Dispute Transfer Costs Guide

Summary

Transfer costs for a sectional title property in South Africa can include transfer duty, conveyancing fees, deeds office fees, and VAT. No transfer duty is payable for properties under R1 million. Conveyancing fees are typically around 1% of the property price. Deeds office fees are set and should not be excessively high. VAT, if applicable, is usually 15% on services. Consider consulting a local lawyer for personalized advice on disputing inflated costs.

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I need to dispute the transfer costs on this invoice, but I need to substantiate my argument. They seem excessive for a sectional title property purchase of R680k. Please can you quote from the guidelines for reasonable pricing in South Africa where line items look inflated? I am waiting for my document to finish uploading--it contains the costs.
Hi ****! To help you substantiate your argument regarding the transfer costs, here are some general guidelines for reasonable transfer costs in South Africa for a sectional title property:
- Transfer Duty: No transfer duty is payable on properties purchased for R1 million or less.
- Conveyancing Fees: Typically around *% of the property price, but may vary.
- Deeds Office Fees: These are set fees and should not be excessively high.
- VAT: If applicable, usually *% on services.
Would you like me to connect you with a local lawyer who can assist you further with your case?