ILLUSTRATIVE TABLE OF BOND AND TRANSFER COSTS

05/01/2023






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 2023. The Deeds Office fees are according to Government Gazette dated 28 February 2023, effective from 1 April 2023. The Transfer Duty threshold was raised by R100 000 to R1 100 000 on 1 March 2023. The table is 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.