT OF FEES (Conventional Deeds)

D INTERPROVINCIAL APPORTIONMENT OF FEES (Sectional Titles)

E APPORTIONMENT OF FEES (Wasted Costs) 

F CONVEYANCING FEES AND APPORTIONMENT OF FEES (ALIENATION OF LAND ACT)

Reader Comments: 1
Tracey Knott 13/04/2016:

Once again I note (as per the previous tariff increase) that the fee for a Section 45(1) endorsement is 50% of tariff, for the same amount of work involved as that of a transfer to a beneficiary (whether it be a spouse or other) - the only difference being there is no new deed. Is a Title Deed worth 50% of the tariff??

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