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Transfer Cost Guide
(Updated on  )


Transfer DUTY vs Transfer COST

This is a guideline of the costs levied on the sale of properties.  Many see transfer duty to mean transfer costs!  When they come to view one of our properties that are priced at R760000 they say that they would rather buy for R750000 as there are no transfer costs, in other words nothing to pay.  This is not the case.  The difference in total costs of a property of R760000 and R750000 is merely R300 in transfer duty. 

Transfer cost and transfer duty are two separate things and transfer duty is only a small part of transfer costs to be paid in a property transaction.  For example, a property of R750 000 will have transfer duty of R0 (Zero) but transfer fees of approximately R30 000.  Banks don't finance transfer costs or transfer duties, so you need to save before you enter into a property purchase transaction.  This implies you have to rent until you have the funds together, if you are a first time buyer.  There are ways to finance these costs with other means such as a personal loan or your credit card budget facility at a higher percentage interest that that of the home loan itself.  Home loan debt is one of the cheapest forms of credit there is in terms of the interest % charged and period allowed over which to repay the loan.  

Here are all the details regarding transfer costs and transfer duty.

Please email info@centurionrealestate.co.za for more information

Total Cost Table 2012 - 2017

  Transfer Duty Deed Search Transfer Attorney incl. VAT Deeds Office Fee FICA Bond Registration Postage Law Fee Bank Valuation Total
450000 0 100 8100 600 200 7020 200 100 5500 21820
500000 0 100 9000 600 200 7800 200 100 5500 23500
550000 0 100 9900 600 200 8580 200 100 5500 25180
600000 0 100 10800 600 200 9360 200 100 5500 26860
650000 0 100 11700 600 200 10140 200 100 5500 28540
700000 0 100 12600 600 200 10920 200 100 5500 30220
750000 0 100 13500 600 200 11700 200 100 5500 31900
800000 1500 100 14400 600 200 12480 200 100 5500 33580
850000 3000 100 15300 600 200 13260 200 100 5500 35260
900000 4500 100 16200 600 200 14040 200 100 5500 36940
950000 6000 100 17100 600 200 14820 200 100 5500 38620
1000000 7500 100 18000 600 200 15600 200 100 5500 40300
1050000 9000 100 18900 600 200 16380 200 100 5500 41980
1100000 10500 100 19800 600 200 17160 200 100 5500 43660
1150000 12000 100 20700 600 200 17940 200 100 5500 45340
1200000 13500 100 21600 600 200 18720 200 100 5500 47020
1250000 15000 100 22500 600 200 19500 200 100 5500 48700
1300000 18000 100 23400 600 200 20280 200 100 5500 50380

Total Duty Table 2012 - 2017
(Source: http://www.sars.gov.za/Tax-Rates/Pages/Transfer-Duty.aspx, Accessed 1 March 2016)

2017 (1 March 2016 - 28 February 2017)
 
​Value of the property (R) ​Rate
0 750 000 0%
750 001 1 250 000 3% of the value above R750 000
1 250 001 1 750 000 R15 000 + 6% of the value above R 1 250 000
1 750 001 2 250 000 ​R45 000 + 8% of the value above R 1 750 000
2 250 001 10 000 000 ​R85 000 +11% of the value exceeding R2 250 000
​10 000 001 and above ​R937 500 +13% of the value exceeding R10 000 000
 
2016 (1 March 2015 - 29 February 2016)
 
​Value of the property (R) ​Rate
​0 - 750 000 ​0%
​750 001 - 1 250 000 ​3% of the value above 750 000
​1 250 001 - 1 750 000 ​15 000 + 6% of the value above 1 250 000
​1 750 001 - 2 250 000 ​45 000 + 8% of the value above 1 750 000
​2 250 001 and above ​85 000 + 11% of the value above 2 250 000
 
 
Please note: The Transfer Duty rates remained unchanged for the 2012 - 2015 tax years.

 
​Value of the property (R) ​Rate
​0 - 600 000 ​0%
​600 001 - 1 000 000 ​3% of the value above 600 000
​1 000 001 - 1 500 000 ​12 000 + 5% of the value above 1 000 000
​1 500 001 and above ​37 000 + 8% of the value above 1 500 000

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Visit our store front office at 17 Eco Boulevard Centre, Witch Hazel Ave, Eco Park, Highveld, Centurion,

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Our office number is 012-661-5144. We look forward to seeing you soon!

 

Our estate agents and property professionals for Centurion
Johan johan@centurionrealestate.co.za on 082 905 9800 (Eco Park Estate  Highveld  Die Hoewes  Lyttelton  Centurion CBD  The Reeds   Kosmosdal  Summefield Estate  Close to Gautrain Station)
Julia julia@centurionrealestate.co.za on 082 796 4873 (Doringkloof  Lyttelton  Die Hoewes  Zwartkop  Hennopspark  Clubview  Eldoraigne  Wierdapark  Rooihuiskraal North) 
Trudey trudey@centurionrealestate.co.za 082 796 4871
(Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)
Mariana mariana@centurionrealestate.co.za on 082 775 5140 (Eco Park Estate  Highveld)
Magda magda@centurionrealestate.co.za on 083 266 0987 (Lyttelton  Die Hoewes  Centurion CBD Doringkloof)

Wanda wanda@centurionrealestate.co.za on 083 770 6332
(Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)

Michelle michelledjp@centurionrealestate.co.za on 076 390 1282 (Eldoraigne  Amberfield  Rooihuiskraal  Raslouw  Celtisdal Heuwelsig Heuwelsig Estate Heuweloord Rooihuiskraal)

Wilna wilna@centurionrealestate.co.za on 083 266 0987 (Clubview  Valhalla Eldoraigne Wierda Park)





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