SarawakProjects.com Development Projects in Sarawak
Legal Fee Calculation Method
The Legal Fee for a standard Sale & Purchase Agreement is based on Solicitors’ Remuneration Order 2017. The scale fees are as follow:
| Consideration or Adjudicated Value | Scale of Fees |
| For the first RM500,000 | 1.0% (subject to a minimum fee of RM500) |
| For the next RM500,000 | 0.80% |
| For the next RM2,000,000 | 0.70% |
| For the next RM2,000,000 | 0.60% |
| For the next RM2,500,000 | 0.50% |
| Where the consideration or adjudicated value is in excess of RM 7,500,000 | Negotiable on the excess (but shall not exceed 0.5% of such excess) |
Stamp Duty Calculation Method
In addition to Legal Fees, a buyer will also need to pay ad valorem stamp duty on the property transfer:
| Consideration or Adjudicated Value | Scale of Fees |
| First RM100,000 | 1% |
| Next RM400,000 | 2% |
| Thereafter | 3% |
For property price exceeding RM7.5 million, legal fees of the excess RM7.5 million is negotiable but subjected to maximum of 0.5%.
